ALBAhttp://www.aluminiumbahrain.com©2011 ALBAALBA News Feedssomeone@alba.com.bhsomeone@alba.com.bhAlba Announces Key Partners for ARABAL 2019http://www.albasmelter.com/mc/News/Pages/2019/Alba-Announces-Key-Partners-for-ARABAL-2019.aspx<!<p><img alt="View Arabic Version" src="/mc/News/PublishingImages/pdficon.gif" /> <a href="/mc/News/PublishingImages/2019_all/190915.pdf" target="_blank"><font color="black">View Arabic version (PDF)</font></a></p> Aluminium Bahrain B.S.C. (Alba) -- host of the of 23rd edition of the Arab International Aluminium Conference (Arabal) 2019 -- today 15 September 2019 announced Gulf Markets International W.L.L. (GMI) as the Platinum Sponsor and COBEX as the Gold Sponsor of this much-awaited event. <br /><br />Welcoming the partners of ARABAL 2019, the Chairman of Alba’s Board of Directors, Shaikh Daij Bin Salman Bin Daij Al Khalifa said:<br />“As the host of ARABAL 2019, we are delighted with the response it has received from global and regional partners as well as our peers in the industry.<br />With a broad spectrum of sponsors and delegates already committed to this edition, we look forward to another successful event similar to 2014.” <br /><br />ARABAL 2019 is being hosted under the patronage of HRH Prince Khalifa bin Salman Al Khalifa, the Prime Minister of the Kingdom of Bahrain from 19 to 21 November 2019 at Gulf Hotel, Bahrain under the theme ‘Shaping the Future of Aluminium in the Arab Region’. <br /><br />In addition to the support from the Middle East smelters, companies sponsoring ARABAL 2019 include ABB, Alubase Industry Co.Ltd., Wagstaff, Inc., Ahmed Mansoor Al Aali (AMA Group), Dubai Cranes &amp; Technical Services, Rain Carbon Inc. and others.​​Alba certified to ISO 27001:2013 Information Security Management System Standardhttp://www.albasmelter.com/mc/News/Pages/2019/Alba-certified-to-ISO-27001.aspx<!<div>​​</div> <p><img alt="View Arabic Version" src="/mc/News/PublishingImages/pdficon.gif" /> <a href="/mc/News/PublishingImages/2019_all/190911.pdf" target="_blank"><font color="black">View Arabic version (PDF)</font></a></p> <div style="text-align:justify"> Aluminium Bahrain B.S.C (Alba) -- soon to be the world’s largest aluminium smelter with Line 6 -- has been successfully certified to the ISO 27001:2013 Information Security Management System standard. </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> The ISO 27001 is an international standard that sets out the requirements for an Information Security Management System (ISMS). In order to achieve this certification, a company must demonstrate that it has a systematic and ongoing approach to managing security risks to the company’s information systems. </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> Speaking about the ISO 27001:2013 certification achievement, Alba’s Acting Chief Executive Officer Ali Al Baqali said: </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> “As we progress to become the world’s largest aluminium smelter, we want to assure our stakeholders – shareholders, clients, and suppliers – that we are fully committed to the security of our systems and information. This highly recognised certification confirms that our internal processes and security controls are well-aligned with industry best practices, and we are continuously strengthening our resilience against growing cyber security threats.”</div>Alba hits Historic Milestone of 10 million working-hours without LTIhttp://www.albasmelter.com/mc/News/Pages/2019/Alba-hits-Historic-Milestone-of-10-million-working-hours-without-LTI.aspx<!<div>​​</div> <p><img alt="View Arabic Version" src="/mc/News/PublishingImages/pdficon.gif" /> <a href="/mc/News/PublishingImages/2019_all/190828.pdf" target="_blank"><font color="black">View Arabic version (PDF)</font></a></p> <div style="text-align:justify"> Aluminium Bahrain B.S.C (Alba), on course to become the world’s largest aluminium smelter with Line 6, touched 10 million working-hours without any Lost Time Injury (LTI) on 27 August 2019 for the first time in the history of its operations since 1971. </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> A celebration was held at the Oasis Hall on 28 August 2019 to mark this occasion, which was attended by the Acting Chief Executive Officer Ali Al Baqali, Alba Executive Management team, employees and contractors across the plant. </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> Alba’s Chairman of the Board of