Latest news with #In-CountryValue
Gulf Today
4 days ago
- Automotive
- Gulf Today
EGA signs deal to increase its solar aluminium supply to Hyundai Mobis
Emirates Global Aluminium (EGA) today announced an agreement to increase its CelestiAL solar aluminium supply to Hyundai Mobis, the global automotive parts maker. The agreement is an extension of an existing supply agreement with Hyundai Mobis. EGA began supplying aluminium to Hyundai Mobis in 2015. Under the new agreement, the volume of CelestiAL supplied to Hyundai Mobis will increase from eight thousand this year to up to 15 thousand tonnes per year by 2026. EGA and Mobis will explore a long-term agreement beyond 2026 to supply value-added products, including billets, primary foundry alloys and recycled aluminium. EGA and Hyundai Mobis will also collaborate to innovate exclusive new alloys for automotive applications. Aluminium is a key metal for the automotive industry due to its lightweight, strength, and corrosion resistance properties. EGA is one of the largest suppliers of foundry alloys to the automotive industry worldwide. Abdulnasser Bin Kalban, Chief Executive Officer of Emirates Global Aluminium, said, 'At EGA, we remain committed to innovation in delivering the highest quality, low-carbon aluminium to our customers. We value our successful partnership with Hyundai Mobis and look forward to building on this collaboration in the years ahead. We appreciate their continued trust in EGA and our world-first CelestiAL solar aluminium.' Sun Woo Lee, Senior Vice President, Head of Procurement of Hyundai Mobis, said, 'With a partnership with EGA, we will proactively respond to global environmental regulations by establishing a green supply chain using low carbon aluminium.' In 2024, production of CelestiAL solar aluminium grew by 27 per cent to 80 thousand tonnes, including eight thousand tonnes of CelestiAL-R further sweetened with recycled content. EGA is certified to the global standard established by the automotive industry which aims to ensure even more rigorous quality management in the global automotive supply chain. Earlier last week Adnoc and Emirates Global Aluminium (EGA) announced a five-year supply agreement for up to 1.5 million tonnes of calcined petroleum coke (petcoke), a key raw material used in aluminium production. The agreement, valued at $500 million (Dhs1.84 billion), was signed during the 'Make it in the Emirates' event currently taking place in Abu Dhabi, underscoring Adnoc's commitment to supporting the UAE's industrial growth and enhancing local supply chains. Through the agreement, Adnoc Refining will supply at least 30 per cent of EGA's calcined petcoke requirements from the Ruwais Refinery over the next five years, strengthening the UAE's role as a global aluminium supplier by reducing its reliance on imports and fostering local industrial capabilities. The agreement with EGA - the largest industrial company in the UAE outside the energy sector - supports Adnoc's successful In-Country Value (ICV) Programme by promoting economic diversification in the UAE and supplying critical manufacturing materials to advanced industries. The signing of the agreement was witnessed by Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and Adnoc Managing Director and Group CEO, and Abdulla Kalban, Managing Director of EGA. It was signed by Khaled Salmeen, Adnoc Downstream CEO, and Abdulnasser Bin Kalban, CEO of EGA. Salmeen said, 'This strategic agreement with EGA exemplifies Adnoc's commitment to driving the 'Make it in the Emirates' initiative and the UAE's industrial base. By supplying this critical raw material for aluminium production from our Ruwais Refinery, we are strengthening domestic supply chains, reducing reliance on imports and enabling growth in one of the nation's most vital industrial sectors. 'Through our ICV Programme, we will continue to create more opportunities to enhance local manufacturing and industrial growth.' As the world's largest 'premium aluminum' producer, EGA continues to lead the UAE's industrial diversification, with its products comprising the UAE's largest made-in-the-UAE export after energy. The agreement between Adnoc and EGA will play a critical role in driving continued economic growth and ensuring the further development of the aluminium sector in the UAE. Bin Kalban stated, 'EGA has been a pioneer of industrialisation and economic diversification for decades, and today we are a champion of 'Make it in the Emirates' through our local procurement, metal supply to UAE industry and our record Emiratisation. This agreement with Adnoc enables us to secure a significant proportion of a key raw material locally, further increasing our economic impact in the UAE.' The 1.5 million tonnes of calcined petcoke will enable EGA to produce around 3.75 million mt of aluminium over the five-year term of the agreement - approximately equal to the annual consumption of Germany. In 2024, EGA's direct, indirect and induced economic contributions to the local economy reached $6.4 billion (Dhs23.49 billion), accounting for 1.3 per cent of the UAE's GDP and supporting more than 52,000 jobs.
