His Excellency also conveyed HRH’s greetings to the participants and organisers as well as his wishes to have a successful conference especially as it hosts experts and specialists from around the world in the Kingdom of Bahrain to share their knowledge and come-up with recommendations to further develop the industry in the region.
HE said: “This Conference is the most prominent event for the aluminium industry in the Middle East bringing together industry leaders and thought experts from across the world, which underlines Bahrain’s leading position in hosting events of such caliber. Bahrain has become a pioneer in this industry as it is the home of Aluminium Bahrain B.S.C. (Alba), one of the world's leading smelters.”
HE highlighted: “The Kingdom of Bahrain under the wise leadership of His Majesty the King, and the Government led by HRH the Prime Minister, and the support of His Royal Highness the Crown Prince, Deputy Supreme Commander and First Deputy Prime Minister, remain committed to developing this industry and enabling Alba to compete globally through endorsing Alba’s Line 6 Expansion Project, that will play a major role in boosting the national economy of the Kingdom, in addition to providing job opportunities for qualified and trained nationals.”
ARABAL 2019 is held under the patronage of His Royal Highness the Prime Minister under the title “Shaping the Future of the Aluminium Industry in the Arab Region” from 19 – 21 November 2019 at the Gulf Hotel – Bahrain with the participation of 40 renowned speakers and 450 delegates as well as 70 exhibitors in the exhibition held alongside the conference.
During the ceremony, Alba’s Chairman of the Board of Directors, Shaikh Daij bin Salman bin Daij Al Khalifa, delivered the keynote speech, during which he expressed his thanks and gratitude to HRH the Prime Minister for his patronage to ARABAL 2019, and HRH continuous support towards the local aluminum industry in general, and for Alba in particular, which in turn has enhanced the reputation and global status of the Kingdom of Bahrain and reinforces the Government’s continuous support to the aluminium industry being one of the major contributors to the national economy.
Shaikh Daij bin Salman bin Daij Al Khalifa expressed his sincere thanks to the organizing committee of ARABAL, led by Mr. Mohammed Al Naki, for their sincere efforts demonstrated by the event’s success and achievements throughout the years. He also conveyed his best wishes to the participants to share their views in one of the key future industries and emphasised his trust that their participation will enrich the conference to achieve its goals.
The Chairman of ARABAL Organising Committee, Mohammed Al Naki briefed the audience about the history of ARABAL since its inception in 1983 in his opening address and said:
"The aluminium smelting industry, which was adopted by the GCC countries as a strategic decision besides petroleum and petrochemical industries, has become a key player into achieving sustainable economic development in the region.
The formation of a number of smelters in the region to produce primary aluminium has helped in the establishment of many downstream and end-product industries. With GCC smelters meeting the region’s demand for the aluminium metal, these countries primarily rely on the GCC smelters to supply the primary aluminium in order to produce semi-finished and end-products. In turn, the local downstream have widely developed to cope with the development in the region.”
At the end of the ceremony, His Excellency Shaikh Khalid bin Abdulla Al Khalifa opened the Exhibition held on the sidelines of the Conference and was briefed on the major companies participating from various sectors of the global aluminium industry, including local and international smelters, raw material suppliers and downstream industries.
Aluminium Bahrain B.S.C. (Alba), one of the 1 million-metric tonnes smelters in the world, is one of the largest aluminium producers in the world. 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%).
Starting-out as a 120,000 metric tonne per annum (mtpa) smelter in 1971, Alba’s production for 2018 stood at plus-1 million metric tonnes. Alba’s product portfolio comprises high-grade aluminium and Value-Added Products that include standard and T-ingots, extrusion billets, rolling slabs, properzi ingots and molten aluminium. The Company is well-known for its strong Safety culture, employee development and work culture for value-creation and sustainable operations.
About Line 6 Expansion Project
The pride of the Kingdom of Bahrain, Alba’s Line 6 Expansion Project will make Alba the world’s largest aluminium smelter.
Alba’s Line 6 Expansion Project is one of the biggest brownfield developments in the Middle East Region. With a CAPEX of approximately US$ 3 billion, the Line 6 Expansion Project involves the construction of a sixth pot line using EGA’s proprietary DX+ Ultra Technology, a 1,792 MW Power Station (Power Station 5) utilising the world’s first H-class General Electric (GE) 9HA Gas Turbine (GT) and other industrial services.
Alba Potline 6 was commissioned on 13 December 2018, ahead of schedule, with the delivery of the First Hot Metal. Line 6 Expansion Project progress has been fast-paced since then with successfully starting 212 pots, which is equivalent to 50% of Potline 6 total capacity. Alba is now looking at the safe commissioning of the remaining 212 pots and to move closer to full production by Q3 2019.
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 comprising two tranches Conventional Facility & and Islamic Facility in October 2016. The 1st tranche of the Export Credit Agencies (ECA) Financing of c. US$700 million for Euler Hermes and SERV-covered facilities was closed in July 2017 while the first part of 2nd ECA-tranche of EUR204.5 million for Bpifrance Assurance Export (“BpiAE”) and Euler Hermes-covered facilities was secured in April 2018. Alba successfully closed the final instalment of the 2nd ECA-tranche - c.US$136 million and c. EUR90 million from ECA supported-facilities - by end of 2018.
As of 31 October 2019, Line 6 Smelter’s Overall Progress exceeded 99%. Power Station 5 & Power Distribution System Overall Progress exceeded 98% and by over 99% respectively.
Line 6 Expansion Project will be transformational for the Kingdom of Bahrain as it will significantly boost employment opportunities for Bahrainis at both Alba and the local downstream market. It will also present many co-investment opportunities through local and foreign aluminium investments in the Kingdom of Bahrain.
Alba External Grievance Mechanism
Alba, in line with the Performance Standards of the International Finance Corporation (IFC), a World Bank affiliated lending organisation, has launched its External Grievance Mechanism to receive and facilitate the resolution of the 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, every day.
For further details, please contact:
Senior Manager, Investor Relations & Corporate Secretary
Investor Relations Department
Tel: (973) 1783 5100
Follow us on:
© Press Release 2019