Directors Shaikh Daij Bin Salman Bin Daij Al Khalifa congratulated the Executive Management, Alba employees and contractors and stated: </div> <div style="text-align:justify"> “Achieving 10 million working-hours without any Lost Time Injury (LTI) in the smelting industry is a rare feat, especially as we progress with the full ramp-up of Potline 6. Alba could not have achieved this without a strong leadership emphasis on Safety and Health as well as collective ownership to maintain a zero-accident work environment.” </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> Addressing the gathering at Oasis Hall, Alba’s Acting Chief Executive Officer Ali Al Baqali said: </div> <div style="text-align:justify"> “This proud landmark is the outcome of our pro-active commitment, and I thank everyone, employees and contractors, for thinking and adopting Safety First and Always. </div> <div style="text-align:justify"> While 10 million working-hours was an almost impossible target to achieve especially as 2019 was brimming with all kinds of activities relating to Line 6 Expansion Project, we have done it and outperformed ourselves thanks to our uncompromising approach toward Safety.” </div> <div> </div> <div> The Company acknowledged the contribution of every employee and contractor towards this achievement.</div>Alba to prioritise on Safety, People and Community, says new Acting CEOhttp://www.albasmelter.com/mc/News/Pages/2019/Alba-to-prioritise-on-Safety-People-and-Community.aspx<!<div>​​</div> <p><img alt="View Arabic Version" src="/mc/News/PublishingImages/pdficon.gif" /> <a href="/mc/News/PublishingImages/2019_all/190807.pdf" target="_blank"><font color="black">View Arabic version (PDF)</font></a></p> <div style="text-align:justify"> Aluminium Bahrain B.S.C (Alba) is pleased to welcome Ali Al Baqali, a Bahraini-national, as its Acting Chief Executive Officer, effective 01 August 2019. Al Baqali has been a part of the Alba family for more than two decades and brings years of leadership and honed experience from within the Company. </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> His prior roles include Chief Financial Officer since 2013 and Deputy CEO and Chief Supply Chain Officer since 2017. In his Executive Management roles, Al Baqali has been instrumental in the fast-paced progress of Alba’s Line 6 Expansion Project, especially in securing the US$3 billion financing for the Project and formulating sourcing strategies for key raw materials. </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> Since his new appointment, Al Baqali has been holding one-on-one sessions with various departments within the Company to foster alignment and re-emphasise Alba’s ongoing commitment to Safe best practices. During these sessions, Al Baqali stated: </div> <div style="text-align:justify"> “Alba strength lies in its Safety Culture, Development of Human Capital and Community Development. As a new era will enfold with the completion of Line 6 Expansion Project, we commit to stay focussed on Safety as our driving force while we take actions to improve our results and sharpen our operational focus and execution.”</div>Alba Reports its Financial Results for Q2 and First Half of 2019http://www.albasmelter.com/mc/News/Pages/2019/Alba-Reports-its-Financial-Results-for-Q2-and-First-Half-of-2019.aspx<!​​<p><img alt="View Arabic Version" src="/mc/News/PublishingImages/pdficon.gif" /> <a href="/mc/News/PublishingImages/2019_all/190728.pdf" target="_blank"><font color="black">View Arabic version (PDF)</font> </a></p> <br /><strong>Q2 2019 and H1 2019 Financial Performance </strong> <br /><br /> Alba’s top-line and bottom-line for the second quarter and first-half of 2019 were primarily impacted by lower LME price - a drop of 21% Year-over-Year [US$1,793/t in Q2 2019 versus US$2,259/t in Q2 2018] - and partially offset by higher Sales’ volume. <br /><br /> The Company generated a Total Comprehensive Loss of BD3.3 million (US$8.8 million) in the second quarter of 2019 versus a Total Comprehensive Income of BD29.1 million (US$77.4 million) for the same period in 2018, down by 112% YoY. The Company posted a Gross Profit of BD15.4 million (US$40.9 million) versus BD34.3 million (US$ 91.4 million) in Q2 2018, down by 55% YoY. With regards to Total Sales/Revenues, Alba reported BD245.0 million (US$651.8 million) in Q2 2019, up by 0.4% YoY, compared to BD243.9 million (US$648.9 million) in Q2 2018. Earnings per share (EPS) in this quarter were fils (2) versus fils 21 in Q2 2018. <br /><br /> With regards to the First Half of 2019, Alba reported a Total Comprehensive Loss of BD19.1 million (US$50.9 million), down by 130% YoY, compared to a Total Comprehensive Profit of BD62.9million (US$167.4 million) in H1 2018. The Company posted a Gross Profit of BD16.2 million (US$43.2 million) versus BD74.3 million (US$ 197.7 million) for H1 2018, down by 78% YoY. Total Sales/Revenues reached BD448.6 million (US$1,193 million), down by 4% YoY, compared to BD465.2 million (US$1,237.2 million). Earnings per share were fils (14) versus fils 44 in H1 2018. <br /><br /> Alba’s Total Assets as at 30 June 2019 stood at BD 2,384.2 million (US$6,341 million) versus BD 2,208.7 million (US$5,874.3 million) as at 31 December 2018, up by 8% YoY. Total Shareholders’ Equity as at 30 June 2019 stood at BD1,054.1 million (US$2,803.5 million), down by 2% YoY, versus BD1,073.5 million (US$2,855 million) as at December 31, 2018. <br /><br /> <b>Q2 2019 Industry Highlights:</b> <br /><br /> <ul> <li> US-China trade-tensions and geopolitical events have taken its toll on investors and added bearish dimension to the overall market sentiment. Primary demand dropped in North America and Europe due to cyclical slowdown in economic activity; stimulus measures adopted by the Chinese Government have failed to create activity in key market-sectors such as auto and construction [+1% Year-over-Year (YoY)] and MENA consumption slowed down (+1% YoY) on the back of weaker construction activities. Consumption in Saudi Arabia retreated to 1-digit growth of 5% YoY with Ma’aden rolling-mill full ramp-up completion. </li> <li> Global production had a modest growth of 1% YoY. Russia, India and Bahrain were the largest contributors to the world ex-China smelter production increase. On the other hand, the North America supply growth gained momentum after 2018 lacklustre (+8% YoY). </li> <li> World market in deficit with China (529 Kt) &amp; (205 Kt) without China. </li> <li> LME inventories at ~1 million metric tonne (mt) as of June-end (down by 11% YoY). LME-Cash averaged US $1,793/t - down by 21% YoY and physical premium prices remain under pressure. </li> <li> Alumina price is still relatively high – 20% of LME price. </li> </ul> <br /> <b>Q2 2019 Alba Highlights:</b> <ul> <li> Achieved 8 Million working-hours without Lost Time Injuries on 08 July 2019. </li> <li> Production up by 21% YoY to reach 305,727 metric tonnes (mt) while Sales’ volume up by 25% YoY to top 311,928 mt and Value-Added Sales averaged 52 % of total shipments in Q2 2019. </li> <li> Line 6 Expansion Project Milestones: </li> <ul> <li>Line 6 Smelter: Handover of remaining pots for Safe Start-Up</li> <li>Line 6 Smelter’s Overall Progress advanced by &gt; 96%</li> <li>Power Expansion Project [PS5 &gt; 95% &amp; PDS &gt; 99%]</li> </ul> <li> The achieved benefits of Titan – Phase IV are US$12 million </li> </ul> <br /> <b>2019 Alba Priorities:</b> <br /> <ul> <li> Ensure the Safe Start-up of Last Hot Metal with a strong focus on Safety. </li> <li> Deputy CEO Mr. Ali Al Baqali to be Acting CEO effective 01 August 2019. </li> <li> Deliver on Project Titan -Phase IV [US$40 million by 2019-end]. </li> <li> Value-Added Sales’ Product Qualification Associated with Line 6 Ramp-up. </li> <li> Develop Upstream Opportunities on Alumina. </li> </ul> <br /> <font color="black"> The Chairman of Alba’s Board of Directors, Shaikh Daij Bin Salman Bin Daij Al Khalifa said: <br /> “Alba will soon be transformed into the world’s largest aluminium smelter with the smooth integration of Potline 6 into its existing operations in the upcoming weeks. <br /> Alongside this transformation, we will also see the change of reign in the top management from Tim Murray to Ali Al Baqali who will lead Alba as the Acting CEO, effective 1st August, as we continue to seek further efficiency and growth.” <br /><br /> Commenting on Alba’s performance in Q2 2019, Alba’s Chief Executive Officer Tim Murray stated: <br /> “The economic uncertainty and lower LME prices have taken its toll on the aluminium industry but in Alba, we have emerged stronger with progressing the ramp-up of Line 6. I also thank all Alba employees and contractors for their unwavering support and focus on Safety at all times.” <br /><br /> Alba’s Deputy CEO Ali Al Baqali added: <br /> “As we progress with Line 6 full ramp-up, we look forward to finish 2019 strong