Fibre2Fashion
6 days ago
- Business
- Fibre2Fashion
ADNOC & partners to invest $817 mn in UAE manufacturing sites
ADNOC announced that its partners across its supply chain commit to invest AED3 billion ($817 million) in manufacturing facilities across the UAE. The announcement was made at the 'Make it in the Emirates' forum currently underway in Abu Dhabi. ADNOC and its partners will invest AED3 billion (~$817 million) in UAE manufacturing facilities, creating 3,500+ skilled jobs. Backed by ADNOC's ICV program, the projects support the 'Make it in the Emirates' initiative and include sites across major industrial zones. The move aligns with ADNOC's plan to locally produce AED90 billion (~$24.52 billion) in goods by 2030. The facilities are located across Industrial City of Abu Dhabi (ICAD), Khalifa Economic Zones Abu Dhabi (KEZAD), Dubai Industrial Park, Jebel Ali Free Zone (JAFZA), Sharjah Airport International Free Zone (SAIF Zone) and Umm Al Quwain. They will create more than 3,500 highly skilled private sector jobs and manufacture a wide range of industrial products including pressure vessels, pipe coatings and fasteners. The facilities have been enabled by commercial agreements ADNOC signed with the companies under its In-Country Value (ICV) program. The ICV program is providing a platform for businesses to capitalize on ADNOC's diverse commercial opportunities as it delivers on its plan to locally manufacture AED90 billion ($24.5 billion) worth of products in its procurement pipeline by 2030. Yaser Saeed Almazrouei, ADNOC Executive Director, People, Commercial and Corporate Support, said: 'We welcome our partners' commitment to advancing local manufacturing through their investments in these state-of-the-art facilities which will strengthen the UAE's industrial base and create highly skilled private sector jobs. These investments reflect ADNOC's ongoing drive to support the 'Make it in the Emirates' initiative and localize strategic industrial capabilities through our In-Country Value program. We look forward to working with our partners to ensure business continuity and unlock further opportunities for sustainable growth and economic diversification.' The facilities include newly operational sites, major expansions and investment commitments. The state-of-the art facilities are aligned with ADNOC's current and future procurement requirements, underscoring its support for the 'Make it in the Emirates' initiative. The announcement builds on the success of ADNOC's ICV program, which has driven AED242 billion back into the UAE economy and enabled 17,000 jobs for UAE Nationals in the private sector since 2018. Manufacturers, small and medium-sized enterprises (SMEs) and entrepreneurs are encouraged to explore the 'Make it with ADNOC' app, which provides businesses with visibility into the products ADNOC plans to purchase, offering a more streamlined and integrated procurement process. Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged. Fibre2Fashion News Desk (HU)
Gulf Today
24-05-2025
- Business
- Gulf Today
Hamdan Bin Zayed visits Adnoc's strategic facilities in Jebel Dhanna
Sheikh Hamdan Bin Zayed Al Nahyan, Ruler's Representative in Al Dhafra Region, visited key Adnoc facilities in Jebel Dhanna on Saturday, including the site of Adnoc's new underground salt dome storage project. During the visit, Sheikh Hamdan Bin Zayed was briefed on Adnoc's ongoing strategic initiatives to enhance the UAE's energy security and storage capabilities. The salt dome development, a pioneering project in the region, will provide Adnoc with advanced hydrocarbon storage infrastructure, supporting the flexibility and resilience of the nation's energy supply chain. Sheikh Hamdan Bin Zayed commended Adnoc's continued commitment to sustainable growth, technological innovation, and national development, particularly in the Al Dhafra region. He also praised the dedication of Adnoc's workforce and their role in reinforcing the UAE's position as a responsible and reliable global energy provider. Accompanied by a high-level delegation of dignitaries and senior government officials, His Highness was welcomed by Dr Sultan Bin Ahmed Al Jaber, Minister of Industry and Advanced Technology and Adnoc Managing Director and Group CEO. Dr Sultan Al Jaber said, 'We are honoured by the visit of Sheikh Hamdan Bin Zayed Al Nahyan to our facilities in Jebel Dhanna. His presence reflects the strategic importance of this location and ADNOC's role in building future-ready infrastructure that supports the UAE's long-term economic and energy goals.' The visit underscores ADNOC's alignment with the UAE leadership's vision to build a diversified and sustainable economy powered by advanced industrial capabilities and world-class energy solutions. Sheikh Hamdan Bin Zayed was accompanied by Nasser Mohammed Al Mansouri, Undersecretary of the Ruler's Representative Court in Al Dhafra Region, and a number of senior officials. Separately, Adnoc announced at the Make it in the Emirates forum, which concluded recently, the award of contracts valued at Dhs543 million ($147.8 million) to nine of its suppliers for locally made industrial products to be used across its value chain. The agreements were enabled by Adnoc's In-Country Value (ICV) programme and span a diverse range of products. These include personal protective equipment (PPE), chemicals for drilling and production, valves, biodiesel and corrosion inhibitors. The agreements will strengthen the resilience of Adnoc's supply chain, reduce reliance on imports and create more private sector jobs for Emiratis. Adnoc's ICV programme is providing a platform for businesses to capitalise on its diverse commercial opportunities as it delivers on its plan to locally manufacture Dhs90 billion ($24.5 billion) worth of products in its procurement pipeline by 2030. Yaser Saeed Almazrouei, Adnoc Executive Director, People, Commercial and Corporate Support, said, 'Through these long-term contracts for made-in-the-UAE products, we are turning our