RUSAL to invest approximately 190 million dollars to modernize the production of electrodes at SAZ smelter
Moscow, 5 June 2020 – RUSAL (SEHK: 486; Moscow Exchange: RUAL), a leading global aluminium producer, will invest approximately $190 million in modernizing the production of electrodes at its Sayanogorsk Aluminum Smelter (SAZ) between 2020 and 2023. In addition to the positive economic effect this investment will bring, the modernization program will also help reduce the smelter’s environmental impact.
The reconstruction of three anode-baking furnaces at SAZ will be carried out in line with the best eco-friendly technologies using equipment supplied by a German company, Riedhammer GmbH.
This project will significantly improve the quality of the anodes and the energy efficiency indicators. Moreover, the anode baking area will be equipped with the new digital systems, and the information on the operations of the three furnaces will be transmitted to a unified control panel.
"Today the Sayanogorsk Aluminium Smelter is one of RUSAL’s most modern and technologically advanced enterprises. In addition to increasing the energy efficiency of the smelter, the implementation of the project to modernize the production of electrodes will also contribute to reducing the impact of the plant on the environment. Moreover, upon completing the upgrade of the furnaces, SAZ will be able to increase the production of fired anodes for the Company's smelters to secure the supply of our own high quality raw materials," said RUSAL’s CEO Evgenii Nikitin.