Brief: ALBA And Daiki Aluminium Intend To Form A JV ‘Alba-Daiki Sustainable Solutions

Daiki Aluminium Industry Co

04/11/2024 10:10

Nov 4 (Reuters) - ALUMINIUM BAHRAIN  ALBH.BH :
    * ALBA AND DAIKI ALUMINIUM INDUSTRY ANNOUNCE THEIR INTENTION
TO
FORM A JV ‘ALBA-DAIKI SUSTAINABLE SOLUTIONS (ADSS)
    * ADSS WILL ESTABLISH A SUSTAINABLE ALUMINIUM DROSS
PROCESSING
FACILITY IN BAHRAIN
    * ALBA WILL HOLD A 70% STAKE IN JOINT VENTURE AND DAIKI WILL
HAVE
REMAINING 30%
    * BOTH PARTNERS ARE TARGETING TO COMMENCE OPERATIONS BY
SEPTEMBER
2026

Source text:  ID:nBHB7pND62 
Further company coverage:  ALBH.BH 

 ((Reuters.Briefs@thomsonreuters.com;))