The company had planned an IPO in 2018 or 2019 but it was pulled after then-US President Donald Trump imposed tariffs on aluminum imports from the UAE
Emirates Global Aluminium said earnings before interest, tax, depreciation and amortization were Dhs4.1bn in 2020
Using this aluminium from EGA will reduce BMW Group’s emissions by 222,000 tonnes of CO2 per year
This solar-powered aluminium will be supplied to global customers under the new product name of CelestiAL
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