SUAL to spend $US 1.5 BLN to build an aluminum plant in Kazakhstan
Published time: 14 Dec, 2006 08:18 Edited time: 14 Dec, 2006 11:18
Russia’s aluminum giant SUAL will spend $US 1.5 BLN on building an aluminum plant in Kazakhstan to be located near the Russian border. It will produce roughly 0.5 MLN tonnes of aluminum a year.
The Central Asian republic of Kazakhstan is rich in raw aluminium, but has no smelting facilities.Two months ago SUAl agreed to merge with its rival Rusal and a Swiss commodities trader Glencore. Russian anti-monopoly watchdogs should make a decision on the merger early next year.