23 November 2005
The Aluminium Bahrain (Alba) board has agreed to recommendations for the company's management restructure that were made by consultants who were commissioned to study the company's strategic plans.
At the One Hundredth meeting yesterday the Board examined the latest purchasing, marketing and hedging reports and reviewed the report submitted by the National Audit Court.
The board also discussed projections for smelter's production, marketing plans, the company's 2006 Financial Plan.
The meeting, which was held at the Ritz Carlton Hotel Bahrain, was chaired by Dr Mohamed Jassim Alghatam and attended by directors and senior management.
Over the years, major decisions that contributed directly both the company's success and to the Kingdom's social, economic and industrial development, hav been made at Alba board meetings.
Yesterday's meeting, the 100th since Alba's commissioning almost 35 years ago, was also the first Board meeting since the Prime Minister, Shaikh Khalifa bin Salman Al Khalifa, visited the plant in September to preside over the inauguration ceremony of Alba's newest reduction line, Line 5, which made Bahrain home to the largest modern smelter in the world.
Dr Alghatam praised the efforts of the Government of Bahrain in developing the Kingdom's industries and expressed appreciation to His Majesty the King, Hamad bin Isa Al Khalifa, the Prime Minister, Shaikh Khalifa bin Salman Al Khalifa, and the Crown Prince and BDF Commander-in-Chief, Shaikh Salman bin Hamad Al Khalifa, for their continuous support. Dr Alghatam also hailed the pivotal role played by the Government of the Custodian of the Two Holy Mosques in supporting the development of the company.
The board also reviewed an initial study on a proposal to further expand Alba's production capacity with the construction of a sixth reduction line and the extension of its fourth reduction line and discussed plans to improve production.
Dr Alghatam hosted a lunch banquet for Board members as well as senior members of the Alba Management team in appreciation of their contributions to the company's success.
The Aluminium Bahrain (Alba) board has agreed to recommendations for the company's management restructure that were made by consultants who were commissioned to study the company's strategic plans.
At the One Hundredth meeting yesterday the Board examined the latest purchasing, marketing and hedging reports and reviewed the report submitted by the National Audit Court.
The board also discussed projections for smelter's production, marketing plans, the company's 2006 Financial Plan.
The meeting, which was held at the Ritz Carlton Hotel Bahrain, was chaired by Dr Mohamed Jassim Alghatam and attended by directors and senior management.
Over the years, major decisions that contributed directly both the company's success and to the Kingdom's social, economic and industrial development, hav been made at Alba board meetings.
Yesterday's meeting, the 100th since Alba's commissioning almost 35 years ago, was also the first Board meeting since the Prime Minister, Shaikh Khalifa bin Salman Al Khalifa, visited the plant in September to preside over the inauguration ceremony of Alba's newest reduction line, Line 5, which made Bahrain home to the largest modern smelter in the world.
Dr Alghatam praised the efforts of the Government of Bahrain in developing the Kingdom's industries and expressed appreciation to His Majesty the King, Hamad bin Isa Al Khalifa, the Prime Minister, Shaikh Khalifa bin Salman Al Khalifa, and the Crown Prince and BDF Commander-in-Chief, Shaikh Salman bin Hamad Al Khalifa, for their continuous support. Dr Alghatam also hailed the pivotal role played by the Government of the Custodian of the Two Holy Mosques in supporting the development of the company.
The board also reviewed an initial study on a proposal to further expand Alba's production capacity with the construction of a sixth reduction line and the extension of its fourth reduction line and discussed plans to improve production.
Dr Alghatam hosted a lunch banquet for Board members as well as senior members of the Alba Management team in appreciation of their contributions to the company's success.
© Bahrain Tribune 2005
