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Central European Aluminum Company (CEAC)

/ Structure / Energy / Central European Aluminum Company (CEAC)
Description of activities:
CEAC, or Central European Aluminium Company, has run the largest industrial enterprise in Montenegro - the Kombinat Aluminijuma Podgorica (KAP) aluminum smelter - and the Rudnic Boxita Niksic bauxite mine, which supplies raw materials for the smelter, since 2005.

KAP is capable of producing more than 120,000 tonnes of primary aluminum per year. It accounts for more than 15% of Montenegro's GDP and over half the country's exports.

En + Group has invested more than $40 million in modernization and environmental programs at the smelter and mine since acquiring the assets.




News



29.07.2010

Vnesheсonombank approves project financing for the completion of the construction of the Boguchanskaya HPP and the first start-up complex of the Boguchansky Aluminium Smelter

UC RUSAL (HKSE: 486, Euronext: RUSAL/RUAL), the world's largest aluminium producer, announces that the Supervisory Board of Vnesheconombank has approved a financing package amounting to RUR 50 billion (about USD 1.7 billion) for RUSAL and RusHydro to complete the construction of the Boguchanskoye Energy and Metals Complex. 

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26.07.2010

UC RUSAL announces structural changes

The current Aluminium and Alumina divisions have each been split into Aluminium and Alumina East and West divisions respectively in line with the geographic location of production facilities and their core products and key markets. In addition, two new directorates have been established: the Commercial Directorate and the Production Development Directorate. All these divisions and directorates report to the first deputy CEO of UC RUSAL, Vladislav Soloviev.

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23.07.2010

RUSAL restarts Ewarton Alumina Refinery in Jamaica

UC RUSAL (SEHK: 486, EuroNext: RUSAL/RUAL), the world's largest aluminium producer, announces the restart of operations at its Ewarton Works in Jamaica.  The refinery is part of Windalco, which was mothballed in 2009 due to the global economic downturn. The total capacity of the Ewarton refinery is about 650,000 tonnes of alumina per year.  RUSAL plans to produce about 321,000 tonnes of alumina from the refinery by the end of this year. 

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