Emirates Global Aluminium to acquire German aluminium recycler Leichtmetall, aligning with EGA's net-zero emissions goal and establishing a recycling presence.
Emirates Global Aluminium (EGA), the world's largest 'premium aluminium' producer, plans to acquire 100% of German aluminium recycling firm, Leichtmetall Aluminium Giesserei Hannover, in a deal expected to close in H1 2024. The acquisition will establish EGA's presence in recycling, aligning with its goal to achieve net-zero greenhouse gas emissions by 2050, and will position EGA closer to its European customers, contributing to the circular economy. Leichtmetall uses renewable energy in its production process.
March 21, 2024
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