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Aluminium Bahrain B.S.C. (Alba), one of the world’s leading aluminium smelters based in the Kingdom of Bahrain, achieved a record metal production of 971,420 metric tonnes per annum (mtpa) in 2016. Alba’s production figures for 2016 is the highest ever recorded, up by 1.1% YoY as compared to 960,643 mt in 2015.
Commenting on Alba’s milestone achievement, Chief Executive Officer, Tim Murray said:
“We are proud to be celebrating yet another record in production despite the tough market conditions. Alba has succeeded once again due to the hard work of its people, effective teamwork and commitment to operational efficiency.
This achievement is significant because it was accomplished on the back of our high Safety performance and without significant additional capital expenditures, only by relying on our culture of continuous improvement.
I congratulate everyone on the record-production and look forward to bigger achievements in 2017 as when united, we do better than necessary to improve our performance and plant reliability”.
A ceremony to mark the milestone production was held on 08, January 2017 at Alba Oasis, which was attended by Alba Executive Management, Directors, Managers and employees from various departments.
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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 971,420 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 around 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.
The Bankable Feasibility Study was completed by Bechtel in December 2014. In June 2015, Alba Board approved the Line 6 Expansion Project and in November 2015, Alba secured the natural gas supply for this Project.
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:
Eline Hilal
Manager – Investor Relations, Public Relations & Corporate Secretary
Investor Relations & Public Relations Department/
Tel: (973) 1783 5100 (direct)
Fax: (973) 1783 3822
E-mail: eline.hilal@alba.com.bh
Website: www.albasmelter.com.bh
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© Press Release 2017
