Emirates Global Aluminium (EGA) on Sunday announced that it achieved cost savings of Dhs20.8 million through its suggestion scheme during the first half of 2019. Since January 2019, EGA employees have put forward over 14,000 ideas
The price of aluminium in Shanghai traded at nine-month highs this week on the back of Chinese smelter outages. The Shanghai Futures Exchange (ShFE) contract has seen volumes accelerate and open interest surge on the higher prices,
Emirates Global Aluminium (EGA) on Tuesday reported adjusted Earnings Before Interest, Taxes, Depreciation and Amortisation (adjusted Ebitda) of Dhs4.1 billion ($1.13 billion) for 2020, a 63 per cent increase over 2019.
Dubal Holding’s decision to acquire a majority stake in Dubai-based aluminium extrusion company OSE Industries is a major vote of confidence in the UAE economy, according to Dubai Industrial City.
Abu Dhabi state investor Mubadala invested a record amount in 2020 as it doubled down on growth sectors, and is close to making a decision on the listing of Emirates Global Aluminium (EGA),
Global aluminium production is contracting this year, according to the International Aluminium Institute (IAI). Cumulative output in the first eight months of 2019 slid by 0.6% to 42.5 million tonnes with production down in both China,
Ducab, one of the UAE’s largest manufacturing businesses, is consolidating its metal operations into a new subsidiary - DMB, a dedicated business unit within the Ducab Group of companies supplying “Made in UAE” copper and aluminium solutions.
Emirates Global Aluminium (EGA) on Thursday reported adjusted Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) of Dhs2.5 billion ($693 million) for 2019.
Ducab Group, one of the UAE’s largest manufacturing businesses, has announced a 5 per cent climb in overall profitability in 2019, driven by gains in key areas of its cable and metal manufacturing portfolio.