PHOTO
Aluminium Bahrain B.S.C (Alba), the world’s largest aluminium smelter ex-China, is on track to finish 2020 strong despite the challenges of the year, as stated by the Chairman of Alba’s Board of Directors, Shaikh Daij Bin Salman Bin Daij Al Khalifa during the fourth quarterly Board of Directors’ meeting held virtually on Sunday 29 November 2020.
Adding further, Shaikh Daij Bin Salman Bin Daij Al Khalifa said:
“2020 has been a year of exceptional events on many fronts. Our secret to adapt to the changes and find our new balance is to focus our efforts, not on challenging today’s status quo, but on building the new and resilient Alba as we prepare ourselves to start 2021.”
During the meeting, the Board approved the Minutes of the previous Board Meeting held on 27 September 2020 as well as reviewed Reports of the Executive Committee, Board Audit Committee and the Nomination, Remuneration and Corporate Governance Committee. The Board also discussed and approved a Memorandum of Understanding (MoU) with Hangzhou Jinjiang Group Co. Ltd (HJJ), a leading alumina producer in China, to secure Alba’s long-term alumina requirements as well as a new proposal to creep Lines4-5. During the meeting, various updates were given on Safety and Plant Operational performance amidst COVID-19, insights on the overall market conditions as well as Alba’s Financial Performance to-date.
Including the Chairman of the Board, Shaikh Daij Bin Salman Bin Daij Al Khalifa, the Alba Board of Directors comprises six directors appointed by Bahrain Mumtalakat Holding Company B.S.C. © – Mr. Yousif Abdulla Taqi, Mrs. Suha Karzoon, Shaikh Isa Bin Khalid Al Khalifa, Mr. Tim Murray and Mrs. Rasha Sabkar. The three directors appointed by Sabic Industrial Investments Co. (SIIC) are Mr. Ahmed Al Duriaan, Mr. Iyad Al Garawi and Mr. Omar Al Amoudi and one elected director, Mr. Mutlaq Al-Morished.
-Ends-
About Alba
Alba is the world’s largest aluminium smelter ex-China with dual listing on Bahrain Bourse and London Stock Exchange. The Company shareholders are Bahrain Mumtalakat Holding Company B.S.C. © (69.38%), SABIC Industrial Investment Company (SIIC) (20.62%) and the General Public (10%).
Incorporated by Charter in 1968, Alba commenced its operations in 1971 as a 120,000 metric tonnes per annum smelter. In 2019, Alba’s production topped 1.365 million metric tonnes. The Company’s product portfolio consists of molten aluminium and Value-Added Products -- standard and T-ingots, extrusion billets, rolling slabs and properzi ingots, which are sold to more than 150 customers across the world through its head office in Bahrain and sales’ offices in Europe, Asia and USA.
Alba Campus comprises six Reduction Lines, five Power Stations, three Casthouses, four Carbon Plants, a dedicated 530,000 mtpa Coke Calcining Plant along with other ancillary facilities.
Alba has carved an enviable reputation in employee and contractor Safety and Health. It is one of the few smelters in the world to have achieved Zero Lost Time Injuries (LTI) (2019) as well as crossed the 21 million working-hours without LTI (May 2020). The smelter has been honoured with numerous regional and International accolades for its Safety, Health, Environment and CSR practices such as awards from British Safety Council, Gulf Aluminium Council, Royal Society for the Prevention of Accidents (RoSPA) etc.
Alba is a member of Aluminium Stewardship Initiative (ASI); has achieved Automotive Quality Management System - IATF 16949: 2016 Standard; and was distinguished with the Bronze Medal by EcoVadis.
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:
Eline Hilal
Director, Investor Relations, Insurance & Corporate Secretary
Investor Relations Department
Tel: (973) 1783 5100
E-mail: eline.hilal@alba.com.bh
Website: www.albasmelter.com
Follow us on:
http://www.twitter.com/Alba4World
http://www.facebook.com/Alba4World
http://www.instagram.com/Alba4World
http://www.linkedin.com/company/aluminium-bahrain
http://www.youtube.com/Alba4World
© Press Release 2020
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
