Growth Of Foil-Rolling Production Of RUSAL UC In 1Q, 2008, By Over 1

GROWTH OF FOIL-ROLLING PRODUCTION OF RUSAL UC IN 1Q, 2008, BY OVER 18% HAS BECOME RESULT OF PLANNED ACHIEVEMENT OF DESIGN CAPACITY BY ARMENAL PLANT

arminfo
2008-04-16 12:43:00

ArmInfo. Growth of foil-rolling production of RUSAL UC in 1Q, 2008,
by over 18% has become a result of planned achievement of design
capacity by ARMENAL plant, the press release of RUSAL reads.

According to the Company data, mining of grew by 13,1% to 4 537 288
tons as compared with 1Q, 2007. The volume of alumina production
increased by 3,5% to 2 837 030 tons as compared with the similar
period, 2007. Aluminum production grew by 9,4% to 1 096 236 tons,
that has become a reason of achievement of full design capacity by
Khakas aluminum plant. Output of cast production with high added
value grew by 17,8%, and its share made up 52% of the total volume
of aluminum production. Growth of foil-rolling production made up
18,4%. The total investments in 1Q, 2008, reached about $457 mln,
among which the investments for expansion, reconstruction, upgrading
and re-equipment of the active enterprises made up about $235 mln.

Commenting on the results of the Company’s activity in 1Q, Director
General of RUSAL Alexander Bulygin said: "Stable growth on all the
production indicators, reached during three months, 2007, is the
best proof of successful integration with the frames of the united
company, created a year ago. Having assured and tightened the position
of the biggest producer of aluminum and alumina in the world, we
prepared a good basis for beginning of implementation of a strategy
of diversification and turning our company into one of the leaders
of the world mining industry".