business demand for critical industrial products into tangible opportunities that empower manufacturers in the UAE to grow and compete. These awards highlight the attractive commercial opportunities ADNOC is creating for businesses that are ready to 'Make it in the Emirates'.' Al Ghaith Industries, Union Chlorine LLC, C1 Water Industries LLC, RAK CHEM Industries and EMOCHEM are among the manufacturers awarded supplier contracts. The contracts build on the success of ADNOC's ICV programme, which has driven AED242 billion back into the UAE economy and enabled jobs for 17,000 Emiratis in the private sector since 2018. At 'Make it in the Emirates', which took place last week in Abu Dhabi as a premier gateway to invest in the UAE's industrial ecosystem, Adnoc has been detailing numerous commercial opportunities across its value chain. Manufacturers, small and medium-sized enterprises (SMEs) and entrepreneurs are encouraged to explore the 'Make it with Adnoc' app, which provides businesses with visibility into products Adnoc plans to purchase, offering a more streamlined and integrated procurement process. Meanwhile, Adnoc announced that its partners across its supply chain commit to invest Dhs3 billion ($817 million) in manufacturing facilities across the UAE. The announcement was made at the 'Make it in the Emirates' forum currently underway in Abu Dhabi. The facilities are located across Industrial City of Abu Dhabi (ICAD), Khalifa Economic Zones Abu Dhabi (KEZAD), Dubai Industrial Park, Jebel Ali Free Zone (JAFZA), Sharjah Airport International Free Zone (SAIF Zone) and Umm Al Qaiwain. They will create more than 3,500 highly skilled private sector jobs and manufacture a wide range of industrial products including pressure vessels, pipe coatings and fasteners. WAM
Gulf Today
23-05-2025
- Business
- Gulf Today
17,000 Job opportunities generated by Adnoc's ICV Programme for Emiratis
ADNOC announced that its In-Country Value (ICV) Programme has contributed to the creation of 17,000 job opportunities for Emirati talent in cooperation with its strategic partners in the private sector. This reflects the significant impact and positive results the programme has achieved since its launch in 2018. Eng. Salem Bafaraj, Vice President, In-Country Value and Industrial Development at ADNOC Group, stated during the fourth edition of Make it in the Emirates that ADNOC is focused on training and empowering Emirati talent, in line with the wise leadership's vision to invest in young national cadres, enhance their skills, and develop their capabilities. 'Today, we witnessed a strong turnout from qualified Emirati professionals, which reflects their enthusiasm and commitment to contributing to the energy and industrial sectors. Their eagerness to explore the job opportunities presented during the event is commendable.' He praised the positive engagement of participants and expressed his eagerness to continue supporting Emirati youth toward a promising professional future, in alignment with the leadership's vision of empowering national cadres across vital sectors. He emphasised that ADNOC is committed to enabling national talent to enter the workforce effectively, reaffirming the company's unwavering dedication to developing and empowering Emirati competencies, while contributing to industrial growth, economic diversification, and the creation of sustainable value for the UAE through the diversification of job opportunities and the acquisition of advanced and emerging skills.
Al Etihad
22-05-2025
- Business
- Al Etihad
ADNOC's suppliers commit to invest Dh3 billion in manufacturing facilities
22 May 2025 19:31 ABU DHABI (WAM)ADNOC announced on Thursday that its partners across its supply chain commit to invest Dh3 billion ($817 million) in manufacturing facilities across the announcement was made at the 'Make it in the Emirates' forum currently underway in Abu facilities are located across Industrial City of Abu Dhabi (ICAD), Khalifa Economic Zones Abu Dhabi (KEZAD), Dubai Industrial Park, Jebel Ali Free Zone (JAFZA), Sharjah Airport International Free Zone (SAIF Zone) and Umm Al will create more than 3,500 highly skilled private sector jobs and manufacture a wide range of industrial products, including pressure vessels, pipe coatings, and facilities have been enabled by commercial agreements ADNOC signed with the companies under its In-Country Value (ICV) ICV programme is providing a platform for businesses to capitalise on ADNOC's diverse commercial opportunities as it delivers on its plan to locally manufacture Dh90 billion ($24.5 billion) worth of products in its procurement pipeline by Executive Director, People, Commercial and Corporate Support, Yaser Saeed Almazrouei, said, 'We welcome our partners' commitment to advancing local manufacturing through their investments in these state-of-the-art facilities, which will strengthen the UAE's industrial base and create highly skilled private sector jobs. These investments reflect ADNOC's ongoing drive to support the 'Make it in the Emirates' initiative and localise strategic industrial capabilities through our In-Country Value programme. We look forward to working with our partners to ensure business continuity and unlock further opportunities for sustainable growth and economic diversification.'The facilities include newly operational sites, major expansions, and investment commitments. The state-of-the art facilities are aligned with ADNOC's current and future procurement requirements, underscoring its support for the 'Make it in the Emirates' announcement builds on the success of ADNOC's ICV programme, which has driven Dh242 billion back into the UAE economy and enabled 17,000 jobs for UAE Nationals in the private sector since 2018. Manufacturers, small and medium-sized enterprises (SMEs), and entrepreneurs are encouraged to explore the 'Make it with ADNOC' app, which provides businesses with visibility into the products ADNOC plans to purchase, offering a more streamlined and integrated procurement process.
