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4/16/2024
Sustainability & CO2 neutrality
News
Emirates Global Aluminium Acquires Leichtmetall Holding GmbH
Emirates Global Aluminium (EGA), a global producer of premium aluminium, is acquiring the German recycling company Leichtmetall Aluminium Giesserei Hannover GmbH. Leichtmetall is a European specialty foundry, with production including hard alloys and larger diameter billets with high proportions of secondary aluminium. The acquisition by EGA is expected to be completed in the first half of 2024.
At its Hannover location in Germany, Leichtmetall utilizes renewable energy to produce up to 30,000 tonnes of aluminium billets per year, with secondary aluminium accounting for about 80 percent of the input material. The company employs its own inductive melting technology, liquid metal treatment, and casting processes. Its customer base is spread across Europe, particularly in Germany, Italy, and France.
This acquisition provides EGA a platform to develop a recycling business close to our customers in Europe, contributing to the emerging circular economy and building on our existing position as one of the biggest importers of primary aluminium on that continent. Leichtmetall will grow as part of EGA.
The acquisition of Leichtmetall adds significant value to EGA and, alongside the recycling facility we are building in Abu Dhabi, is just the first step for EGA in capturing growth opportunities worldwide in low carbon primary and recycled aluminium, expanding our business and enabling us to reach net zero greenhouse gas emissions by 2050.
Abdulnasser Bin Kalban, CEO of Emirates Global Aluminiun
Leichtmetall plays a crucial role in expanding EGA's recycling business. Subject to regulatory approval, the acquisition is the first major purchase since its inception through the merger of Dubai Aluminium and Emirates Aluminium ten years ago.
EGA, already exporting significant quantities of primary aluminium to Europe, is expanding its recycling capabilities, including the construction of the largest recycling plant in Al Taweelah.
Future Prospects in Aluminium Recycling
Market analysts predict that the global demand for recycled aluminium is likely to increase significantly, from 27 million tonnes in 2022 to 57 million tonnes by 2040. Recycled aluminium is becoming increasingly important for meeting the global aluminium supply, with an expected contribution of 60 percent to the growth by 2030 and 70 percent by 2040.EGA, already exporting significant quantities of primary aluminium to Europe, is expanding its recycling capabilities, including the construction of the largest recycling plant in Al Taweelah.
