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Rusal unveils details of alloy investment programme

February 20, 2012 - 15:17 GMT Location: London

KEYWORDS: Rusal , aluminium , alloys , aluminium smelters , Russia , Siberia

United Co Rusal has released further details of its programme of investment in alloy production as it looks to increase the proportion of value-added products in its total output, following a roundtable held in Russia on February 16.

“The upgrade work is taking place at practically all the smelters of the company,” a spokeswoman for Rusal said. The company’s Aluminium Division West, for example, which manages smelters in the European part of Russia and the Urals, as well as Kubal in Sweden, is implementing a modernisation programme aimed at creating a value-added products (VAP) hub. The five smelters participating in this programme are Volgograd, Nadvoitsy, Kandalaksha, Urals and Volkhov, and the aim of the programme is to shift to 100% VAP production at these smelters, the spokeswoman said. “Total capex of [this] programme is $55 million, which will better enable Rusal to meet the demand for products tailored for customers’ needs, drive a rise in smelters’ profitability, and lead to further interaction with end-customers,” she added. The first smelter to be modernised within the upgrade programme was the Volkhov aluminium smelter (VAS), where the...

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