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Manama, Bahrain: Aluminum Bahrain B.S.C. (Alba), the Bahrain-based international aluminium smelter, is the strategic sponsor for the Aluminium Sector at Gulf Industry Fair 2017, which is taking place from the 7-9 February 2017 at the Bahrain International Exhibition and Convention Centre.
Alba will lead the Aluminum Zone at Gulf Industry Fair 2017, which reflect both, the upstream and downstream growth of the Aluminium sector in the GCC.
Shaikh Daij Bin Salman Bin Daij Al Khalifa, Chairman of Alba’s Board of Directors, says:
“Gulf Industry Fair has established itself as the leading platform in the GCC to promote this Region’s Aluminium Industry whilst also reflecting the growth of Bahrain’s growing economy.
Alba is proud of its landmark Line 6 Expansion Project, which is one of the biggest brownfield projects in the Kingdom of Bahrain. This Project will have a big impact on Bahrain’s economy as well as strengthen the Kingdom’s position as the hub for the downstream aluminium industry in the GCC. ”
Alba has shown excellent progress with its Line 6 Expansion Project. In October 2016, Alba announced the successful closing of a syndicated term-loan facility, the first tranche of the Company’s funding plan for the Project. Alba has also embarked on Project Titan – Phase II cost saving programme that aims to reduce cash-cost by US$ 100 per mt of aluminium and step-up its production capacity to 1,000,000 mt per annum by end of 2017.
The other Bahrain-based companies joining Alba at the Aluminium Zone include Midal Cables, who manufacture their products from the aluminium smelter in Bahrain; Bahrain Aluminium Extrusion Company (Balexco), whose production capacity exceeds 33,000 metric tonnes and Ameeri Industries who’s AMGARD Street light poles are manufactured from aluminium produced at Alba.
“The aluminium sector is the key industrial growth driver in the region. The Aluminum Zone promotes Bahrain as a leading global exporter of downstream aluminium products (Made in Bahrain) and services for aluminum smelters within the region “says, Jubran Abdulrahman, Managing Director of Hilal Conferences & Exhibitions (HCE).
The Northern Gulf’s leading annual industrial expo takes place from the 7-9 February 2017 at the Bahrain International Exhibition and Convention Centre under the patronage of HRH Prince Khalifa bin Salman Al Khalifa, Prime Minister of the Kingdom of Bahrain.
Gulf Industry Fair 2017 is also strategically sponsored by the Bahrain Petroleum Company (BAPCO) in association with the National Oil and Gas Authority. Majaal and NAFFCO will be supporting the Industrial Facilities and Fire and Safety sectors respectively, while other supporting organisations include AHK Saudi Arabia, India’s PHD Chamber of Commerce and Industry, the German Saudi Arabian Liaison for Economic Affairs, the Saudi British Economic Offset Programme and Bahrain Industrial Association.
For further information visit www.gulfindustryfair.com.
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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 971,000 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. The Company’s shareholders include Bahrain Mumtalakat Holding Company (69.38%), SABIC Industrial Investment Company (20.62%) and the General Public (10%).
© Press Release 2017
