HOME > Project History/Overview

In addition to make capital investment and loans to ALBRAS and ALUNORTE, local joint venture companies in Brazil, NAAC has functions to dispatch executives, take part in the management, take aluminium ingots produced by ALBRAS according to its shareholding ratio in ALBRAS and then allocate them to NAAC's shareholders, among others.
The Project started as joint venture project with Companhia Vale do Rio Doce - CVRD (privatized in 1997, present Vale S.A.). Present joint venture partner is Norwegian Norsk Hydro ASA, world's leading integrated aluminium company. Norsk Hydro ASA took over control and ownership of Vale S.A.'s aluminium businesses in 2011.



