
After steel, aluminum occupies pride of place as the second largest metal to be widely used everywhere. China fuels the demand for aluminum, its expected consumption to reach 36% of the world's aluminum production. Aluminum is also contemplated as a substitute for steel in automobiles to make them lighter and more fuel efficient, helping in reduction of CO2 emissions. Aluminum will also see an increased consumption, substituting zinc and copper. In this backdrop, UC Rusal, the world's largest producer of aluminum is all set to expand and consolidate its number one position.
United Company Rusal or UC Rusal as it is popularly known, was formed in 2007 through a merger of Rusal, the alumina assets of Swiss Glencore and SUAL. The original RUSAL shareholders have a 66% share, Glencore holds 12 % and SUAL has 22% in UC Rusal. It produces 3.9 million tons of aluminum and 10.6 million tons of alumina per annum, employing over 100000 people spread in operations across 17 countries. It has headquarters in Moscow, Russia and accounts for 11% of the world's aluminum production and 13% of the world's production of alumina. It has operations in 19 countries spread across 5 continents. Its financial operations are operated from Jersey in the US. It owns bauxite mines, aluminum smelters, alumina refineries, casting units, foil mills and aluminum packaging material production units.
According to the company, it will continue its efforts at maintaining leadership in the aluminum industry with a strong focus on R&D and creating environment friendly technologies. It works to consistently modernize production units and implement new projects that are in line with international HSE norms. It has rich resources in the shape of a background in energy and metals with a strong technical team at the core to pursue its aims in furthering growth in its designated areas of business related to energy and aluminum.
It can be said to be a responsibly led company, playing an active role in promoting industrial growth and development of nations by establishing core manufacturing units that generate employment and improve infrastructure leading to an overall prosperity of the region.
In the words of the company : "We aim to be a source of pride for our employees and their children, and for the local communities living near the operations of UC RUSAL. This is a vital principle as we continue to expand the geographic diversity of our company in the near future."
From a small beginning in the year 2000 when Sibirsky Aluminiy and Millhouse Capital formed JSC Rusal to manage the aluminum and alumina assets jointly controlled by them, today, they are a global conglomerate and industry leaders setting trends that others emulate and follow. Down the years it has acquired key aluminum manufacturing units, mines and alumina producers to further consolidate and strengthen its position. Its corporate code of ethics is something to admire and adopt. Giving employees their due and caring for their well being does contribute to an organization's growth and profitability is amply provide by their policies in this regard.