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Alscon (Ikot Abasi)

Nigeria / Rivers / Opobo / Ikot Abasi
 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
Nearby cities:
Coordinates:   4°34'15"N   7°34'45"E

Comments

  • Abel (guest)
    Why is it that Nigeria has a kind of company that produces large quantity of products like Alluminium and the people in it still remain in the realm of poverty especially the home town where the ALSCON is being built. I need an answer.
  • Idongesit (guest)
    I think UC RUSAL ALSCON should have a better pay role for staff, pay off their contractors in time, pay up the supposed paid severance to those or staff awaiting in it and move about freely rather than going about with Nigerian army,navy and police to terrify the citizens of the community and cause disturbances and noice pollution too. I think growth above poverty level in this community will improved if all these tips are taken to consideration while a good bilateral relationship is established and maintained between the company and the people of the community.
  • Idongesit (guest)
    Secondly, Uc rusal alscon was to provide 1,900 job employments, but this is not the case. This issue should be given a second look and there will be a tremendous improvenent in the standard of living of the immediate community and neighbours.
  • Aniefiok
    Russian Mafia's Also known as RUSAL
  • aguyfromrussia
    A small remark - not "russian" but the Jews (zionists) on 110% linked with Putin. Basically this plant is known as place where the russian jews launder their money. One from multiple others. We in Russia afraid to go to Nigeria and to work there as after immitation of "work" the person is at least has zero chances to find normal jhob when it comnes back to Russia. I guess in russian government are more lovers of zion than in izrael!!!!!!!!! Thank you for understanding.
  • aguyfromrussia
    Dear Abel and Idongesit Friends I worked in Rusal in International department. Trust me - it has nothing about true normal production. All directors of Rusal are the JEWS not Russians. Many plants are artificially treat in bad mode. All behaviour with cheating contractors is made SPECIALLY!
  • peter carr (guest)
    Hi All at alscon this peter carr was working there in fleet shop auto bay
  • Show all comments
This article was last modified 13 years ago