EGA's Board of Directors | EGA It is thanks to the metal of the future that we live in great cities, can make instant connections and more. EGA is an aluminium conglomerate with interests in bauxite/alumina and primary aluminium smelting. Renowned financier, Co-Founder of The Carlyle Group, and philanthropist David Rubenstein provides unparalleled access to the world's most successful investors. Voices is a network for GEs US supporters interested in the companys impact in their communities and in issues that impact the company. Emirates Global Aluminium reaches critical milestone in the Al Taweelah potline extension project July 15, 2021 The 26 new reduction cells at Al Taweelah's potline 2 are ramping-up to produce some 30,000 tonnes of aluminium per year. United Arab Emirates, 7 March 2023: Emirates Global Aluminium, the world's largest 'premium aluminium' producer and the biggest industrial company in the United Arab Emirates outside oil and gas, today reported its strongest-ever financial results. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Aluminium makes modern life possible, from the smartphone in your hand, to the plane you fly in, to the buildings where you live and work. But looking at the longer term, there's a stronger push for decarbonisation and aluminium is a metal that is well placed to make economies more sustainable," said Zouhir Regragui, chief financial officer at EGA in an interview. Total dividends for 2022 to shareholders was 3.7 billion, the largest in EGA's history, the company said. Emirates Global Aluminium P.J.S.C. Emirates Global Aluminium (EGA) - Light Metal Age Magazine Access the latest press releases, media contacts, and press tools. For decades, Emirates Global Aluminium has maintained and developed global competitiveness by focusing on innovation and continuous improvement. We aim to be the industrial employer of choice in the countries where we operate. In 1975, Dubai Aluminum (DUBAL) was founded as the UAE's first aluminium production company. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. We have developed our own aluminium smelting technology in the United Arab Emirates for more than 25 years. The company has smelters in Abu Dhabi and Dubai and a bauxite mine in Guinea. Emirates Global Aluminium - Mahed Aluminum The 100-day project was part of the Government Accelerators Program and the largest contribution to the reduction came from the installation of GEs water injection skid to a GE 9B gas turbine at EGAs Jebel Ali power plant. Our Standards: The Thomson Reuters Trust Principles. EGA directly and indirectly creates tens of thousands of jobs in the UAE and internationally. Contact EGA | EGA The industry leader for online information for tax, accounting and finance professionals. EGA's 2020 sustainability performance. (EGA) operates as a producer of aluminum products. Aluminium prices in Europe and the United States have hit a record this month and could influence appetite for the IPO, they said. Emirates Global Aluminium P.J.S.C. Together with our customers, were proving that no one is ever limited to only affordable, reliable, or sustainable energy. The industry leader for online information for tax, accounting and finance professionals. Driving sustainable economic growth is one way we make modern life possible for the societies in which we operate. See here for a complete list of exchanges and delays. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Previously based in Dubai, where he was Reuters Chief Economics Correspondent for the Gulf region, he has written on a broad range of topics including Saudi Arabias efforts to diversify away from oil, Lebanons financial crisis, as well as scoops on corporate and sovereign debt deals and restructuring situations. We mine and move bauxite, the ore from which aluminium is derived. About EGA America Inc. | EGA The sector is estimated to support over 60,000 direct, indirect and induced jobs within the UAE. Embedding sustainability in everything we do, Net zero greenhouse gas emissions by 2050, How our aluminium makes modern life possible. Emirates Global Aluminum is a metal and mining company. Emirates Global Aluminium Company Profile: Funding & Investors - PitchBook Emirates Global Aluminium | Megaprojects | Siemens Energy Middle East We have developed our own aluminium smelting technology in the United Arab Emirates for more than 25 years. See here for a complete list of exchanges and delays. Emirates Global Aluminium. One of the sources said EGA expects banks to take a fresh look at its valuation, and to test investor appetite on the deal and other factors. We recentlylaunched theAluminium Recycling Coalitionalong with our partnersat an event in Al Taweelah. Reporters from Bloomberg's Washington, D.C. bureau are prominently featured as they offer analysis of policy and legal issues. North Korea said it has no intention to "examine" South Korea's Hyundai Group chief's plan to visit the North's Mount Kumgang, North Korea's foreign ministry said in a statement on Saturday. EGA's core operating assets are Dubai Aluminium (DUBAL) and Emirates Aluminium (EMAL) whose combined production is 2.34 million tonnes per annum ("tpa"). Emirates Global Aluminium Reviews in Dubai, UAE | Glassdoor Tune in or catch up on GEs latest investor events and reports. Davide Barbuscia covers macro investment and trading out of New York, with a focus on fixed income markets. Emirates Global Aluminium is the world's largest 'premium aluminium' producer and the biggest industrial company in the United Arab Emirates outside oil and gas. Read the latest GE financial news releases and stories. read more. Transforming how industry solves its toughest challenges by bringing simplicity, speed and scale to digital transformation. Continuous improvement. United Arab Emirates, 29 November, 2021: Emirates Global Aluminium (EGA), the largest industrial company in the United Arab Emirates (UAE) outside oil and gas, and GE Gas Power (NYSE: GE) are to develop a roadmap to reduce greenhouse gas emissions from the operation of EGAs existing GE natural gas turbines by exploring hydrogen as a fuel, as well as carbon capture, utilisation and storage solutions. