ABU DHABI: Emirates Global Aluminium (EGA) has signed a three-year aluminium supply agreement with Vinacomin, a Vietnamese state-owned firm.

Under the agreement, Vinacomin will supply EGA with up to 300,000 tonnes of alumina per year. Alumina is the feedstock for aluminium smelters.

The deal is the first long-term agreement to supply Vietnamese alumina to the UAE and significantly boosts bilateral trading relationship between the two countries.

The agreement was signed by EGA’s Managing Director and Chief Executive Officer, Abdulla Kalban, and Vinacom’s President and Chief Executive Officer, Dang Thanh Hai, and was witnessed by the UAE Ambassador to Vietnam, Khalid Ibrahim AlQahtani.

Kalban said, “This agreement with Vinacomin is in line with our strategy to diversify our sources of supply for alumina, to secure the resources that the UAE’s aluminium industry needs to grow at competitive prices. We are pleased to have Vinacomin as an alumina supplier for EGA, and also to see the economic relationship between our two countries grow. We hope to develop our relationship with Vinacomin further in the future.”

WAM