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. Last Updated: 07/27/2016

RusAl Sees 50% Boost by 2013

United Company RusAl, the world's largest aluminum producer, plans to enlarge its capacity by about 50 percent in six years as it expands worldwide and develops an energy business, the company said in a statement Thursday.

Production capacity will rise to as much as 6 million metric tons by 2013, from about 4 million tons now, the company said. New plants will be built in Asia and South America, RusAl said.

Oleg Deripaska and Viktor Vekselberg, the billionaire owners of RusAl, want the company to become mostly self-sufficient in electricity generation by 2013. Power accounts for one-third of aluminum production costs. The company this month announced a $7 billion aluminum and nuclear power project in Russia.

"The new projects we have initiated open the next stage of the company's development as an energy and metals corporation," chief executive officer Alexander Bulygin said in the statement. RusAl invested $2.2 billion in the first nine months of the year.

The company on Thursday posted a 5 percent gain in aluminum production in the first nine months, to 3.1 million tons. It opened two electrolytic cell complexes at its Khakas smelter and a fourth one is being started now, RusAl said. Annual capacity will be 300,000 tons and that should be reached by November.

Its Irkutsk smelter is also being expanded, with two new production lines scheduled to be ready by November. They will add 170,000 tons of capacity.