RUSAL successfully completes acquisition of Aluminum Rheinfelden and announces new CEO for the company (PHOTO)

Moscow / Rheinfelden (ots) - RUSAL (SEHK: 486; Moscow Exchange: RUAL), a leading global aluminum manufacturer, has successfully completed the acquisition of Aluminum Rheinfelden GmbH (“Aluminum Rheinfelden”) following approval from the Federal Cartel Office and the Federal Ministry for Economic Affairs and Energy.

The transaction secures the continued existence of Aluminum Rheinfelden and the jobs of the more than 200 highly qualified employees at the Rheinfelden location. At the same time, the acquisition strengthens RUSAL's position as the supplier of choice for its international automotive customers. The companies expect high synergies from the combination of the highly specialized niche focus of Aluminum Rheinfelden with the comprehensive global low-CO2 production capacities of RUSAL in the field of aluminum alloys. Eric Martinet, Director for Automotive and Transportation at RUSAL, has been named as the new CEO of Aluminum Rheinfelden.

As part of its long-term growth strategy, RUSAL will invest in Aluminum Rheinfelden, expand the business and bring a new generation of sustainable aluminum products onto the market, which will be produced in large series with the support of RUSAL's aluminum smelters. The low-carbon aluminum products from the RUSAL brand ALLOW are industry leaders in terms of their sustainability profile - a key differentiator, especially for the automotive industry, where reducing the carbon footprint of vehicle components is a key strategic goal. Together with Aluminum Rheinfelden, RUSAL can significantly expand its range of innovative, value-adding products for a large number of growth industries. Aluminum Rheinfelden will continue to appear on the market with its established brands in the future.

Roman Andryushin, Sales and Marketing Director at RUSAL, said: “We are very pleased that with the acquisition that has now been concluded, we are not only able to save a traditional German company, but can also offer Aluminum Rheinfelden and its employees a promising future under the umbrella of RUSAL. We are aware of our responsibility as a new shareholder and partner of Aluminum Rheinfelden and look to the future with confidence, in which our joint market presence will strengthen the value of the company and promote stability and further growth. The transaction not only secures the future of all three business areas of Aluminum Rheinfelden. The company's customers will also benefit from RUSAL's low-CO2 ALLOW aluminum and the technological breakthrough in the field of inert anodes, which heralds a new chapter in the industry characterized by CO2-free aluminum products. "

Eric Martinet, CEO of Aluminum Rheinfelden, added: “Through the merger with RUSAL, Aluminum Rheinfelden can develop its full potential and significantly expand its production capacities. As part of a well-capitalized, globally active group of companies, Aluminum Rheinfelden is in an ideal position to expand its market shares in existing segments such as the core automotive sector and at the same time to open up new market niches - RUSAL and Aluminum Rheinfelden will thus significantly increase their joint market presence.

Customers will benefit from having a reliable supplier of high quality aluminum products with the lowest carbon footprint in the industry. I look forward to working with the aluminum Rheinfelden management team and the company's outstanding employees. "

Aluminum Rheinfelden was founded in 1898, making it one of the oldest aluminum companies in Germany. Today the company manufactures a wide range of aluminum and carbon products through the three divisions ALLOYS, SEMIS and CARBON. These include aluminum alloys, slugs and other products made from pure aluminum, as well as electrode compounds. The company's customers come primarily from the global automotive and mechanical engineering industries, as well as from the pharmaceutical and metal industries.

About RUSAL

RUSAL (www.rusal.com) is a leading company in the global aluminum industry. In 2020, the company accounted for 5,8 percent of global aluminum production and 6,5 percent of alumina production. High-quality products make up 44 percent of RUSAL's production. RUSAL is active in more than 20 countries on five continents and is represented by local locations. The carbon footprint of the Group's low-carbon aluminum is five times lower than the industry average (Scope 2 and 2, for the melting plant). The common stocks of RUSAL are traded on the Hong Kong Stock Exchange (trade code - 1). RUSAL's ordinary shares are traded on the Moscow Stock Exchange (trade code - RUAL).

About Eric Martinet, CEO of Aluminum Rheinfelden GmbH

Eric Martinet has more than 25 years of experience in the automotive and aluminum industries. Since 2016 he has been Marketing Director Automotive and Transportation EMEA at RUSAL based in Zug / Switzerland. In this position, he is primarily responsible for strengthening the Group's strategic market position in the automotive industry, as well as for M&A and partnerships. In this role, he has accompanied the talks between UC RUSAL and Aluminum Rheinfelden since 2018, which led to the acquisition of the company by RUSAL in 2021. After completion of the transaction, he was appointed CEO of Aluminum Rheinfelden GmbH in April 2021.

Before joining RUSAL, he held leading positions with a focus on marketing and sales in both the automotive and aluminum industries. He began his professional career as an engineer and after sales manager at RENAULT (1997 - 2001). His next step took him as a sales engineer to drive system specialist AVL France (2001 - 2004). Eric Martinet then worked in various positions at Constellium (2006 - 2016, with a short break at the automotive supplier Faurecia). Here, too, the focus of his work was on sales and marketing strategy in the automotive sector. Like Aluminum Rheinfelden, Constellium originally emerged from Alusuisse, which was founded in 1888.

Born in France, he is a qualified mechanical engineer with degrees from the renowned universities ESTACA (Ecole Supérieure des Techniques Aéronautiques et de Construction Automobile) and Paris VI Jussieu. He also has an MBA from the international Institute for Management Development (IMD) in Lausanne. Eric Martinet is married with two children and speaks fluent German because he lived in Vienna for a while as a child.

Disclaimer

The information contained in this press release is for media advice only. The contents are true and accurate at the time of publishing, however, may change over time.

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