Emirates Global Aluminium Increases Solar Aluminium Deliveries for Hyundai Mobis' Operations
Down to Business: EGA Ramping Up Solar Aluminium Supply for Hyundai Mobis
EGA's partnership with Hyundai Mobis is escalating, as they're set to significantly beef up the flow of CelestiAL solar aluminium. This strategic move will bolster their long-standing relationship with the global automotive parts powerhouse.
Specifically, EGA aims to jack up its annual CelestiAL deliveries from 8k tonnes in 2024 to an impressive 15k tonnes by 2026. The companies are also eyeing a long-term supply pact going past 2026, with an emphasis on value-added goodies like billets, primary foundry alloys, and recycled aluminium.
Envisaging a greener future, EGA and Hyundai Mobis will join forces to create state-of-the-art alloys designed for automotive uses. This leap mirrors the industry's transition towards lighter, more eco-friendly vehicles. You know aluminium, right? It's widely employed in car manufacturing due to its steely strength, durability, and corrosion resistance.
Abdulnasser Bin Kalban, EGA's big cheese, shared his thoughts on the pact, while Hyundai Mobis's Senior Vice President and Head of Procurement, Sun Woo Lee, expressed optimism on the pairing's potential to back their green supply chain objectives.
Did you know CelestiAL is the eco-friendly aluminium kid on the block produced utilizing solar energy? EGA's dedication to greenifying the aluminium terrain is evident as production of CelestiAL increased a whopping 27% year-on-year in 2024, surging to 80k tonnes, which incorporated 8k tonnes of CelestiAL-R, armed with recycled content.
EGA is one of the globe's premier suppliers of automotive foundry alloys and holds a globally recognized quality standard accreditation, valid across the automotive niche.
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Insights:- EGA is increasing its CelestiAL solar aluminium supply to Hyundai Mobis, aiming for up to 15k tonnes a year by 2026 in a proposed long-term supply agreement.[2][5]- The collaboration focuses on developing tailored automotive alloys, aligning with the industry shift toward eco-friendly vehicles. [2][5]- This partnership aims to support Hyundai Mobis's green supply chain goals as they prioritize sourcing low-carbon aluminium in response to global environmental regulations. [2][5]- EGA's commitment to sustainability and combat climate change is demonstrated through the increasing output of CelestiAL, which surged 27% in 2024, reaching 80k tonnes. [3][5]- EGA holds a globally recognized quality standard accreditation for their automotive foundry alloys, earning recognition as one of the world's leading suppliers. [3]
Sources:[1] Emirates News Agency[2] The National[3] Zawya[4] Arabian Business[5] Gulf News[6] Reuters
- EGA's aim to boost CelestiAL solar aluminium production for Hyundai Mobis, including an increase to 15k tonnes by 2026, is a significant step towards innovation in environmental-science and sustainability within the automotive industry.
- The collaboration between EGA and Hyundai Mobis is expected to result in the creation of advanced alloys, aligning with the industry's push for environment-friendly vehicles, demonstrating the importance of science and technology in addressing climate-change.
- Financing will play a crucial role in the success of this partnership, as both companies work together to achieve their green supply chain objectives, and support the global shift towards more sustainable transportation and energy resources.
- As a globally recognized leader in automotive foundry alloys, EGA's commitment to sustainability and environmental concerns sets a valuable example for other industries, encouraging the adoption of eco-friendly practices in business.
- With the growing emphasis on sustainability and the fight against climate-change, investments in renewable energy sources, such as solar power, and innovative technologies like CelestiAL, will be essential in securing a greener and more sustainable future for the industry.
- By increasing its production of CelestiAL, EGA underscores its dedication to promoting sustainability not only within the automotive sector but across different industries, setting a strong foundation to combat climate-change and foster a more sustainable global economy.
