QAMCO Ends Marketing Agreement with Hydro Aluminium for Qatalum
Qatar Aluminium Manufacturing Company (QAMCO) has terminated its marketing and offtake arrangements with Hydro Aluminium AS for Qatalum's production. This shift allows Qatalum to manage its aluminium product marketing directly, though QAMCO anticipates no adverse impact on financial performance.
Theia Market Signal Identification - AI Assisted
Qatar Aluminium Manufacturing Company (QAMCO) has announced the termination of its marketing and offtake arrangements with Hydro Aluminium AS, effective immediately. Following this change, Qatalum will take over the marketing and sale of its aluminium products, adhering to the joint venture agreement.
QAMCO does not foresee any material adverse effects on Qatalum's operational or financial performance as a result of this transition. The company is committed to facilitating a smooth process while ensuring compliance with all agreements and safeguarding shareholder interests. Additionally, QAMCO is reviewing the circumstances of the public disclosure regarding this termination.
Comments