EGA and Japan’s ITOCHU sign MoU to explore joint industrial projects in UAE

EGA and Japan’s ITOCHU sign MoU to explore joint industrial projects in UAE

Emirates Global Aluminium, the largest industrial company in the United Arab Emirates outside oil and gas, and ITOCHU Corporation of Japan, today signed an agreement to explore joint projects in the UAE which would advance the goals of the nation’s Operation 300bn industrial growth strategy.

EGA’s relationship with ITOCHU stretches back to the 1980s, with the Japanese company marketing EGA’s metal to customers in Japan and Japanese companies’ operations abroad.

The two companies have now agreed to explore expanding this cooperation to leverage both companies’ industrial capabilities in opportunities that complement EGA’s existing operations in the UAE.

Potential projects include some that would be new industrial activities in the UAE, such as the further processing of EGA’s metal to produce super-high purity aluminium for specialised applications, and the recycling of copper that is used in EGA’s production process. The two companies will also explore cooperation in Industry 4.0 projects, and the development of new aluminium alloys with third parties for niche applications.

EGA and ITOCHU will also consider working together on EGA’s already-announced projects to develop the UAE’s largest aluminium recycling facility and a plant to produce silicon metal, which is a raw material for ‘premium aluminium’.

Abdulnasser Bin Kalban, Chief Executive Officer of Emirates