Market Overview

Alcoa, Ma'aden Begin Expansion of Aluminum Rolling Mill in Ras Al Khair, Saudi Arabia

Alcoa (NYSE: AA) and The Saudi Arabian Mining Company (Ma'aden) today
broke ground for construction of expanded rolling mill capabilities at
their combined aluminum complex in Ras Al Khair, Saudi Arabia. The
expanded capabilities will enable the facility to supply aluminum
automotive, building and construction sheet and foil stock to the
Kingdom's developing new industry and other global markets beginning in
2014, positioning the project to capture growing demand for aluminum
from the automotive, building and construction sectors.

Ma'aden President and CEO Engineer Khalid Al Mudaifer said the new sheet
products integrated rolling and surface treatment complex is an exciting
step for Saudi Arabia as it enters the global aluminum industry and

See full press release

Posted-In: News Guidance Asset Sales Management M&A Global

 

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