Emirates Global Aluminium (EGA), one of the world’s leading aluminium producers, has been named one of the top rapidly globalising companies in the Boston Consulting Group (BCG) 2016 Global Challengers report.
The BCG Global Challengers report focuses on the innovative business models, strategies and challenges arising from emerging markets, said a statement from EGA.
The report is the outcome of an analytical study into how the companies in the report are performing. As with prior editions it identifies the top 100 companies that are vying for leadership of key industries and driving global economic growth, it said.
This is EGA’s second citing, having also been included in the 2014 edition of the report, it added.
EGA is one of three UAE companies included in the BCG 2016 Global Challengers report, the others being Etihad Airways and Etisalat, said a statement.
Abdulla Kalban, managing director and CEO of EGA, said: “Our company’s repeat inclusion in the report recognises the impact of our global reach in promoting the UAE across the world, as well as our substantial contribution to the nation’s economic diversification strategy to reduce dependence on the energy sector.
“Indeed, the value-add of the aluminium industry to the UAE manufacturing sector is enormous in terms of gross domestic profit (GDP) contribution, exports and employment opportunities.”
Kalban added: “This is a valued accolade, given that the global aluminium industry has been facing substantial challenges including global macro-economic uncertainty, growth slowdown in China, a stronger US dollar and falling oil prices.”
EGA’s core midstream assets – Dubai Aluminium (Dubal) and Emirates Aluminium (Emal) – produce superior quality, high performance primary aluminium products for use in the electronics, aerospace, automotive, construction, industrial, transportation, packaging and printing sectors.
More than 90 per cent of EGA’s annual production is exported to 60 countries.
EGA also owns Guinea Alumina Corporation (GAC), which is developing a 12 million tpa bauxite mine in Guinea, West Africa; and Al Taweelah Alumina, which is currently developing a 2 million tpa alumina refinery in the UAE.
