EGA inks three-year alumina supply deal with Vietnam

DUBAI / Emirates Business

Emirates Global Aluminium (EGA), the largest industrial company in the UAE outside oil and gas, signed a three-year alumina supply agreement with Vinacomin, a Vietnamese state-owned firm. Under the agreement, Vinacomin will supply EGA with up to 300,000 tonnes
of alumina per year. Alumina is the feedstock for aluminium smelters.
The deal is the first long-term agreement to supply Vietnamese alumina to UAE and significantly boosts the bilateral trading relationship
between the two countries.
The agreement was signed in Hanoi by EGA’s Managing Director and Chief Executive Officer Abdulla Kalban and Vinacom’s President and Chief Executive Officer Dang Thanh Hai, and was witnessed by the UAE Ambassador to Vietnam HE Khalid Alqahtani.
Abdulla Kalban said: “This agreement with Vinacomin is in line with our strategy to diversify our sources of supply for alumina, to secure the resources that the UAE’s aluminium industry needs to grow at competitive prices. We are pleased to have Vinacomin as an alumina supp-lier for EGA, and also to
see the economic relatio-nship between our two
countries grow.”
Dang Thanh Hai said: “Although Vinacomin’s alumina just entered the world alumina market four years ago, it has been accepted by world-class customers, such as EGA, one of the leading premium aluminium producers, as expressed by the signing between Vinacomin and EGA.