19.04.2023 (Aluminium Association)
Moscow, 19 April 2023. The Annual General Meeting of the members of the Association of Aluminium Producers, Suppliers and Consumers (Aluminium Association) was held. The event was held in a face-to-face format with the opportunity to watch it live.
During the General Meeting, a report on the work of the Aluminium Association for 2022 was presented, including projects aimed at expanding aluminium consumption in various sectors of the economy, and the main trends in the industry's development in the current situation were reviewed. The strategic session with the participation of representatives of the Association's member companies discussed current market issues, promising areas for the sale of aluminium products, as well as plans to invest in new production facilities.
As noted in the General Meeting, aluminium production capacity is 1.8 million tonnes of primary and secondary metal and is 80% utilised. The Aluminium Association, RUSAL and other industry players are making efforts to develop demand for aluminium products and high value-added capacities in rolled products, extrusion and casting.
At the same time, the aluminium products market shrank by almost a quarter at the end of 2022. Among the main challenges faced by the domestic aluminium industry are logistical constraints, reorientation of transport flows, and the slowdown of a number of infrastructure projects. A gradual recovery in production has been seen since mid-summer last year, and it will take three to four years for the industry to return to 2021 levels.
"There are now examples of the situation improving and partial recovery of production. We expect that the industry could return to growth as early as this year. The potential for long-term growth in consump-tion of aluminium products remains in all market segments. But the industry needs comprehensive support that will ensure its stable development," said Irina Kazovskaya.
Speaking at the meeting, the representatives of the Aluminium Association reported on the work on the main areas of its development strategy: stimulating aluminium consumption in the domestic market, implementing the standardisation programme, promoting import substitution of semi-finished and finished products, supporting exports and international relations, combating counterfeiting and counterfeiting, improving the environmental friendliness of production facilities and materials, as well as product quality, and training highly qualified personnel for aluminium-consuming industries.
The meeting participants made a number of organisational decisions, including the inclusion of four new members into the Association - TBM LLC, AVISMA LLC, South-West Trading Company LLC and Lyudinovokabel JSC. Thus, to date, the Aluminium Association has 129 member companies and organisations. According to the voting results, Irina Kazovskaya was elected Chairman of the Aluminium Association.