Rusal invests to upgrade SAZ
(Posted on 08/06/20)
RUSAL, a leading global aluminium producer, will invest approximately $190 million in modernising the production of electrodes at its Sayanogorsk Aluminum Smelter (SAZ) between 2020 and 2023. In addition to the positive economic effect this investment will bring, the modernization program will also help reduce the smelter’s environmental impact.
The reconstruction of three anode-baking furnaces at SAZ will be carried out in line with the best eco-friendly technologies using equipment supplied by a German company, Riedhammer GmbH.
This project will significantly improve the quality of the anodes and the energy efficiency indicators. Moreover, the anode baking area will be equipped with the new digital systems, and the information on the operations of the three furnaces will be transmitted to a unified control panel.
"Today the Sayanogorsk Aluminium Smelter is one of RUSAL’s most modern and technologically advanced enterprises. In addition to increasing the energy efficiency of the smelter, the implementation of the project to modernize the production of electrodes will also contribute to reducing the impact of the plant on the environment. Moreover, upon completing the upgrade of the furnaces, SAZ will be able to increase the production of fired anodes for the Company's smelters to secure the supply of our own high quality raw materials," said RUSAL’s CEO Evgenii Nikitin.
RUSAL is the leader of the global aluminium industry. In 2019, the Company accounted for about 5.9% of global production of aluminium and 6.3% of alumina production. RUSAL's offices are operating in 20 countries all over the world and across 5 continents. RUSAL common stock is traded at the Hong Kong Stock Exchange. RUSAL's ordinary shares are traded on the Moscow Exchange.
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