Monday, December 18, 2017

Vietnamese group wins EGA alumina supply contract

Emirates Global Aluminium (EGA), one of the world's leading aluminium producers, said it has signed a deal with Vietnam National Coal and Mineral Industries Group (Vinacomin) for supply of alumina for three consecutive years.

One of the largest industrial companies in the UAE, Ega has more than 40 years of experience in aluminum production with an output of up to 2.4 million tonnes per annum in addition to oil and gas.

Under the terms of the contract, Vinacomin will supply alumina to EGA for three consecutive years, amounting to 300,000 tonnes per year, as raw material for the UAE group's aluminum electrolytic plants, said Abdulla Kalban, the chief executive of Ega after signing the deal with Dang Thanh Hai, the general director of Vinacomin in the presence of Khalid Alqahtani, the ambassador of the UAE in Vietnam.

Expressing his delight at the successful conclusion of a three-year supply agreement with Vinacomin, Kalban emphasised that EGA would like this contract to be the beginning of the expansion of co-operation between the two companies in the future.

On the new partnership, Thanh Hai said this contract will contribute to boosting trade co-operation between Vinacomin and Ega in particular, and between Vietnam and UAE in general over the coming years.

This is Vinacomin's first long-term contract with its Middle East counterpart, in line with the guidance of the Government of Vietnam and the Ministry of Industry and Trade on developing relations with Middle East and African countries in the period 2016-2025, he stated.

Along with long-term contracts with other partners from India, Switzerland, Japan and Korea, this contract will contribute to ensure Vinacomin's consumption of alumina in many markets around the world, he added.-TradeArabia News Service

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