Following multi-million-dollar investments in Rotterdam and Arkansas in 2023, Almatis now solidifies its global reach by expanding its presence in China.
Driven by an escalating demand for its calcined aluminas in the region, Almatis takes decisive action by constructing a state-of-the-art production facility to meet and exceed customer expectations.
Almatis’ doubled calcined alumina production capacity will fuel economic advancement and industrial expansion in the Qingdao Economic and Technological Development Zone in China.
Almatis, an OYAK Group Company and world leading supplier of specialty alumina products and solutions, is investing in a new calcined alumina production facility in the Qingdao Economic and Technological Development Zone of China. This facility will double Almatis' production capacity in China, enhancing the company's competitiveness and market share in Asia.
During the visit of the representatives from Qingdao Economic and Technological Development Zone of China at the Almatis Head Office in Frankfurt on Tuesday, April 23, 2024, the two parties have signed a memorandum of understanding for the project that will greatly benefit both Almatis and the Qingdao Economic and Technological Development Zone of China.
The new facility will double Almatis' existing calcined alumina production capacity, facilitating growth in key markets such as semiconductor structural components, consumer electronics, thermal management devices, and electric vehicles. This groundbreaking project will take on supply chain challenges head on by procuring raw materials locally, responding to demand rapidly and adequately, and ensuring efficient and profitable operations.
A strategic move from Almatis
Construction of the new facility is scheduled to begin in the last quarter of 2024, with commissioning planned for early 2026. With the introduction of a new calcination furnace and grinding technology Almatis will expand its product portfolio to better service its customers’ increasing demands in technical ceramics, chip, and electric vehicle industries across the entire Asian region.
Contributing to the development of the Qingdao Economic and Technological Development Zone
The new calcined alumina facility will be in the Qingdao Economic and Technological Development Zone, where Almatis' existing facility is located since 1998. Planned to commence operations in early 2026 and doubling the company's production capacity, the new facility will increase Almatis' market share in the Asian region.
The investment will significantly contribute to the Qingdao Economic and Technological Development Zone. This new facility, boosting the region's economic growth and employment, will enhance the region's international competitiveness. Strengthening the region's industrial infrastructure Almatis investment will support the technological progress in the Qingdao Economic and Technological Development Zone.