HH Sheikh Hamdan bin Rashid Al Maktoum chairs AGM at DUBAL
- United Arab Emirates: Wednesday, February 27 - 2013 at 12:28
- PRESS RELEASE
For Dubai Aluminium 'DUBAL' — the entirely state-owned enterprise whose Jebel Ali operation ranks as the world's largest single-site primary aluminium smelter using pre-bake anode technology - 2012 was again an excellent year.
DUBAL's 2012 results were revealed by Abdulla J M Kalban (President & Chief Executive Officer), during the company's General Assembly Meeting for 2012, held at DUBAL's Jebel Ali site on Wednesday 27 February 2013 and attended by HH Sheikh Hamdan bin Rashid Al Maktoum (Deputy Ruler of Dubai, UAE Minister of Finance and Chairman of the DUBAL Board), members of the DUBAL Board of Directors and a representative from Investment Corporation of Dubai. According to Kalban, DUBAL's achievements in 2012 reflect a combination of higher production and sales volumes, coupled with sustained focus on controlling the cash conversion cost, the latter despite increasing pressure on the purchase prices of raw materials. "It's also important to note that DUBAL's net profit includes our company's share in the profits of Emirates Aluminium 'EMAL', which amounted to Dhs92 m in 2012 during its second full year of production. This year, management decided to adjust partial impairment of Guinea. Reducing budgeted capital expenditures and maintaining tight working capital control contributed significantly to achieving healthier cash generation from operating activities and free cash flow. This provided support to maintain a very strong balance sheet for DUBAL," says Kalban.
Widely acknowledged as the UAE's industrial flagship, DUBAL began operating in 1979 with an initial production capacity of 135,000 tonnes per year. The company has since undergone a series of major expansion projects, together increasing the production capacity of DUBAL's Jebel Ali plant more than seven-fold to more than one m tonnes per year. The use of advanced in-house developed technologies that offer improved productivity and other operating benefits, together with higher amperage levels and efficiency improvements, enabled DUBAL to produce 1,025,266 tonnes of hot metal in 2012. "This marked the third consecutive year that DUBAL has surpassed the one m tonne hot metal milestone, and also represented growth of 1.03% on the 1,014,795 tonnes produced in 2011," continues Kalban. "Going forward, ever-higher hot metal production is expected each year, driven by further productivity gains."
Moreover, both cast product and sales volumes exceeded one m tonnes for the fourth consecutive year, with DUBAL selling 1.9% more metal in 2012 than in 2011. These statistics highlight the company's ranking as a major supplier of premium quality, highest purity aluminium to the global market, especially as more than 88% of DUBAL's annual production is exported to more than 300 customers in at least 50 countries in various parts of the world.
DUBAL's performance also continued to improve in terms of employee safety. The company's total recordable injury frequency rate ("TRIFR", comprising lost time injuries, restricted work and medical treatments per m hours) decreased from 3.65 in 2011 to 3.26 by the end of 2012 — an improvement of 20% over the last three years. Overall, a 89.5% drop in lost time injuries ("LTIs") has been achieved since 2004.
Importantly, DUBAL met or outperformed virtually all measures relating to the environment in 2012, specifically with regard to overall perfluorocarbon 'PFC' emissions, which have dropped by 88% compared to 1990 levels. DUBAL's total fluoride emissions continued to decrease throughout 2012, resulting in an overall decline of 33% since 2000. With regard to occupational health, DUBAL achieved zero lost work days due to heat stress for the seventh year in a row and none due to heat rash for the sixth consecutive year.
Aiming to be a clear leader by example, DUBAL has spear-headed the quality movement in the UAE, adheres to international operating standards in all aspects of its business operations and is an employer of choice in Dubai. Undoubtedly a source of national pride, DUBAL is a strong proponent of Emiratization — more than 65% of employees at senior management level are UAE Nationals, while 16% of the total DUBAL workforce comprises local employees.
In terms of foreign investments to secure raw material stocks, good progress was made during 2012. DUBAL is currently engaged in strategic upstream bauxite/alumina projects in Brazil, Republic of Guinea, Cameroon and in the UAE, that are in various stages of development.
The performance of DUBAL's proprietary DX Reduction Technology continued to advance throughout the year: the amperage of the 40 DX Reduction Technology cells at DUBAL's Jebel Ali site has been increased to 385 kA, while parallel efforts enabled a lowering in energy consumption, higher efficiency operating parameters and new emissions benchmarks. "The operating parameters being recorded consistently clearly demonstrate the outstanding performance capabilities of DX Reduction Technology at industrial scale and put it at the level of the best available technologies," says Kalban. "DX Reduction Technology has also been installed in the EMAL Phase I potlines, where the cells are performing as impressively as at DUBAL."
Through ongoing research and development, DUBAL's DX Technology cells have been re-designed to enable operation at even higher amperages. Five new generation cells, built in the pilot line at Jebel Ali, began operating at 420 kA at the end of August 2010. Mid-2011, the amperage of these pilot cells was increased gradually and reached 440 kA in February 2012, with stable results. The improved technology — known as DX+ Technology — is based directly on the proven, inherently robust DX Technology. The industrial version is targeted to achieve specific energy consumption of less than 13.33 kWh/kg Al; with the average yield per pot expected to be 3.4 tonnes/day. The anode effect frequency is very low but, more importantly, the average duration is less than 10 seconds (a world benchmark for lowering PFC emissions). Importantly, DX+ Technology has been specified for the 444-cell potline of EMAL Phase II, currently under construction, and its installation will enjoy support from DUBAL of similar scope and scale.
In December 2012, Aluminium Bahrain ("Alba') announced that it had selected DX+ Technology for its Line 6 Bankable Feasibility Study. The study aims to determine the viability of Alba's sixth potline expansion project, which is expected to boost Alba's annual production capacity by approximately 400,000 tonnes of aluminium per year.
Kalban also reported to the DUBAL Board on the progress of the company's investment projects. The most notable of these is EMAL in the Al Taweelah area of Abu Dhabi, a joint venture in which DUBAL is a 50% shareholder with Mubadala Development Company. Commissioning of all 756 reduction cells in EMAL Phase I was completed in record time by the end of 2010, enabling the plant to operate at its full capacity from 2011 onwards. An upgrade of the rectifier transformers in EMAL's first two potlines during 2012 facilitated an increase in operating amperage and consequent capacity growth to 800,000 tonnes per year. In terms of its contractual duties, DUBAL marketed and sold 780,000 tonnes of EMAL metal across the world during 2012. EMAL Phase II was announced in July 2011. A new 444-cell potline is being built which, together with a technology upgrade of the existing cells, will increase EMAL's annual production capacity to 1.3 m tonnes by the end of 2014. DUBAL DX Technology has been licensed to and installed at EMAL Phase I; while DX+ Technology has been specified for EMAL Phase II.
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / 4C. AME Info FZ LLC / 4C is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.