Alscon (Ikot Abasi)
Nigeria /
Rivers /
Opobo /
Ikot Abasi
World
/ Nigeria
/ Rivers
/ Opobo
World / Nigeria / Akwa Ibom
production, aluminium / aluminum
In February 2007 RUSAL closed a deal to acquire a majority stake in the Aluminium Smelter Company of Nigeria (ALSCON) in Akwa Ibom State, Nigeria.
According to the terms of the deal, RUSAL purchased a 77.5% block of shares in ALSCON, a 193,000-tonne smelter (reduction, anode-producing and casthouse areas), a port on the Imo River and a power-generating station. Germany's Ferrostaal AG and the Government of Nigeria remain minority shareholders with 7.5% and 15% blocks respectively.
ALSCON produced its first metal in 1997, but was never fully completed before it suspended production in 1999. Its output during the short period of operations totaled 40,000 tonnes of aluminium.
In 2000, the smelter was brought to a standstill with high production costs, inadequate gas supply, complicated marine access and lack of working capital cited as the main reasons. ALSCON was re-launched after the modernisation completed by UC RUSAL in February 2008.
Once the smelter reaches its full capacity, it will create 1,900 local jobs and 90% of the employees will be Nigerian citizens. Additionally, 20,000 jobs could be created in the downstream aluminium manufacturing sector and through the development of infrastructure around the smelter, resulting in a positive improvement in the standard of living for Akwa Ibom state residents.
www.rusal.ru/en/alscon_factory.aspx
According to the terms of the deal, RUSAL purchased a 77.5% block of shares in ALSCON, a 193,000-tonne smelter (reduction, anode-producing and casthouse areas), a port on the Imo River and a power-generating station. Germany's Ferrostaal AG and the Government of Nigeria remain minority shareholders with 7.5% and 15% blocks respectively.
ALSCON produced its first metal in 1997, but was never fully completed before it suspended production in 1999. Its output during the short period of operations totaled 40,000 tonnes of aluminium.
In 2000, the smelter was brought to a standstill with high production costs, inadequate gas supply, complicated marine access and lack of working capital cited as the main reasons. ALSCON was re-launched after the modernisation completed by UC RUSAL in February 2008.
Once the smelter reaches its full capacity, it will create 1,900 local jobs and 90% of the employees will be Nigerian citizens. Additionally, 20,000 jobs could be created in the downstream aluminium manufacturing sector and through the development of infrastructure around the smelter, resulting in a positive improvement in the standard of living for Akwa Ibom state residents.
www.rusal.ru/en/alscon_factory.aspx
Wikipedia article: http://en.wikipedia.org/wiki/United_Company_RUSAL
Nearby cities:
Coordinates: 4°34'15"N 7°34'45"E
- Abia Palm Oil Company Limited 46 km
- Nigeria LNG 51 km
- Notore Chmicals 54 km
- Eleme Petrochemicals Company 62 km
- Industrial Layout 67 km
- Brass LNG planned site 150 km
- EG LNG Train 1 151 km
- Marathon EG Production Ltd Gas Plant 152 km
- Opukushi oil field 208 km
- Pipelines and Products Marketing Company (PPMC) 235 km
- Iko 20 km
- Ataba 30 km
- Bonny Island 41 km
- Alesa 56 km
- Okrika 57 km
- Alakiri oilfield 58 km
- Cawthorne Channel oilfield 61 km
- Abuloma Town 63 km
- Orubiri oilfield 64 km
- Old PortHarcourt City 64 km
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