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Saudi Maaden-Alcoa Aluminium JV to add production line

Saudi Maaden-Alcoa Aluminium JV to add production line

Saudi Arabian Mining Co (Maaden) plans to add a new production line at its aluminium joint venture with U.S firm Alcoa to produce sheets used in the automotive and construction industries, the firm said on Monday.

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March 6, 2012 11:05 by



The new line will have a capacity of 100,000 tonnes per year and also produce foil stock sheets when it comes online by the end of 2014, Maaden said in a statement on the Saudi bourse website.

Financing for the project will be announced at a later date.

The Aluminium complex is owned 74.9 percent by Maaden, and 25.1 percent by Alcoa. (Reporting by Asma Alsharif; Editing by Firouz Sedarat)



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