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Aluminium Bahrain B.S.C. (Alba), the Bahrain-based international aluminium smelter, emphasised its commitment towards Bahrain's Economic Vision 2030 to develop young Bahraini nationals by signing a Memorandum of Understanding (MoU) for Joint Co-Operation with Bahrain Polytechnic, on February 16, 2017.
The MoU was signed between Alba’s Chief Executive Officer Tim Murray and Acting CEO of Bahrain Polytechnic, Dr. Mohamed Al-Aseeri at Alba. The signing ceremony was also attended by Alba’s Chief Financial Officer, Ali Al Baqali, Director of Administration Waleed Tamimi, Manager Training Rawdha Al Aradi, Ghadnana Albinali, Head of Training Administration, and Fatema Al-Mohri, Acting Manager Public Relations.
As per the MoU, Alba and Bahrain Polytechnic will seek mutual areas of cooperation which includes using Alba’s resources to develop skills of the students, provide suitable opportunities for job training and internships and facilitate recruitment and employment of Bahrain Polytechnic graduates whenever appropriate.
Speaking at signing ceremony, Alba’s CEO Tim Murray said:
“Our MoU with Bahrain Polytechnic emphasises Alba’s commitment to support Bahrain's Economic Vision 2030, by equipping young Bahraini nationals with skills that enhance their employability, thereby paving the way for successful Bahrainisation of the Kingdom's labour force.”
As a leading aluminium smelter in the world, Alba has been working closely with both, local and international universities and educational institutes in developing programmes for the professional development of Bahraini nationals.
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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, 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:
Shreedevi Menon
Public Relations Officer
Tel: (973) 1783 7357
Fax: (973) 1791 1105
E-mail: shreedevi@alba.com.bh
Website: www.albasmelter.com.bh
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© Press Release 2017
