Vietnamese company to supply feedstocks until 2023
Emirates Global Aluminium has signed a new three year contract with Vinacomin, a Vietnamese state-owned firm, extending the supply of Vietnamese alumina to the UAE until 2023.
Under the agreement, EGA will continue to buy up to 300,000 tonnes of alumina from Vinacomin each year. The deal extends an agreement that EGA and Vinacomin signed in late 2017 which was due to expire at the end of this year.
The agreement follows a visit by a senior commercial delegation to Vietnam in October, led by HE Sultan Bin Saeed Al Mansouri, UAE Minister of Economy. Alumina is amongst the significant components of UAE-Vietnam trade.
“We are pleased to extend the solid partnership between EGA and Vinacomin as part of the growing trade relationship between our two countries,” remarked Abdulnasser Bin Kalban, Chief Executive Officer, EGA.
“We are glad to extend our alumina supply relationship with such an important company in the aluminium industry,” commented Dang Thanh Hai, Vinacom’s President and CEO.
Alumina is refined from bauxite ore and is the feedstock for aluminium smelters.
EGA’s Al Taweelah alumina refinery is expected to reach sustained production at nameplate capacity during the first half of this year, with production sufficient to meet some 40 per cent of EGA’s requirements. EGA will continue to import alumina to meet its remaining needs.
