Russia » Economics

RusAl plans output growth

RusAl (Russian Aluminum), the world's second biggest aluminum producer, said on Tuesday it planned a substantial output rise in the next two to four years to keep its share of the world aluminum market. Alexander Bulygin, RusAl's chief operating officer announced the company was looking at building new plants in Russia, modernizing existing ones and acquiring new production facilities. "If we want to continue being one of the three leading producers of the metal, we can't do without building or acquiring new facilities," Bulygin said.

RusAl, created in 2000 in a wave of mergers, owns the country's largest aluminum smelters at Bratsk, Krasnoyarsk and Sayanogorsk, as well as the fifth largest plant Novokuznetsk. It produced 2.459 million tons of aluminum in 2001 and plans to raise output slightly to 2.464 million tons in 2002, the Russia Journal reported.

Comments
Russia starts Star Wars first. USA concerned and puzzled
Turkey and USA take their relationship to breaking point
US sanctions to kill Russian banks and sovereign debt?
US sanctions to kill Russian banks and sovereign debt?
Details of Putin-Merkel surprise meeting unveiled
Turkey and USA take their relationship to breaking point
Iran shows new ICBM that can evade radars
US refuses to explain reasons behind new 'draconian' sanctions
Russia starts Star Wars first. USA concerned and puzzled
US sanctions to kill Russian banks and sovereign debt?
Pilot shares his impressions after flying Su-57 fifth-generation fighter
Russia to respond with military-strategic blow to new USA's sanctions
Russian government prepares to get rid of US dollar in economy
Russia to respond with military-strategic blow to new USA's sanctions
US sanctions to kill Russian banks and sovereign debt?
Russia builds new robotic tank invulnerable to mines
Caspian Convention challenges Gazprom's rule in Europe
US sanctions to kill Russian banks and sovereign debt?
Turkey desperately tries to rescue its national currency as it falls to all-time lows
Boy loses hand when jumping into the river
North Korea: Standing proud for Korea!