ALBAhttp://www.aluminiumbahrain.com©2011 ALBAALBA News Feedssomeone@alba.com.bhsomeone@alba.com.bhAlba Chairman of the Board of Directors Tours Reduction Line 6http://www.albasmelter.com/mc/News/Pages/2021/Alba-Chairman-Tours-Reduction-Line-6.aspx<!<div>​​</div> <p><img alt="View Arabic Version" src="/mc/News/PublishingImages/pdficon.gif" /> <a href="/mc/News/PublishingImages/2021_all/211121.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 Chairman of Board of Directors, Shaikh Daij Bin Salman Bin Daij Al Khalifa, paid a field visit to the Company’s Reduction Line 6 on Thursday 18 November 2021 – which is about to celebrate 2 years post its official inauguration. This tour comes in line with the Chairman of the Board’s planned visits to Alba’s campus following the ease of COVID-19 restrictions. </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> Joined by Alba’s Chief Executive Officer Ali Al Baqali and the Executive Management, Shaikh Daij bin Salman bin Daij Al Khalifa was given an up-close-and-personal tour of Reduction Line 6 and its facilities. </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> Commenting on this visit, Alba’s Chairman of the Board Shaikh Daij bin Salman bin Daij Al Khalifa said: </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> “A game changer, Line 6 has made Alba the world’s largest aluminium smelter ex-China. The organic growth which the Company has embarked on with Line 6 in operations has seen Alba top new records in its financial performance and scale the ranks to join the US$720 million club for the first time in its Net Profits for the nine-months period of 2021. </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> I also take this opportunity to thank Line 6 team for an unparalleled performance and for maintaining Operational and Safety standards at all times.” </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> Inaugurated by His Majesty King Hamad Bin Isa Al Khalifa the King of the Kingdom of Bahrain in the presence of His Royal Highness Prince Salman bin Hamad Al Khalifa the Crown Prince and Prime Minister on Sunday 24 November 2019, Line 6 added 540,000 metric tonnes to Alba’s former name-plate capacity bringing it to more than 1.548 million metric tonnes per year. To-date, Reduction Line 6 is operating at 477.5 kA.</div>Alba supports Bahrain’s national initiatives to combat climate change with ‘A Tree for Every Employee’http://www.albasmelter.com/mc/News/Pages/2021/Alba-supports-Bahrain-national-initiatives-to-combat-climate-change.aspx<!<div>​​</div> <p><img alt="View Arabic Version" src="/mc/News/PublishingImages/pdficon.gif" /> <a href="/mc/News/PublishingImages/2021_all/211116.pdf" target="_blank"><font color="black">View Arabic version (PDF)</font> </a></p> <div> Aluminium Bahrain B.S.C. (Alba), one of the leading industrial companies in the Region, endorsed HRH Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister’s recently-announced climate change goals and commitment to double the number of trees in the Kingdom by 2035 through its Planting initiatives ‘A Tree for Every Employee’ to boost biodiversity and fight climate change. </div> <div> </div> <div> Alba’s Chief Executive Officer Ali Al Baqali and the Executive Management team joins Alba’s Chairman of the Board Shaikh Daij bin Salman bin Daij Al Khalifa in the Company’s initiative to distribute saplings of different variety of plants to all employees at the Company’s gates on 14-15 November 2021 with an aim to encourage them to take the lead in boosting Bahrain’s green cover and reducing carbon footprint. </div> <div> </div> <div> Commenting on ’A Tree for Every Employee’ initiative, the Chairman of the Board Shaikh Daij bin Salman bin Daij Al Khalifa said: </div> <div> </div> <div> “We have to work collectively as One Team to realise HRH the Crown Prince and Prime Minister’s commitment to increase Bahrain’s green cover made during the 26th Climate Change Conference of the Parties (COP26). </div> <div> </div> <div> Going green is not an option, it is a way of life and what we do today is how we will make a difference tomorrow for Bahrain.” </div> <div> </div> <div> Adding further, the CEO Ali Al Baqali added: </div> <div> </div> <div> “If we truly want to make a difference in the world, we must be different. As one of Bahrain’s socially responsible companies, we must take a leading role to play in preserving and protecting our environment and ‘A Tree for Every Employee’ is one of our tangible green initiatives to support Bahrain’s national initiatives under the leadership of HRH Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister.” </div> <div> </div> <div style="text-align:justify"> In addition, Alba Executive and Management team recently planted trees along the main roads around the smelter, which was followed by several departments planting trees in their respective areas within the Company whilst supporting the ‘Forever Green’ Campaign being held under the directives of HRH Princess Sabeeka bint Ibrahim Al Khalifa, Wife of His Majesty the King and President of the National Initiative for Agricultural Development (NIAD) Consultative Council.