| What's New in Saudi Arabia |
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Ma’aden Alcoa Aluminum Joint Venture Pours First Concrete for Middle East’s First Alumina Refinery at Ras al Khair
February 3, 2012 RIYADH, Saudi Arabia & NEW YORK--(BUSINESS WIRE)--The Ma’aden Alcoa (NYSE: AA) aluminum joint venture today announced that it has poured the first concrete in the construction of the region’s first alumina refinery at the fully integrated aluminum complex at Ras Al Khair.
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Alcoa and Ma’aden Complete Aluminum Project Financing Agreements
October 16, 2011 NEW YORK & RIYADH, Saudi Arabia--(BUSINESS WIRE)--Alcoa (NYSE:AA) and The Saudi Arabian Mining Company, Ma’aden, today announced the signing of financing agreements by Ma’aden Bauxite and Alumina Company, the second phase of the US$10.8 billion Ma'aden Alcoa fully integrated aluminum joint venture.
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Ma’aden and Alcoa Mark Double Project Milestones
August 10, 2011 RIYADH, Saudi Arabia--(BUSINESS WIRE)--Senior executives from Ma’aden and Alcoa (NYSE:AA) today joined project teams at Ras Al Khair in Saudi Arabia to commemorate two major landmarks in the construction of their $10.8 billion integrated aluminum joint venture.
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Ma’aden/Alcoa Joint Venture Breaks Ground on State-of-the-Art Rolling Mill
April 21, 2011 RAS AZ ZAWR, Saudi Arabia & NEW YORK--(BUSINESS WIRE)--Ma’aden, the Saudi Arabian Mining Company, and Alcoa (NYSE:AA) today announced they broke ground on their joint venture state-of-the-art rolling mill in Ras Az Zawr, Saudi Arabia. Upon completion, the rolling mill will be the most cost-efficient in the world serving packaging and flat-rolled products markets in the Middle East and beyond.
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المشروع المشترك بين شركتي معادن والكوا يبدأ في تأسيس مصنع درفلة على أحدث طراز
رأس الزور، المملكة العربية السعودية ونيويورك – (BUSINESS WIRE) أعلنت كل من شركة معادن، وهي شركة التعدين السعودية وشركة الكوا (NYSE:AA) اليوم عن بدئهما في تأسيس مشروع مشترك لإنشاء مصنع درفلة على أحدث طراز في رأس الزور بالمملكة العربية السعودية. وعند الانتهاء من هذا العمل، سيكون مصنع الدرفلة هذا الأكثر كفاءة وتوفيرًا في العالم من حيث تزويد أسواق منتجات التغليف والمنتجات المدرفلة سطحيًا في الشرق الأوسط والبلدان المجاورة.
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Alcoa, one of the world's leading aluminum producers, provides innovative solutions for customers throughout Saudi Arabia. Alcoa is active in every important facet of the global aluminum industry, from refining and smelting to fabricating, recycling and other related businesses. Our extensive network of production and commercial facilities combines local presence with global resources, providing customers with leading-edge technology, expertise and integrated solutions for a wide range of products.
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Alcoa has partnered with Ma’aden to develop a bauxite mine, refinery, smelter and rolling mill in Saudi Arabia. This joint venture offers unparalleled growth opportunity:- Alcoa is building the lowest cost, most efficient aluminum complex in the world
- Utilizing fully developed infrastructure, including low-cost natural gas power
- Establishing a strategic footprint in fast growing region
- Smelter and rolling mill are scheduled to be on-line in 2013 and bauxite mine and refinery in 2014
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