Aluminium-dependent companies to smile as ALSCON returns

Nigerian companies that use aluminium as raw material can now heave a sigh of relief as UC RUSAL, the world¡¯s largest aluminium and alumina producer has announced the start of domestic sale of aluminium produced at its Nigerian smelter ¨C the Aluminium Smelter Company of Nigeria (ALSCON) in Akwa Ibom State .
To date, the total volume of contracts with local customers for ALSCON aluminium amounts to about 1000 tonnes, UC RUSAL disclosed to Business Day.

Once the smelter reaches its full capacity, it will create 1,900 local jobs and 90 per cent 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. 
The terms of the deal include the dredging of the Imo River necessary to create the transport infrastructure. RUSAL plans to allocate more than USD 150 million over three years to refurbish ALSCON and turn it into a state-of-the art facility.
Said Terentyev, ¡°As a signatory of the UN Global Compact, we are committed to maintaining the best standards of environment and quality management. We also regularly meet with community leaders and other companies present in Akwa Ibom to jointly work out ways to improve the economic and social situation in the town of Ikot Abasi , home to ALSCON.¡±

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