</div>Alba CEO Receives People First Leader Award 2021http://www.albasmelter.com/mc/News/Pages/2021/Alba-CEO-Receives-People-First-Leader-Award-2021.aspx<!<div>​​</div> <p><img alt="View Arabic Version" src="/mc/News/PublishingImages/pdficon.gif" /> <a href="/mc/News/PublishingImages/2021_all/211114.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 Chief Executive Officer, Ali Al Baqali, earned a prominent recognition as the winner of ‘People First Leader Award’ during the GCC GOV HR Awarding Ceremony 2021 that was held on 26 October 2021 at InterContinental Dubai Festival City – Dubai, UAE. </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> This Award recognised Al Baqali for his creative initiatives, since his appointment as the CEO in August 2019, towards the development of Alba’s national workforce which include ‘Al Jisr’ Programme for Building Supervisory Skills – a unique programme to develop high-potential non-supervisory employees and prepare them for leadership positions; Training Programmes to initiate new recruits; Business Engagement Plan to utilise the knowledge of Alba-sponsored MBA graduates and the Master Training Plan devised for every employee across the plant. </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> On his win of the coveted People First Leader Award, CEO Ali Al Baqali said: </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> “Success doesn’t come by accident; it is the product of hard work and persistence. Alba can only be strong thanks to its people and our future is tied up to investing in our people. </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> I would like to thank our Executive Management and the Human Resources &amp; Training Department for their dedicated efforts in ensuring the continuity of all training programmes especially amidst COVID-19. </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> Our vision is to be the number one Aluminium supplier for the generations to come and this can only be achieved by our people.” </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> Alba boasts one of the largest national workforces in the Kingdom of Bahrain with around 3,200 employees of whom 84% are Bahraini nationals.</div>Alba endorses Call to Action for Decarbonization to meet Bahrain’s Net Zero Emissions by 2060http://www.albasmelter.com/mc/News/Pages/2021/Alba-endorses-Call-to-Action-for-Decarbonization.aspx<!​​<p><img alt="View Arabic Version" src="/mc/News/PublishingImages/pdficon.gif" /> <a href="/mc/News/PublishingImages/2021_all/211109.pdf" target="_blank"><font color="black">View Arabic version (PDF)</font> </a></p> Aluminium Bahrain B.S.C. (Alba), a leader in Environment, Social and Governance (ESG), has collaborated with a top-class sustainability consultant to develop a fully-fledged roadmap to realise its ambitious ESG goals in line with Bahrain’s commitment for ‘Net Zero Emissions’ by 2060. <br /><br /> Alba’s roadmap will lay out quick wins, short-term and long-terms goals in line with the Company’s Mission to inspire change and boost its status as an Aluminium Stewardship Initiative (ASI) certified aluminium producer. <br /><br /> Alba has recently issued a Public Tender for supplying and installing solar panels for its Solar Farm with a view to diversify its energy sources and adopt clean energy in line with the Kingdom of Bahrain’s Economic Vision 2030 and its Green/Renewable Energy Targets led by His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister. The Solar Farm project will have a capacity of more than 5 MW and cover an approximate surface area of 37,000 sq. mts. spread over operational areas, car parks and Alba Club. <br /><br /> Speaking about Alba’s ESG approach, the Chief Executive Officer Ali Al Baqali said: <br /><br /> “We can’t delegate our ESG transformation, we collectively must own it and embrace it. ESG is not a destination but a journey. What we have is