PHOTO
Aluminium Bahrain B.S.C. (Alba)’s corporate social responsibility initiatives were given a boost when the Bahrain-based aluminium smelter was recognised for its support towards Bahrain Athletics Association (BAA) during a meeting held on 27 July, 2017 at Alba offices.
The Vice President of BAA, Staff Colonel Mohamed A. Latif Bin Jalal and General Secretary Bader Nasser Mohd met with Alba’s Chief Financial Officer Ali Al Baqali, Chief Marketing Officer Khalid A. Latif, Manager Legal Stephanus Grobler, Director Line 6 start-up Abdulla Habib and Director of Administration Waleed Tamimi.
Commenting on this occasion, Ali Al Baqali said:
“Alba has always been a key supporter and generous contributor to the sporting initiates and programmes in Bahrain.
We are pleased to endorse BAA in its activities which raise Bahrain’s status on international arenas and develop talented Bahrainis athletes.”
BAA’s Vice President Staff Colonel Bin Jalal presented Alba’s Chief Financial Officer Ali Al Baqali with a book titled: “Khalid Bin Hamad and Bahraini Athletics”, which summarises HH Sh. Khalid Bin Hamad’s endless support and significant contribution to the advancement of athletes in the Kingdom of Bahrain over the last four years.
-Ends-
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 971,000 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:
Alba’s Line 6 Expansion Project is one of the largest brownfield developments in the region. Expected to begin production by early 2019, this Project will boost the smelter’s per-annum production by 540,000 metric tonnes, bringing its total production capacity to 1.5 million metric tonnes per year.
With a CAPEX of approximately US$ 3 billion, the Line 6 Expansion Project involves the construction of a sixth pot line utilising EGA’s proprietary DX+ Ultra Technology, a 1,792 MW power station and other industrial services.
Bechtel is the EPCM contractor for the Line 6 Expansion Project smelter. For Power Station 5 (PS 5), GE and GAMA Consortium was awarded the EPC contract, while Siemens is the Power Distribution System contractor. J.P. Morgan, Gulf International Bank (GIB) and National Bank of Bahrain (NBB) are the Financial Advisors for this Project.
In June 2015, Alba Board approved the Line 6 Expansion Project and in November 2015, Alba secured the natural gas supply for this Project.
Alba successfully closed a US$ 1.5 Billion syndicated term-loan facility in October 2016, comprising two tranches: Conventional Facility & and Islamic Facility. Alba also secured commitments of c. US$ 700 million from Export Credit Agency (ECA) supported facilities in April 2017. The Front End Engineering Design (FEED) study for the Project was completed in the first quarter of 2017 while the construction site-works have started in the second quarter of 2017 and will be completed by September 2017.
The Line 6 Expansion Project will make Alba the world’s largest single-site aluminium smelter and be a significant economic boost for the Kingdom of Bahrain due to the many co-investment opportunities through local and foreign aluminium investments.
For further details, please contact:
Shreedevi Menon
Public Relations Officer
Tel: (973) 1783 7357
E-mail: shreedevi@alba.com.bh
Website: www.albasmelter.com.bh
Follow us on:
http://www.twitter.com/Alba4World
http://www.facebook.com/Alba4World
http://www.instagram.com/Alba4World
http://www.linkedin.com/company/aluminium-bahrain
http://www.youtube.com/Alba4World
© Press Release 2017
