Talex signs Abu Dhabi extrusion deal
Taweelah Extrusion Company (Talex) has signed a long-term ground development lease with the Khalifa Industrial Zone Abu Dhabi (Kizad).
Talex will join Emirates Aluminium (Emal) among the cluster of aluminum companies within the zone.
The AED735M ($200M) investment was signed earlier this week in Abu Dhabi by Mr Khaled Salmeen, Executive Vice President of Industrial Zones, ADPC, and Mr Jamal Salem Al Dhaheri, Chairman of Talex.
The agreement has secured Talex more than 200000m² of land in one of the world’s largest industrial zones. Talex is a joint venture partnership between ADBIC, Abu Dhabi Basic Industries Corporation, and Gulf Extrusions and is planning to commence operations in Kizad in Q4 2013 to produce high-end extrusion products for specific needs of automotive markets.
Talex will directly benefit from Emal, providing the aluminium in molten form via the ‘Hot Metal Road’ allowing it to provide its customers with automotive products
The ‘Hot Metal Road’ in its master plan enables the transportation of aluminium from smelters to midstream and downstream manufacturers in molten form, reducing costs and environmental impacts saving enough energy to power 160 000 homes.
Anchored by Emal’s smelter the production of downstream products within the agreement will be through vertical integration which provides seamless operations from upstream to downstream producers.
End products will include transportation and industrial materials, electrical and solar equipment, road furniture, and architectural materials.