United Company RUSAL Announces 2007 Q1 Production Results
OREANDA-NEWS. On April 17, 2007 United Company RUSAL, the world’s largest producer of aluminium and alumina, has announced production results for the first quarter of 2007 (period ending 31st March) achieved by the combined facilities of RUSAL, SUAL and the alumina assets of Glencore, reported the press-centre of RUSAL.
Pro Forma First Quarter Production Highlights:
Aluminium production rose by 2,5% compared to the same period of last year and reached 999,415 tonnes;
Alumina production was flat, compared to the First Quarter of 2006, and equalled 2,740,168 tonnes;
Bauxite production decreased by 8,6% and reached 4,127,607 tonnes, which is due to temporary mining shortages in Guinea and at the Middle Timan bauxite deposit in the Komi Republic;
Value-added casthouse products manufacturing increased by 12,5% and amounted to 48% of primary aluminium production;
Foil production rose by 21,2%.
Commenting on the first quarter production results, Alexander Bulygin, CEO, United Company RUSAL said: “The first quarter of 2007 marks United Company RUSAL’s arrival as the new global leader in aluminium and alumina production. As our production results attest, we have created a strong foundation for further growth with priorities of increased aluminium and alloys production, expanded raw material base, finessed technology, and strengthened energy business. The active development of the sectors that constitute our major client base and the toughening of international environmental legislation offer more opportunities for the use of aluminium as a light metal in our key markets, such as the automotive industry, and secure stable growth in demand for our products. To meet market expectations, we are pursuing the implementation of five large construction projects - including the Boguchanskoye Energy and Metals Complex (a hydropower plant and an aluminium smelter), Taishet Aluminium Smelter in the Irkutsk Region, a bauxite and alumina complex in the Komi Republic, and full-capacity launch of the Khakas Aluminium Smelter that was commissioned in December of last year. Collaboration with Rosatom to create an energy and metals complex based on nuclear power, as well as an active search for other partners to develop key energy projects in Russia and worldwide, reinforce our competitive advantages and help to diversify our business”.
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