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. At GE, we rise to the challenge of building a world that works. Mubadala declined to comment. DUBAI, Aug 26 (Reuters) - Emirates Global Aluminium (EGA) is weighing a potential initial public offering next year, sources said, in what could be one of the biggest share sales in the United Arab Emirates in recent years. The MoU between EGA and GE is in line with the ambitions of the UAE Governments Hydrogen Leadership Roadmap, unveiled earlier this month in Glasgow during COP26. Board Member and Chair of the Human Capital Committee, Board Member and Chairman of the Audit and Risk Committee, Board Member and member of the Finance and Commercial Committee, Technical and Projects Committee and Human Capital Committee, Board Member and member of the Finance and Commercial Committee and Human Capital Committee, Board Member and member of the Audit and Risk Committee, Board Member, Chairman of the Technical and Projects Committee and member of the Finance and Commercial Committee, Board Member and Chairman of the Finance and Commercial Committee, Managing Director and member of the Finance and Commercial Committee, Technical and Projects Committee and Human Capital Committee, Senior Vice President, Government Relations, General Counsel and Head of Ethics & Business Integrity, Senior Vice President Casthouse and Global Head of Technical Sales, Executive Vice President, HSSEQ and Business Transformation, Executive Vice President Capital Projects, Alumina & Bauxite, Chief Supply Chain and Business Development Officer, Copyright 2023 Emirates Global Aluminium PJSC. Contact information for general inquiries and feedback. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. The company is considering offering between 10% and 20% of its shares to investors and initial estimates from banks value the company from $16 billion to $19 billion, sources said. We are the worlds largest premium aluminium producer and the biggest industrial company in the UAE outside oil and gas. read more. The aluminum market is forecasted to grow by USD 28,014.19 mn during 2022-2027, accelerating at a CAGR of 3.05% during the forecast period. Dubai Aluminium (Dubal) and Emirates Aluminium (Emal), which were merged into Emirates Global Aluminium (EGA) in 2013, introduced a co-generation and combined cycle configuration in their power stations, achieving 46-48 per cent thermal efficiency. Emirates Global Aluminium produces approximately four per cent of the worlds aluminium, operating smelters in both Dubai and Abu Dhabi in the United Arab Emirates. Mubadala-backed EGA plans to build first aluminium - The National Emirates Global Aluminium reaches critical milestone in the Al - Hatch The company took an impairment loss of 1.1 billion dirhams for mining assets and related equipment at Guinea Alumina Corporation, to reflect the increased cost of capital and other market conditions in Guinea. All rights reserved. EGA has captive power plants at both Jebel Ali and Al Taweelah to meet its electricity needs, and is the biggest electricity generator in the UAE after the Dubai and Abu Dhabi utilities. READ MORE. Emirates Global Aluminium ("EGA") is the world's largest 'premium aluminium' producer. The report on the . Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Accomplished leaders building GEs legacy. Emirates Global Aluminium PJSC - Company Profile and News Why decarbonising the aluminium industry is key to achieving the UAE's EGA America | EGA GE's dedicated team, leading technology, and global reach and capabilities help the world work more efficiently, reliably, and safely. "I am confident that our performance will continue to improve, making EGA increasingly attractive should our shareholders decide to proceed with an initial public offering, which would be one of the United Arab Emirates largest ever," Chief Executive Abdulnasser Bin Kalban said in a statement. Abdulnasser Bin Kalban, Chief Executive Officer of EGA, said: Aluminium has an important role to play in the development of a more sustainable society, and it also matters how sustainably aluminium is made. EGA reported a loss of 208 million dirhams in the year earlier period. Guinea Alumina Corporation EGA America is based in St Louis, Missouri, and aims to provide seamless end-to-end service to all its customers in North America. EGA America Inc. is the sole distributor in North America of Emirates Global Aluminiums metal and is one of the most significant suppliers of primary aluminium in the United States. The aluminum market is forecasted to grow by USD 28,014.19 mn during 2022-2027, accelerating at a CAGR of 3.05% during. We are the worlds largest premium aluminium producer and the biggest industrial company in the UAE outside oil and gas. The Global Aluminum Market is forecasted to grow by USD - GlobeNewswire Emirates Global Aluminium Salaries in Dubai, United Arab Emirates EGA is the worlds biggest premium aluminium producer and the companys metal is the largest made-in-the-UAE export after oil and gas. Emirates Global Aluminium (EGA ) | LinkedIn About Emirates Global Aluminium PJSC Emirates Global Aluminium ("EGA") is a jointly-held, equal-ownership company formed by Mubadala Development Company of Abu Dhabi and the Investment Corporation of Dubai by combining their respective aluminium industry interests. EGA unveils aluminium recycling initiative amid sustainability push EGA and GE to Develop Roadmap to Decarbonise UAE Aluminium Giant's GE Walt Disney has been accused of systematically underpaying women in California in a lawsuit that alleges the company's female employees in the state earned $150 million less than their male counterparts over an eight year period. It reported 4.1 billion dirhams ($1.1 billion) of core earnings for last year, up from 2.5 billion dirhams a year prior. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. Sole distributor for Emirates Global Aluminium in North America Providing seamless end-to-end service across North America Selling direct to end user customers Emirates Global Aluminium is now also playing an equally important role in helping the UAE to meet its net-zero targets. This work with GE will enable us to determine how we can reduce the carbon intensity of our power generation over the years ahead including by switching to hydrogen, and is an important step in our journey to ensure EGAs aluminium can play its full part in helping the world tackle the generational challenge of climate change. By embracing diverse teams and perspectives, we are better equipped to build a world that works.