The International Monetary Fund (IMF) recently revised the forecast growth for Turkey's economy up to 7.5% in 2011 - a ranking that bodes well for Turkey's industrial sector.
This is endorsed by the Commodities Research Unit (CRU), which has predicted 20% y-o-y growth in aluminium consumption in Turkey to 847kt in 2011 (2010: 705kt).
Dubai Aluminium Company Limited (Dubal) and Emirates Aluminium Company Limited (Emal) - the two primary aluminium smelters in the UAE that boast a combined production capacity of 1.8Mt/y - will exhibit jointly at Aluexpo, taking place in Istanbul, Turkey from October 13-16, 2011.
"Given the UAE's convenient geographic location, and the strong relationships already established within Turkey, we are confident we can play a growing role here," said Nasser Zainal, General Manager.
"We are particularly keen to grow our market share in the manufacturing and construction sectors.
Zainal added that, in 2012, the Dubal/Emal team expects 59% growth in demand for products from existing customers in Turkey compared to 2011 - forecast at 37kt from 24kt in 2010.
About 92% of Dubal’s annual production is exported globally, the company's key markets being Asia, Europe, the Middle East North Africa region and North America.
*Aluminium International Today is also exhibiting at Aluexpo 2011. Please visit us on our stand H10-F7.
