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Aluminium Bahrain B.S.C. (Alba), one of the world's leading aluminium smelters, achieved an all-time record when its metal production surged to 960,643 metric tonnes (mt) in 2015, up by 3.1% YoY as compared to 931,427 mt in 2014.
To mark this landmark, a ceremony was held at HRH Princess Sabeeka Oasis on Wednesday, January 6, 2016.
The event was attended by Alba's Chief Executive, Tim Murray, Chief Operations Officer, Isa Al Ansari, Chief Financial Officer, Ali Al Baqali, Chief Marketing Officer, Khalid Abdullatif, Chairman of Alba Labour Union, Ali Al Binali, Chairman of Alba Trade Union, Mohammed Ali Makki, senior Alba officials and employees.
Commenting on the Company's production record, Alba's Chief Executive, Tim Murray said:
"Alba had another exceptional year in terms of operational and safety performance. In 2015, we were able to raise the bar despite very challenging market conditions. These results could not have been achieved without the hard work and dedication of our employees. I would like again to thank all the Alba stakeholders who contributed to this success and we look forward to go to the next level in 2016.
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About Alba:
Aluminium Bahrain B.S.C. (Alba) - one of the largest and modern aluminium smelters in the world - is renowned for its premium grade aluminium products, technological strength and innovative policies, strict environmental guidelines and high track record for safety. Established in 1971 as a 120,000 tonnes per annum smelter, Alba today produces more than 960,000 metric tonnes per annum of the highest grade aluminium, with products including standard and T-ingots, extrusion billets, rolling slab, properzi ingots, and molten aluminium.
Alba is listed on both the Bahrain Bourse and London Stock Exchange, and the Company's shareholders are Bahrain Mumtalakat Holding Company (69.38%), SABIC Industrial Investment Company (20.62%) and the General Public (10%).
About Line 6 Expansion Project:
Line 6 Expansion Project, expected to begin production by early 2019, will boost the per-annum production by 514,000 metric tonnes, bringing the total production capacity of Alba to around 1.450 million metric tonnes per year.
Bechtel Canada completed the Bankable Feasibility study for the $3.5 billion Line 6 Expansion Project in December 2014. DX+ Technology is selected as the base for Line 6, while J.P. Morgan, Gulf International Bank (GIB) and National Bank of Bahrain (NBB) are the Financial Advisors of the Project.
The Line 6 Expansion Project will enhance the downstream industry by creating many co-investment opportunities through local and foreign aluminium investments. It will create hundreds of jobs, directly and indirectly, which will be a significant economic boost for the Kingdom of Bahrain.
For further details, please contact:
Fatima Al Saleh
Public Relations
Tel: (973) 1783 7989
Fax: (973) 1791 1105
E-mail: fatima.alsaleh@alb.com.bh
Website: www.albasmelter.com.bh
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© Press Release 2016
