Paris-headquartered Alvance Aluminum Group, under the aegis of GFG Alliance, plans to ramp up production and strengthen its supply chain through vertical integration. The move could help the company effectively reduce the impact of price fluctuations, Alvance CEO, Arnaud de Weert announced at the CRU World Aluminum Conference on Monday.
In the next three years, the company plans to expand its primary aluminium annual production capacity to 1mn mt from the present 332,000mt. It does not have alumina processing and bauxite mining operations but intends to foray into these areas and is currently negotiating with eligible companies.
The company’s businesses cover steel, aluminum, infrastructure, and other allied fields. Alvance CEO also states the company is seeking to acquire green energy projects to meet its carbon neutrality goal by 2030.
Last year, Alvance acquired the Belgian Duffel aluminum plant from Novelis, known to produce automotive products.