CORPORATE NEWS:
Aluminium: Rusal demonstrates steady growth
Established in 2000, Rusal, Russia, a world leader in aluminium production formed from the merger of a number of the largest smelters and other aluminium producers located in the CIS, has recently announced continued growth across all main product lines. Primary aluminium production showed a 6% year-on-year growth to 664,966 tonnes, mainly a result of the company's continuing efforts to introduce best practices at its production facilities. Following its market-driven strategy, Rusal continued its upgrading initiatives designed to raise the share of alloys and other value-added products in the aluminium division's mix. These type of products showed a 32% year-on-year growth. Commenting on the results, Mr Alexander Boulygine, CEO, said: “Our focus continued to be both on growth and efficiency and our results demonstrate that commitment. Taken together with a major restructuring and management realignment, we are now prepared to embark on a new phase: expansion. This is happening at a time when the market is displaying remarkable strength”.
Rusal also continues streamlining its technological base. This includes introducing a more efficient project structure at VAMI (All-Russia Aluminium and Magnesium Institute) acquired in 2003, which will facilitate the institute’s integration into Rusal. VAMI is cooperating with Rusal’s Engineering and Technological Center on modernisation and expansion projects, such as the comprehensive modernisation of Krasnoyarsk and Sayanogorsk smelters. Increasing the output of value-added cast-house products and comprehensive modernisation of cast-house areas at all aluminium smelters continues. The first stage of Rusal’s joint-project with Norwegian Hydro Aluminium for the production of extrusion ingots, has tripled the Sayanogorsk smelter's annual billet capacity to 80,000 tonnes. One of the important achievements was the introduction of A380.1-grade alloy, designed mainly for the Northern American automotive industry.
Rusal is a fully vertically integrated company with a complete production cycle from bauxite mining and the production of raw materials, to the production of primary metal, semi-products and aluminium-based end products. The company accounts for 75% of Russia's primary aluminium output and 10% of the global primary aluminium output.
Company: |
Rusal |
Country: |
Russia |
Fax: |
+7 95 728 49 12 |
Email: |
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Website: |
www.rusal.com |