unused-capacity-puts-rusal-in-strong-position-says-deputy-ceo

Unused capacity puts Rusal in strong position, says deputy CEO

Artem Volynets says the Russian aluminium company has 700,000 tonnes of spare capacity and is seeking project financing to restart construction of two projects that may add another 1 million tonnes.
 Artem Volynets
Artem Volynets

United Company Rusal, the Russian aluminium company currently in the process of listing in Hong Kong, says it is in a strong position to benefit from economic recovery and the resultant pickup in demand for aluminium as it has a lot of additional production capacity that can be put to work.

Based on its full aluminium production capacity of 4.6 million tonnes and a 2009 production of 3.9 million tonnes, the company can add close to 700,000 tonnes this year to meet growing demand, deputy CEO Artem Volynets told FinanceAsia in an interview yesterday. And its excess capacity of alumina -- an intermediate product from which aluminium is made -- is an even greater...

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