in our top-line and bottom-line results. <br /> I also take this opportunity to thank our Chairman Shaikh Daij Bin Salman Bin Daij Al Khalifa and Alba’s Board of Directors for placing their trust in me to lead Alba as we begin this new chapter of growth. I also thank Tim Murray for his leadership and guidance as the CEO as well as the Executive Management team for their support.” <br /><br /> Alba Management will be holding the quarterly conference call on Monday 29 July 2019 to present and discuss Alba's financial performance for the second quarter of 2019 as well as outline the Company's priorities for the remainder of the year. </font>​Alba Chairman Inspects Line 6 Safe Start-Up Progresshttp://www.albasmelter.com/mc/News/Pages/2019/Alba-Chairman-Inspects-Line-6-Safe-Start-Up-Progress.aspx<!<div>​​</div> <p><img alt="View Arabic Version" src="/mc/News/PublishingImages/pdficon.gif" /> <a href="/mc/News/PublishingImages/2019_all/190721.pdf" target="_blank"><font color="black">View Arabic version (PDF)</font></a></p> <div style="text-align:justify"> The Chairman of Aluminium Bahrain B.S.C. (Alba) Board of Directors Shaikh Daij Bin Salman Bin Daij Al Khalifa, visited Line 6, today on Sunday 21 July 2019, to inspect the final stages of Line 6 construction and witness the handover of the remaining pots for the Safe Start-Up of Line 6. Alba’s Executive Management and Owners’ teams from Line 6 and Power Station 5 (PS 5) joined the Chairman on his visit. </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> Commenting on this occasion, Shaikh Daij Bin Salman Bin Daij Al Khalifa said: </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> “I would like to thank all Alba employees and contractors for the continued success on the safe start-up of Line 6. </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> I am confident that the Line 6 Start-Up Team will continue to take Extreme Ownership on Safety as we approach the final stages of the ramp-up&quot;. </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> Alba Potline 6 was commissioned on 13 December 2018, ahead of schedule; since then, there has been a gradual ramp-up with the successful start-up of 106 pots on 26 March 2019 and 212 pots thereafter on 18 April 2019.</div>Alba CEO Spreads Awareness on Safe Swimminghttp://www.albasmelter.com/mc/News/Pages/2019/Alba-CEO-Spreads-Awareness-on-Safe-Swimming.aspx<!<p><img alt="View Arabic Version" src="/mc/News/PublishingImages/pdficon.gif" /> <a href="/mc/News/PublishingImages/2019_all/190717.pdf" target="_blank"><font color="black">View Arabic version (PDF)</font></a></p> <div style="text-align:justify"> Aluminium Bahrain B.S.C. (Alba) underlined its position as a responsible corporate citizen by launching a special campaign on Safe Swimming for its employees and families. </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> As part of the Campaign, Alba’s Chief Executive Officer, Tim Murray, presented a session on Safety in-and-around swimming pools on Monday 15 July 2019, to cover many aspects including the importance of adult supervision, barriers about pools, swimming classes and first-aid as well as flotation and rescue devices. </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> Alba’s CEO, along with other Executives, also visited a group of children in Alba’s Summer Camp at Alba Social Club to spread awareness on the importance of following the safety fundamentals while swimming then share the safety pledge with the children, instructors and organisers. </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> On this occasion, Alba’s Chief Executive Officer, Tim Murray, said: </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> “We want our people to be safe in Alba and everywhere else – we believe that it is our responsibility to deliver this sense of extreme ownership in following safety rules in-and-around swimming pools.” </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> Alba Social Club hosts the Summer Camp on a yearly basis and provides all year-long swimming lessons.​​</div>Alba Deputy CEO meets with the Executive Council Chairman of Bahrain Free Labour Unions Federationhttp://www.albasmelter.com/mc/News/Pages/2019/Alba-Deputy-CEO-meets-with-the-Executive-Council-Chairman-of-Bahrain-Free-Labour-Unions-Federation.aspx<!