RUSAL has launched a new foundry complex at BoAZ to produce high strength alloys for the automotive industry
Moscow, June 18, 2020 - RUSAL (SEHK: 486; Moscow Exchange: RUAL), a leading global aluminium producer, announces the commissioning of a new foundry complex at the Boguchansky aluminium smelter with a capacity of 120 thousand tonnes of alloys per year.
The new foundry by the Italian company Properzi will produce a qualitatively new product - high silicon aluminium alloy with increased strength, which is commonly used in the automotive industry for the manufacture of wheels, engine units and various spare parts. Demand for this product is strong in markets such as Japan, Indonesia, Turkey, South Korea, Germany, and the United States.
The new complex is fully automated, producing ingots through continuous casting technology which eliminates the formation of any slag inclusions and other defects inherent in traditional casting methods.
RUSAL have invested over 600 million rubles in the project.
"The new foundry complex at the Boguchansky aluminium smelter, the most modern enterprise in the industry, will significantly expand the VAP line. The new foundry will produce high quality alloys for the automotive industry, which are used in the manufacture of key automotive parts and units. As foreign markets recover, the demand for these products will continue to grow," said RUSAL’s CEO Evgenii Nikitin.