Emirates Global Aluminium buys German recycling business

Emirates Global Aluminium buys German recycling business

Emirates Global Aluminium, the UAE’s biggest non-oil industrial company and one of the world’s largest aluminium producers, has signed a binding sale and purchase agreement to acquire a German aluminium recycling business. The transaction to acquire 100 percent of Leichtmetall Aluminium Giesserei Hannover, a subsidiary of an investment fund managed by Quantum Capital Partners, is […]

EGA to buy Leichtmetall Aluminium

Plant creates 30,000 tonnes a year

EGA building own recycling plant in UAE

Emirates Global Aluminium, the UAE’s biggest non-oil industrial company and one of the world’s largest aluminium producers, has signed a binding sale and purchase agreement to acquire a German aluminium recycling business.

The transaction to acquire 100 percent of Leichtmetall Aluminium Giesserei Hannover, a subsidiary of an investment fund managed by Quantum Capital Partners, is subject to regulatory approvals and expected to close during the first half of this year.

Leichtmetall produces hard alloys and larger-diameter billets – lengths of metal with square or circular cross-sections – that have high proportions of secondary aluminium.

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Secondary aluminium – recycled metal from scrap – accounts for around 80 percent of the input material.

It uses renewable energy to produce up to 30,000 tonnes per year