Emirates Global Aluminium Forges Ahead with German Recycling Acquisition

Emirates Global Aluminium Forges Ahead with German Recycling Acquisition

Emirates Global Aluminium (EGA), the world’s leading producer of premium aluminium, announced a significant move towards a more sustainable future with the acquisition of Leichtmetall, a German aluminium recycling firm. This strategic acquisition, valued at an undisclosed amount, signifies EGA’s commitment to capturing a growing share of the low-carbon aluminium market. The agreement, finalized on March 21, 2024, grants EGA full ownership of Leichtmetall, a European leader […]

via Emirates Global Aluminium Forges Ahead with German Recycling Acquisition

Emirates Global Aluminium (EGA), the world’s leading producer of premium aluminium, announced a significant move towards a more sustainable future with the acquisition of Leichtmetall, a German aluminium recycling firm. This strategic acquisition, valued at an undisclosed amount, signifies EGA’s commitment to capturing a growing share of the low-carbon aluminium market.

The agreement, finalized on March 21, 2024, grants EGA full ownership of Leichtmetall, a European leader in the production of high-strength recycled aluminium products. Leichtmetall specializes in hard alloys and larger diameter billets, catering to a specific segment within the aluminium industry. Notably, around 80% of the raw materials utilized by Leichtmetall come from recycled aluminium sources, aligning perfectly with EGA’s environmental goals.

This acquisition comes hand-in-hand with EGA’s ongoing construction of the UAE’s largest