agility and today I call upon each one to embrace our nation’s objectives under the leadership of HRH the Crown Prince and Prime Minister of Bahrain to reach net zero by 2060. <br /><br /> Alba also recently signed an MoU with Bahrain’s Sustainable Energy Authority (SEA) to seek opportunities that will help it leverage SEA’s expertise to find sustainable energy solutions. With more actionable plans in the pipeline to address Climate Change such as clean energy, environment protection, waste management, responsible sourcing, etc., Alba will be using its resources under the leadership of its Chairman of the Board Shaikh Daij bin Salman bin Daij Al Khalifa to play a leading role across its supply-chain to make a difference in what really matters the most – be the ESG change we want to see in the world. <br /><br /> I also take the opportunity to extend my thanks towards Alba’s Chairman of the Board Shaikh Daij bin Salman bin Daij Al Khalifa for inspiring us to go above and beyond and for supporting in our pursuit to realise our ESG objectives in line with Bahrain’s Economic Vision 2030.” ​Alba Reports its Financial Results for the Third Quarter and 9 Months of 2021http://www.albasmelter.com/mc/News/Pages/2021/Alba-Reports-its-Financial-Results-for-the-Third-Quarter-and-9-Months-of-2021.aspx<!<p><img alt="View Arabic Version" src="/mc/News/PublishingImages/pdficon.gif" /> <a href="/mc/News/PublishingImages/2021_all/211031.pdf" target="_blank"><font color="black">View Arabic version (PDF)</font> </a></p> <b><br />Q3 &amp; 9 Months 2021 Financial Performance</b> <br /><br /> Aluminium Bahrain B.S.C. (Alba) (Ticker Code: ALBH), the world’s largest aluminium smelter w/o China, has reported a Profit of BD125.9 million (US$335 million) for the third quarter of 2021, up by 1,184% Year-over-Year (YoY), versus a Loss of BD11.6 million (US$30.9 million) for the same period in 2020. The Company reported Basic and Diluted Earnings per Share of fils 89 for Q3 2021 versus Basic and Diluted Loss per Share of fils 8 for the same period in 2020. The Total Comprehensive Income for Q3 2021 stood at BD126.4 million (US$336.1 million) versus Total Comprehensive Loss for the third quarter of 2020 of BD11.7 million (US$31.1 million) – up by 1,181% YoY. Gross Profit for Q3 2021 was BD157.4 million (US$418.5 million) versus BD25.7 million (US$68.3 million) for the same period in 2020 – up by 513% YoY. With regards to the Revenue in Q3 2021, Alba generated BD388.9 million (US$1,034.2 million) versus BD262.7 million (US$698.6 million) in Q3 2020 - up by 48% YoY. <br /><br /> With regards to the nine months of 2021, Alba has reported a Profit of BD270.7 million (US$720 million), up by 1,320% YoY, versus a Loss of BD22.2 million (US$59.1 million) for the same period in 2020. The Company reported Basic and Diluted Earnings per Share of fils 191 for the nine months of 2021versus Basic and Diluted Loss per Share of fils 16 for the same period in 2020. Alba’s Total Comprehensive Income for the nine months of 2021 was BD275.5 million (US$732.7 million), up by 974% YoY, compared to a Total Comprehensive Loss of BD31.5 million (US$83.8 million) in the same period of 2020. Gross Profit for the nine months of 2021 was BD361.5 million (US$961.5 million) versus BD80.9 million (US$215.1 million) in the same period of 2020 – up by 347% YoY. Alba generated in the nine months of 2021 Revenue of BD1,061.5 million (US$2,823.2 million) versus BD782.6 million (US$2,081.5 million) in the same period of 2020 - up by 36% YoY. <br /><br /> Total Equity as of 30 September 2021 stood at BD1,356.1 million (US$3,606.6 million), up by 26%, versus BD1,079.5 million (US$2,871.1 million) as of 31 December 2020. Alba’s Total Assets as of 30 September 2021 were BD2,555.5 million (US$6,796.6 million) versus BD2,353.7 million (US$6,259.8 million) as at 31 December 2020 - up by 9%. <br /><br /> Alba’s top-line were driven in by higher LME prices (55% YoY in Q3 2021 and 46% YoY in 9 months of 2021) and partially offset by lower Sales’ volume (a drop of 7% YoY in Q3 2021 and 5% YoY in 9 months of 2021) while the bottom-line for Q3 and 9 months of 2021 was driven by higher top-line and partially impacted by higher Selling and Distribution Expenses. <br /><br /> <b>Industry Highlights in Q3 2021</b> <br /><br /> <b>Strong Market Demand Supported by V-Shape Economic Recovery (+7% YoY)</b> <br /> <ul> <li> Market sentiment has been driven by China supply disruptions, a very strong demand, and a tight physical market – all of which had led LME price