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Manama (ALBH): Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium smelter ex-China, is pleased to announce that it has signed a Memorandum of Understanding (MoU) with Hangzhou Jinjiang Group Co. Ltd (HJJ), a leading alumina producer with an annual nameplate capacity of 10 million tonnes in China.
The virtual signing ceremony - held in November 2020 - was attended by Alba’s Chairman of the Board Shaikh Daij bin Salman bin Daij Al Khalifa, the Owner of HJJ Mr. Dou Zhenggang and the Company’s Chairman Madam Wang Yuanluo in the presence of Alba CEO Mr. Ali Al Baqali and other top officials from Alba and HJJ.
The MoU serves as a framework to form a strategic potential collaboration between both entities in terms of securing Alba’s alumina requirements.
On this occasion, Alba’s Chairman of the Board Shaikh Daij bin Salman bin Daij Al Khalifa commented:
“This Memorandum of Understanding translates Company’s strategy to have a vertically integrated business model as well as partially hedge against Alumina price volatility and supply constraints.
We are also excited to explore more avenues for collaboration with HJJ which will further consolidate Alba’s status as one of the world’s leading aluminium producers.”
The Chairman of Hangzhou Jinjiang Group Co. Ltd Madam Wang Yuanluo added:
“This MoU represents the first and important step for Aluminium Bahrain and Hangzhou Jinjiang Group as they commence a long and mutually beneficial relationship.
We, Hangzhou Jinjiang Group, a leading Alumina producer, are committed to our international expansion plans, building and operating Alumina refineries in strategic locations, to provide high quality products at competitive terms to our valuable customers”.
The MoU will remain in effect for a period of three years and can be extended based upon mutual agreement amongst both parties.
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About Aluminium Bahrain B.S.C. (Alba)
[Ticker: ALBH]
Alba is the world’s largest aluminium smelter ex-China with a production of more than 1.35 million metric tonnes per annum (mtpa) (2019). With dual listing on Bahrain Bourse and London Stock Exchange, the Company’s shareholders are Bahrain Mumtalakat Holding Company B.S.C. © (69.38%), SABIC Industrial Investment Company (SIIC) (20.62%) and General Public (10%).
In addition to molten metal, our diverse Value-Added Product (VAP) portfolio includes Foundry grade re-melt products (T-Ingots, Standard Ingots and Properzi Bars), Rolling Ingots (Slabs), Extrusion Ingots (Billets) and Unalloyed P1020 re-melt products. Around 75% of our products - from customised alloys to a variety of surface finishes -- are exported to more than 150 global customers through our sales offices in Europe and Asia and subsidiary office in the U.S.
Alba Campus comprises six Reduction Lines, five Power Stations, three Casthouses, four Carbon Plants along with other ancillary facilities. In addition to primary aluminium production, we also produce 530,000 mtpa of high-quality calcined petroleum coke at our own dedicated Coke Calcining Plant. Alba also yields 9.5 million cubic metres of potable water per annum from its dedicated seawater desalination plant.
Alba has carved an enviable reputation in Safety, Environment and Health, Sustainability and Quality Management. It is one of the few smelters in the world to have achieved Zero Lost Time Injuries (LTI) in 2019. Alba, in 2020, was recognized with five categories of National Safety Council awards, International Safety Award with Merit from British Safety Council and Gold Medal Health and Safety Award from the Royal Society for the Prevention of Accidents (RoSPA).
Alba brings value to its customers with the many globally recognised certifications such as ISO 9001, ISO 45001, ISO 14001 and ISO 27001 certifications. Moreover, the Company attained the significant Automotive Quality Management System - IATF 16949 in 2018 and, Bronze Medal by EcoVadis and Aluminium Stewardship Initiative (ASI) Performance Certification in 2020.
Alba is committed to fostering greater sustainability across all our operations. In line with its CSR initiatives, Alba set-up the Region’s first-of-its-kind Spent Pot Lining (SPL) Treatment Plant in cooperation with Bahrain’s Supreme Council for Environment in 2019 to create a sustainable solution for the treatment of SPL with zero-waste. In 2020, Alba inaugurated its Fish Farm Project in collaboration with the Bahrain National Guard Consumer Association, thus boosting the Kingdom’s aquaculture and enriching the biodiversity around Alba’s operations.
Starting out in 1971 as a 120,000 mtpa smelter, Alba has continually delivered value to its customers, shareholders, and stakeholders. As we mark the Golden Jubilee of operations in 2021, we aspire to be more productive, innovative, and sustainable.
For more information, please visit us on www.albasmelter.com
Alba External Grievance Mechanism
Alba’s External Grievance Mechanism receives and facilitates the resolution of any affected communities’ concerns and grievances about Alba’s Environment and Social (E&S) performance. External grievances about Alba’s E&S performance can be logged via the Alba Integrity Line - an independently operated confidential reporting hotline in multiple languages - via a toll-free phone system or via the intranet 24 hours a day,
Alba’s External Grievance Mechanism is in line with Performance Standards of the International Finance Corporation (IFC), a World Bank affiliated lending organisation.
Alba Response to COVID-19 Pandemic
As one of Bahrain’s leading industrial companies, Alba’s response strategy to COVID-19 was initiated as early as January 2020 and was based on the guidelines of Bahrain National Taskforce for Combating Coronavirus (COVID-19).
Alba’s Executive team adapted an interactive approach from creating personal video messages, visiting shop-floor areas and engaging in virtual daily briefings with its Healthcare Centre team. Alba Management announced work-from-home and reduced working-hours where applicable especially for the female staff, and actioned plant-wide temperature checks for all shifts; social distancing protocols in offices, shop-floor areas and transport vehicles; frequent sanitization of all operational and non-operational areas; distribution of protective kits; installation of hand sanitizer dispensers across the Company and posted multilingual posters in various areas.
Despite COVID-19 outbreak, Alba continued to maintain stable operations thanks to its Business Continuity Plan and Emergency Preparedness Plan and sent-out Letter of Assurance on Safe operations at Alba to all its stakeholders (customers, suppliers and regulators) early in the year.
At Alba, the Safety of our people – employees and contractors – always comes First. Whilst we continue to follow COVID-19 measures at all times, we remain focused on Safety, Efficient Operations and Lean Cost Structure.
For further details, please contact:
Eline Hilal
Director, Investor Relations, Insurance & Corporate Secretary
Investor Relations Department
E-mail: eline.hilal@alba.com.bh
Website: www.albasmelter.com
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© Press Release 2020
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