Latest news with #ITOCHUCorporation
Zawya
4 days ago
- Business
- Zawya
EGA to deliver first-ever CelestiAL-R billets to Japanese manufacturer
Emirates Global Aluminium, the largest industrial company in the United Arab Emirates and the world's biggest 'premium aluminium' producer, today announced an agreement to supply of CelestiAL-R billets to Sankyo Tateyama, the leading Japanese manufacture of aluminium components for architectural and industrial applications through our strategic partner ITOCHU Corporation. CelestiAL-R is the world's first combination of aluminium produced with solar power and scrap metal, significantly reducing greenhouse gas emissions. The introduction of CelestiAL-R billets allows EGA to meet further demand for low-carbon aluminium in extrusion and forging applications. Previously, EGA only produced CelestiAL-R foundry alloys which are ideal for re-melting applications. Demand for low-carbon aluminium is rising in Japan as industries seek to reduce their carbon footprint in line with national net-zero targets. EGA and ITOCHU supplies aluminium ingot and billet to Sankyo Tateyama, and in 2024 started to supply CelestiAL, which is solar power generated aluminium. EGA is able to produce CelestiAL-R to customer specifications due to the high quality of EGA's primary aluminium, the rigorous selection of scrap metal, and the flexibility of EGA's Casthouses. Abdulnasser Bin Kalban, Chief Executive Officer of Emirates Global Aluminium, said: 'Our first production of CelestiAL-R billets is a step forward in expanding the portfolio of our most sustainable aluminium products. At EGA, we focus on innovation and flexibility in delivering the highest quality, low-carbon aluminium to meet specific customer needs. We value our long-standing partnership with Sankyo Tateyama and thank them for their continued trust in EGA.' Shozo Hirano, President of Sankyo Tateyama, said: 'Reducing Scope 3 CO2 emissions from aluminium raw material is a major challenge in achieving carbon neutral. By using CelestiAL-R in addition to CelestiAL, which is supplied by our long time partners EGA and ITOCHU Corporation, we aim to contribute to sustainable and affluent life.' Scrap for CelestiAL-R is a mix of post-consumer and pre-consumer industrial scrap. All scrap arriving at EGA is tested against 40 different chemical and other property requirements.
Zawya
5 days ago
- Business
- Zawya
EGA to deliver first-ever CelestiAL-R billets to leading Japanese manufacturer Sankyo Tateyama
Abu Dhabi, United Arab Emirates: Emirates Global Aluminium, the largest industrial company in the United Arab Emirates and the world's biggest 'premium aluminium' producer, today announced an agreement to supply of CelestiAL-R billets to Sankyo Tateyama, the leading Japanese manufacture of aluminium components for architectural and industrial applications through our strategic partner ITOCHU Corporation. CelestiAL-R is the world's first combination of aluminium produced with solar power and scrap metal, significantly reducing greenhouse gas emissions. The introduction of CelestiAL-R billets allows EGA to meet further demand for low-carbon aluminium in extrusion and forging applications. Previously, EGA only produced CelestiAL-R foundry alloys which are ideal for re-melting applications. Demand for low-carbon aluminium is rising in Japan as industries seek to reduce their carbon footprint in line with national net-zero targets. EGA and ITOCHU supplies aluminium ingot and billet to Sankyo Tateyama, and in 2024 started to supply CelestiAL, which is solar power generated aluminium. EGA is able to produce CelestiAL-R to customer specifications due to the high quality of EGA's primary aluminium, the rigorous selection of scrap metal, and the flexibility of EGA's Casthouses. Abdulnasser Bin Kalban, Chief Executive Officer of Emirates Global Aluminium, said: 'Our first production of CelestiAL-R billets is a step forward in expanding the portfolio of our most sustainable aluminium products. At EGA, we focus on innovation and flexibility in delivering the highest quality, low-carbon aluminium to meet specific customer needs. We value our long-standing partnership with Sankyo Tateyama and thank them for their continued trust in EGA.' Shozo Hirano, President of Sankyo Tateyama, said: 'Reducing Scope 3 CO2 emissions from aluminium raw material is a major challenge in achieving carbon neutral. By using CelestiAL-R in addition to CelestiAL, which is supplied by our long time partners EGA and ITOCHU Corporation, we aim to contribute to sustainable and affluent life.' Scrap for CelestiAL-R is a mix of post-consumer and pre-consumer industrial scrap. All scrap arriving at EGA is tested against 40 different chemical and other property requirements.
Al Etihad
12-05-2025
- Business
- Al Etihad
ADIO and ITOCHU Corporation partner to scale investments into Abu Dhabi's high-growth economy
12 May 2025 10:09 ABU DHABI (ALETIHAD)Abu Dhabi Investment Office (ADIO) and ITOCHU Corporation (ITOCHU), one of Japan's most prominent trading and investment firms, have entered a strategic agreement to support the expansion of ITOCHU's portfolio companies into Abu during the Abu Dhabi Investment Forum (ADIF) in Tokyo, the partnership aims to facilitate the market entry and scale-up of ITOCHU's portfolio companies in Abu Dhabi's priority sectors, including advanced manufacturing, agri-tech, clean and renewable energy, healthcare, information and communications technology (ICT), and logistics. The collaboration will also identify opportunities for co-investment and the joint ventures with Abu Dhabi investors that drive innovation and sustainable economic growth across the portfolio companies will benefit from tailored, end-to-end support by ADIO to establish and expand their operations in Abu Dhabi. In parallel, the collaboration will foster knowledge exchange initiatives and capacity-building programmes designed to accelerate the development of Emirati talent and resilient value chains across the emirate's priority agreement builds on ITOCHU's growing role in advancing industrial innovation and supporting the UAE Net Zero 2050 strategic initiative. In 2023, the company partnered with EMSTEEL Group and AD Ports Group to enter into a feasibility study for an integrated low-carbon iron supply chain in Abu Dhabi, reinforcing the emirate's leadership in sustainable industrial Al Olama, Director General, ADIO said, "Our collaboration with ITOCHU reflects the confidence of investors in Abu Dhabi as ambition for a global platform for growth. We are connecting ambitious Japanese investors with opportunities emerging across Abu Dhabi's priority sectors. More broadly, this partnership bolsters the strength of cooperation between Japan and Abu Dhabi's private sectors, transforming alignment into action for long-term partnership."Kenji Otsuka, CEO for Middle East Bloc, ITOCHU Corporation, said, "Abu Dhabi presents a compelling platform for expansion, combining progressive regulations, advanced manufacturing and a clear vision for sustainable economic development. Through this partnership, we aim to support our portfolio companies in capturing the opportunities Abu Dhabi offers across critical sectors while enabling ITOCHU to deliver tangible growth for our partners and contribute to the success of Abu Dhabi's economic transformation." The partnership reflects the ADIF's critical role in facilitating strategic collaboration and economic development. By convening global leaders, investors and family offices, the fourm provides a platform for the formation of impactful partnerships that foster innovation, strengthen economic ties and create mutually beneficial opportunities that support long-term growth. Aligning global investment with strategic priorities across innovation and advanced industries, the ADIO–ITOCHU partnership is set to play a pivotal role in accelerating the emirate's economic diversification and growth.
