Dubai Aluminum Company headed in UAE posted YoY higher sales and profits in 2011 annual financial accounts. The sales increased by 15% to AED 9.9 billion while the operating profit to sales rate upped by one percentage point to 26%.
Primary aluminum production was 1.015 million tonnes which slightly increased from the previous year while maintained above 1 million tonnes. Annual output of casted products was 1.05 million tonnes, slightly increasing YoY and representing above 1 million tonnes for three years in a row.
The sales volume increased by 2% to 1.033 million tonnes and hit the record volume. An executive officer of DUBAL told Japan Metal Bulletin in Dubai, UAE. Emirates Alumin achieved 748,000 tonnes of output and sales volume in 2011, 2.5 times of the previous year.
EMAL is a 50:50 JV between DUBAL and a governmental investment company of Abu Dhabi. EMAL reached full operation at the end of 2010 and kept full production through a year of 2011. EMAL's financial results are not disclosed. EMAL supplies the products to about 300 customers in 36 countries. The sales to Japanese customers increased by 33% to 267,115 tonnes in 2011 from 2010. DUBAL accounted for 175,525 tonnes and EMAL 91,590 tonnes.
Both of DUBAL and EMAL currently continue full operations. Their annual output and sales volumes are expected to keep the level as high as in 2011 though both companies don't disclose their sales plans in 2012. The sales to Japanese customers are expected to increase mainly for high value added products including billet casting alloy and high purity ingot.
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