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Friday, April 19, 2024 23:57 GMT
Qatar Aluminum Manufacturing Company’s (Qamco) joint venture (JV) is currently evaluating a wide spectrum of potential capital expenditure (capex) primarily associated with risk minimization and ongoing sustainable operations. In its annual report, which was distributed during Qamco’s annual general meeting, the company said the JV’s capex included a major turbine overhaul, a swing rectiformer project and pot relining, which is part of the planned cyclical program, amounting to a total of QR116 million (US$32.168 million) for the 13-month financial period. “The company believes such projects are essential to maintaining its competitive position and to add value for shareholders. Planned projects include pot relining, turbine inspections, a baking furnace flue wall replacement, a swing rectiformer, a plan to enhance cybersecurity protocols and compliance with requirements set by Qatar’s Ministry of Environment in relation to chemical warehouse,” the report said.