ABU DHABI: Emirates Global Aluminium (EGA) said on Thursday it has signed a three-year deal to supply China’s Bosai Group with “several million tons” annually of bauxite from Guinea. Bauxite, the main aluminum ore, is refined into alumina, which is then used to make aluminum metal. China is the world’s biggest aluminum producer and Guinea is its top bauxite supplier. United
EGA delivers adjusted EBITDA of $950 million in H1 2021 zawya.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zawya.com Daily Mail and Mail on Sunday newspapers.
Emirates Global Aluminium (EGA) has reported adjusted Earnings Before Interest, Taxes, Depreciation and Amortisation (adjusted ebitda) of AED4.1 billion ($1.13 billion) for 2020, a 63 per cent increase over the previous year.
EGA grows adjusted EBITDA by 63% to AED4.1 billion Tue 16th March 2021 | 12:45 PM
DUBAI, (UrduPoint / Pakistan Point News / WAM - 16th Mar, 2021) Emirates Global Aluminium (EGA) on Tuesday reported adjusted Earnings Before Interest, Taxes, Depreciation and Amortisation (adjusted EBITDA) of AED4.1 billion ($1.13 billion) for 2020, a 63 percent increase over 2019.
EGAâs smelting EBITDA margin for 2020 was 23 percent (2019: 14 percent), ranking amongst the best globally, the company said on Tuesday.
EGA flexed its aluminium product mix during 2020 in response to fluctuating market demand caused by the impact of the COVID-19 pandemic on world manufacturing.
However, for the year as a whole EGA maintained its position as the worldâs largest âpremium aluminiumâ producer by volume, with sales of value-added products of 1.8 million tonnes or 72 percent of total sales. EGA sold value-added products in 2020 to more than 400 customers in over 50 countries.