Alba launches its main Safety Campaign for 2018 Safety Selfie

Aluminium Bahrain B.S.C. (Alba), in line with the CEO’s 2018 Expectations, launched its main Safety Campaign for this year titled ‘Safety Selfie’ today, 24 June 2018, at Alba Oasis Hall.

Alba’s Chairman of Alba’s Board of Directors - Shaikh Daij bin Salman bin Daij Al Khalifa, the

Chief Executive Officer and Managing Director of Emirates Global Aluminium (EGA) - Abdulla Kalban were the Guests of Honour at the event.  The opening ceremony also witnessed the attendance of officials from Bahrain’s Ministry of Interior and Ministry of Labour and Social Development, diplomats from the embassies of Germany and Switzerland as well as representatives from Bahrain’s downstream companies and major suppliers of Alba.

Present also at the opening ceremony were: Alba Board Director Dr. Moh’d Kameshki, Alba’s Executive Management led by the Chief Executive Officer Tim Murray and Alba Directors, Managers as well as employees from various departments.

Commenting on this occasion, Shaikh Daij said:

“I am pleased to welcome all our guests today to witness Alba’s ‘Safety Selfie’ campaign.

Safety is not just a job requirement but it has become a way of life in Alba. While all our Safety campaigns have a different theme, they have only one message -- Safety first at all times. I thank the Executive Management at Alba for their relentless efforts towards establishing and strengthening a Safety-conscious work environment.”

Alba’s Chief Executive Officer, Tim Murray, added:

“Alba is proud to be a leader in employee Safety and Health. Our year-round Safety campaigns seek to achieve continuous commitment from all levels of employees towards working and living safely.

The ‘Safety Selfie’ campaign is in line with our expectations for 2018, which serves our ultimate goal of ‘Safety First, Safety Always’. Capitalising on using the social media platforms for direct communication means that our Safety messages are boundless.”

The ‘Safety Selfie’ Campaign will highlight various aspects of Safety, Health and Environment in the workplace, at home and on the road, through a number of activities, including safety visits by management members to operational areas, awareness sessions for the employees as well as safety competitions.

-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 981,000 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 January 1st 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 (Power Station 5) 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 comprising two tranches: Conventional Facility & and Islamic Facility in October 2016, the 1st tranche of the Export Credit Financing of c. US$ 700 million for Euler Hermes and SERV-covered facilities in July 2017 and the first part of 2nd ECA-tranche of EUR 204.5 million for Bpifrance Assurance Export (“BpiAE”) and Euler Hermes-covered facilities in April 2018. The Company is looking to secure the final part of 2nd ECA-tranche by Q3 2018.

The Front End Engineering Design (FEED) study for the Project was completed in the first quarter of 2017. The construction site-works have started in the second quarter of 2017 while the mass earthworks was completed by the end of the third quarter of 2017 as per schedule. Alba has also laid the First Concrete in Potline 6 Foundation in May 2017 wherein the concrete foundations will reach 85,000 m3 upon completion by December 2018.

As of May 31, 2018, Line 6 Smelter’s Overall Progress exceeded 58% (Engineering progressed by more than 88% while Contracts and Procurement advanced by 95%); Power Station 5 & Power Distribution System Overall Progress exceeded 62% and 89% respectively.

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

Corporate Communication Officer

Investor Relations Department

Tel:         (973) 1783 7357

E-mail:   shreedevi@alba.com.bh 

Website: www.albasmelter.com   

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© Press Release 2018