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EGA to Spend $400M Restoring War-Damaged Smelter
12 Aug
Summary
- EGA plans $400 million investment for smelter restoration.
- Production aims to reach pre-war levels by early next year.
- Company seeks to accelerate the recovery timeline.
Emirates Global Aluminium (EGA), a leading Middle Eastern producer of aluminium, has announced plans to allocate around $400 million towards the restoration of its smelter located in Abu Dhabi. The facility sustained damage during a recent conflict.
Production at the Abu Dhabi smelter is projected to return to its pre-war capacity during the first quarter of 2027. EGA is actively working to hasten this projected timeline, aiming for an even quicker recovery.
This substantial financial commitment signifies EGA's dedication to rebuilding and resuming normal operations following the adverse effects of the war. The company's swift action aims to mitigate the impact of the damage and re-establish its significant market presence.
