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اقتصاد سكاي نيوز عربية
Emirates Global Aluminum Buys 80% Eco Green
Emirates Global Aluminum announced the completion of its acquisition of 80% of the Italian company Eco Green, a specialist in aluminum recycling. This move aims to strengthen its global recycling capabilities and support the transition toward a more sustainable circular economy in Europe. Following the transaction, the company's recycled aluminum production capacity exceeded 400,000 tons per year, with a plan to increase this capacity by an additional 200,000 tons through ongoing expansion efforts. Europe is among the largest markets worldwide for recycled aluminum, after the United States and China. Eco Green owns two plants in Italy that specialize in aluminum scrap, serving over 60 customers across Europe. The company is currently expanding its facilities to boost production by 50%, with completion expected by December 2026. This step aligns with the company's strategy to reinforce its leadership in the recycling industry and reduce the carbon footprint of aluminum manufacturing globally.
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