Alrroya citing chief executive officer Mr Saeed Al Mazrooei of Emirates Aluminium reported that Emirates Aluminium Co plans to invest USD 3.8 billion in an expansion program as it aims to become the largest smelter in the world.

The executive told Alrroya that a first expansion phase was completed several months ago. Work has begun on the second, for which German companies have been awarded contracts worth USD 184 million. It said that Emal’s current output stands at 750,000 tonnes annually; it will increase to 800,000 tonnes by the end of 2012 and to 1.4 million tonnes when the second phase is completed in 2014.

(Sourced from Bloomberg)