<div>​​</div> <p><img alt="View Arabic Version" src="/mc/News/PublishingImages/pdficon.gif" /> <a href="/mc/News/PublishingImages/2019_all/190716.pdf" target="_blank"><font color="black">View Arabic version (PDF)</font></a></p> <div style="text-align:justify"> Aluminium Bahrain B.S.C. (Alba)’s Deputy Chief Executive Officer (DCEO) Ali Al Baqali along with other Alba officials met with the Executive Council Chairman of Bahrain Free Labour Unions Federation Yacoub Yousef Mohammed and other representatives today, Tuesday, 16 July 2019 at Alba premises. </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> Commenting on this occasion, Alba’s DCEO Ali Al Baqali stated: </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> “We are pleased to have reached common understanding and more importantly set a mechanism in place to close-out pending matters for the benefit of both Alba and the Union for now and the future. </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> We trust that together Alba and the Bahrain Free Labour Unions Federation achieve more co-operation to work towards the goals and aspirations of the Leadership of the Kingdom of Bahrain.”</div>Alba Deputy CEO meets with the Secretary-General of General Federation of Workers Trade Unions in Bahrainhttp://www.albasmelter.com/mc/News/Pages/2019/Alba-Deputy-CEO-meets-with-the-Secretary-General-of-General-Federation-of-Workers-Trade-Unions-in-Bahrain.aspx<!<p><img alt="View Arabic Version" src="/mc/News/PublishingImages/pdficon.gif" /> <a href="/mc/News/PublishingImages/2019_all/190716-2.pdf" target="_blank"><font color="black">View Arabic version (PDF)</font></a></p> <div style="text-align:justify"> Aluminium Bahrain B.S.C. (Alba)’s Deputy Chief Executive Officer (DCEO) Ali Al Baqali along with other Alba officials met with the Secretary General of the General Federation of Workers Trade Unions in Bahrain Hassan Al-Halwachi and other representatives today, Tuesday, 16 July 2019 at Alba premises. </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> Commenting on this occasion, Alba’s DCEO Ali Al Baqali stated: </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> “We are pleased to have reached common understanding and more importantly set a mechanism in place to close-out pending matters for the benefit of both - Alba and the Union - for now and the future. </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> We trust that together Alba and the General Federation of Workers Trade Unions achieve more co-operation to work towards the goals and aspirations of the Leadership of the Kingdom of Bahrain.”​</div>Alba Wraps Sales and Production with Double-Digit Volume Increase in Q2 2019http://www.albasmelter.com/mc/News/Pages/2019/Alba-Wraps-Sales-and-Production-with-Double-Digit-Volume-Increase-in-Q2-2019.aspx<!<p><img alt="View Arabic Version" src="/mc/News/PublishingImages/pdficon.gif" /> <a href="/mc/News/PublishingImages/2019_all/190707.pdf" target="_blank"><font color="black">View Arabic version (PDF)</font></a></p> Aluminium Bahrain B.S.C. (Alba), on course to be transformed into the largest smelter in the world with the full ramp-up of Line 6 on 31 July 2019, stretches its overall sales’ volume and throughput, in double-digits, for the second quarter of 2019 despite trade-tensions and the downward pressure on LME prices. <br /><br /> For the second quarter of 2019, sales’ volume went beyond 249,595 metric tonnes (mt) in Q2 2018 to top 311,928 mt, an increase of 25% Year-over-Year while production jumped to 305,727 mt, up by 21% YoY versus 252,081 mt in Q2 2018. Alba closed this quarter with Value-Added (VA) Sales averaging 52% of total shipments versus 60% for the same period in 2018. <br /><br /> For the first half of 2019, production reached 578,434 mt versus 511,480 mt in H1 2018, up by 13% YoY, while sales’ volume increased by 67,810 mt to top 569,042 mt year-to-date (up by 14% Y0Y). <br /><br /> Commenting on Alba Sales’ volume and Production for Q2 2019, Alba’s Chief Executive Officer, Tim Murray said: <br /><br /> “Driven by the solid progress on the Line 6 ramp-up, Alba closed the second quarter with double-digit volume increase in both Sales and Production. <br /><br /> We are targeting Line 6 complete ramp-up by 31 July 2019 which will position Alba for a strong 2nd half-finish despite the tough aluminium market conditions.” <br /><br /> Aluminium Bahrain B.S.C. (Alba) will release its Second Quarter 2019 Financial Results to the public on 28 July 2019 as well as upload the IR presentation on its Investor Relations section at www.albasmelter.com​​