EGA CFO: Al Taweelah At Full Production by 1Q 2027
Emirates Global Aluminium (EGA) reports strong progress in restoring production at its main Al Taweelah smelter, which was damaged in an Iranian strike earlier this year.
The UAE-based aluminum giant confirmed the timeline during an interview with Bloomberg's Abeer Abu Omar on Horizons Middle East & Africa. The smelter's disruption has significantly impacted EGA's financial performance.
EGA reported third-quarter revenue of $5.3 billion, a decline from $6.3 billion in the same period last year. The company continues to work on rebuilding the facility damaged during the earlier strike.
Recovery Timeline
The company remains focused on returning to full operational capacity by the first quarter of 2027. Al Taweelah is one of the world's largest single-site aluminum smelters.
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