Rusal partners with Israel’s Omen
Moscow-headquartered global aluminium producer UC Rusal yesterday said it has agreed to a joint venture with Israeli company Omen High Pressure Die Casting called VolkhOR, which will produce automotive parts from non-ferrous metals. Each party will invest $1m (£601,000) in the project and secure external financing to cover the rest. It is estimated that $20.6m will be invested in the venture from 2014 to 2016.