Published On: Mon, Oct 20th, 2014

EGA features in top 100 companies in leadership stakes

EGA features in top 100 companies in leadership stakes

EGA features in top 100 companies in leadership stakes

Marking its leading position in the aluminium industry’s global ranking, Emirates Global Aluminium, EGA, has been featured in The Boston Consulting Group Global Challengers 2014 report, which highlights 100 companies that are vying for leadership of key industries and driving global economic growth.

Having been formed mid-2013, EGA is one of the youngest businesses in the global aluminium industry and also one of the largest, with an annual production capacity of 2.4 million tonnes, EGA ranks among the top five primary aluminium producers in the world, by volume.

Jointly owned in equal partnership by Mubadala Development Company of Abu Dhabi and Investment Corporation of Dubai, EGA is built on a 40-year legacy of excellence provided by its core operating assets – Dubai Aluminium PJSC and Emirates Aluminium Company Limited PJSC.

More than 90 percent of EGA’s annual production is exported to over 350 customers in almost 70 countries around the world, its key markets being Asia, the Middle East and North Africa region, Europe and the Americas.

The U.A.E.-based company also owns Guinea Alumina Corporation (GAC), a strategic bauxite mine and alumina refinery development project in Guinea, West Africa and has offices located abroad, giving EGA a global footprint.

The BCG Global Challengers 2014 report, the sixth of its kind since 2006, focuses on the innovative business models, strategies and challenges arising from emerging markets and is the outcome of an analytical study into how the companies in the report are rapidly gaining success in developing capabilities beyond low-cost manufacturing. As with the prior editions, the BCG Global Challengers 2014 report identifies 100 fast-growing companies that hail from emerging markets but are making waves in the global economy through their international success.

EGA is one of six companies from the Middle East included in the 2014 global challenger list, compared to four companies cited in the report last year. Three of the companies listed come from the U.A.E. – the others being Etisalat and Etihad Airways, both of which are well established businesses that have operated for several years.

“EGA’s inclusion in the BCG Global Challengers 2014 report is very pleasing, especially given how young our company is,” says Abdulla Kalban, Managing Director and Chief Executive Officer of EGA. “It reflects, among other things, the relevance of our commitment to innovation and talent as key drivers of our corporate growth aspirations.”

Source : WAM News Agency for United Arab Emirates

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