Rusal

United Company RUSAL, IPJSC
Company typeInternational Public Joint-Stock Company
SEHK486
MCXRUAL
IndustryAluminium
Founded2000
HeadquartersMoscow, Russia
Key people
Evgenii Nikitin (CEO)
Bernard Zonneveld (Chairman)
ProductsAluminium
Aluminium alloys
Bauxite
Alumina
Revenue$8.57 billion[1] (2020)
$279 million[1] (2020)
$759 million[1] (2020)
Total assets$17.4 billion[1] (2020)
Total equity$6.54 billion[1] (2020)
Number of employees
64,000
Websiterusal.com

United Company RUSAL, international public joint-stock company (Russian: МКПАО «ОК РУСАЛ», romanizedMKPAO «ОК RUSAL») is the world's second largest aluminium company by primary production output (as of 2016).[2][3] It was the largest until overtaken by China Hongqiao Group in 2015.[4][5] UC RUSAL accounts for almost 9% of the world's primary aluminium output and 9% of the world's alumina production. RUSAL was founded by a major Russian industrialist Oleg Deripaska.

The United Company was formed by the merger of RUSAL (Russkiy alyuminiy, lit. Russian aluminium) (Russian: Русский алюминий), SUAL, and the alumina assets of Glencore, completed in March 2007. According to its own statistics, UC Rusal accounts for 6.2% of the world's primary aluminium output and 6.5% of the world's alumina production, while operating assets in 13 countries over five continents, employing over 61,000 people across its international operations and offices.[6]

The company is incorporated in Jersey, where it has its financial centre, but its headquarters are in Moscow, Russian Federation. UC Rusal is a public limited company and its shares are traded on the Moscow Stock Exchange, Hong Kong Stock Exchange and European Stock Exchange. Since 25 September 2020, the company changed its place of registration from Jersey to Kaliningrad, Russia.[7] In 2021 RUSAL announced a proposal to demerge its high carbon assets and change its name to AL+.[8]

  1. ^ a b c d e "Consolidated Financial Statements for the year ended 31 December 2020" (PDF). Rusal. 17 March 2021. p. 86. Retrieved 17 March 2021.
  2. ^ "World's leading primary aluminium producing companies 2016 | Statistic". Statista. Retrieved 8 September 2017.
  3. ^ "UPDATE: Top 5 Primary Aluminium Producers in the World". alcircle. Retrieved 8 September 2017.
  4. ^ "China Hongqiao Group Surpasses Rusal be the Largest Aluminum Producer". alu.com.cn.
  5. ^ Martin Ritchie (31 August 2015). "Hongqiao Gets to Top of the World and Sinks Most Since IPO". Bloomberg.com.
  6. ^ "Facts and Figures". www.rusal.ru. Retrieved 8 September 2017.
  7. ^ "Rusal Completes Redomiciliation From Jersey To Russian SAR". aluminiuminsider.com. 20 December 2018. Retrieved 26 September 2020.
  8. ^ "EN+ Announces Intention to Demerge High Carbon Assets". Aluminium International Today. Retrieved 21 September 2021.