to hit 10-year high &gt; US$2,700/MT. </li> <li> Double-digit increase in World ex-China consumption (+16% YoY), Europe’s (+16% YoY), and North America’s (+13% YoY) – owing to strong rebound in market recovery and economic activity. </li> <li> Middle East demand continued to be strong (+18% YoY) supported by higher demand in Bahrain &amp; UAE. </li> <li> Chinese consumption almost flat (+1% YoY) due to slow growth in auto and construction market. </li> </ul> <br /> <b>Global Production up by 4% YoY despite being at the Mercy of China’s Power Constraints</b> <br /> <ul> <li> Power restrictions in China trigger substantial cutbacks in throughput (+3% YoY). In total, 3.1 Mtpa capacity were cut, 1.1 million MT greenfield projects were delayed, and 3.9 million MT expansions were pushed back [power cuts impacting Chinese smelters - Yunnan, Guangxi &amp; Mongolia]. </li> <li> Aluminium supply in GCC up by 3% YoY due to the 78Kt expansion at Al Taweela smelter while North America supply down by 2% YoY owing to supply cuts at Kitimat smelter in Canada. </li> <li> World market swings into deficit with China (-492Kt) and w/o China (-251Kt). </li> <li> LME inventories at ~1,230 Kt as of 30 September 2021 (down by 16% YoY). </li> <li> Aluminium: immune from macro headwinds that affected other base-metals. LME-Cash averaged US$2,647/t - up by 55% YoY. </li> </ul> <br /> <b>Alba Major ESG Highlights in Q3 2021</b> <br /> <ul> <li> Proud recipients of SafeGuard Hygiene Excellence and Safety Label from Bureau Veritas (BV), and Bronze Medal from Brandon Hall Group Excellence in Learning Awards (Alba’s “Al Jisr” Programme -- the first initiative of its kind to boost Bahranisation). </li> <li> Recipient of Volunteer Service Award from InJaz Bahrain for contributing 482 volunteer-hours - the highest amongst Bahraini companies. </li> <li> Awarded 41 employees who volunteered to participate in InJaz Bahrain. </li> <li> 99.7% vaccination rate in c. 3,200 workforce. </li> <li> 17 million safe working-hours w/o LTI was achieved on 9 October 2021. </li> <li> Safety measures at Alba’s campus continue with random rapid tests carried out daily at the Company’s gates to Alba employees and contractors’ personnel. All guests are to present their COVID-19 vaccine certificates to enter Alba. </li> </ul> <br /> <b>Alba Major Operational Highlights in Q3 2021</b> <ul> <li> Sales’ volume at 366,151 metric tonnes (MT), down by 7% YoY, owing to logistics’ challenges while Production reached 392,959 MT, up by 2% YoY, thanks to operational efficiencies. </li> <li> Value Added Sales averaged 58% of the total shipments [VAP in MT up by 13% YoY]. </li> <li> Inaugurated the New Jetty Extension &amp; Additional Raw Materials Storage Facilities at the Marine Terminal. </li> <li> Soon to release of Alba’s Fifth Edition of Sustainability Report (w/ quality assurance). </li> <li> First smelter in GCC to publish its ESG Disclosure (climate change reporting) on Carbon Disclosure Project (CDP) - UK. </li> <li> Environmental Conservation Project: construction of Spent Pot Lining (SPL) Treatment Plant is completed. </li> </ul> <br /> <b>2021 Alba Priorities</b> <ul> <li> Be the ESG Change We Want to See in the World. </li> <li> Evolve Towards Safety Excellence &amp; Keep Alba’s Human Capital Safe Amidst COVID-19. </li> <li> Support the Government’s Initiatives &amp; aim is to have 100% vaccinated workforce. </li> <li> Meet 2021 Production Target of 1,540,000 metric tonnes &amp; deliver on AL HASSALAH Savings’ Target of US$70 Million by 2021-end. </li> <li> Screen Potential Upstream Opportunities to Secure 1/3 Alumina Requirements &amp; Continue Dialogue with Hangzhou Jinjiang Group Co. Ltd. </li> <li> Capitalise on Aluminium Stewardship Initiative and Ecovadis Certifications to Penetrate New Markets &amp; Increase VAP Sales. </li> <li> Commission Spent Pot Lining Treatment (SPL) Plant. </li> <li> Focus on Green and Sustainable Initiatives [of which Solar Farm]. </li> </ul> <br /> <font color="black"> Commenting on Alba’s stellar financial performance for the 9 months of 2021, the Chairman of Alba’s Board of Directors, Shaikh Daij Bin Salman Bin Daij Al Khalifa stated: <br /><br /> “Thanks to new-all-time high LME prices in recent months coupled with Alba’s production efficiencies and economies of scale, we continued to set benchmarks and reach new all-time records in our performance: <br /><br /> <ul> <li> Our Profit for the third quarter of 2021 has beaten the Profit for the second quarter by US$88.7 million while our Profit for nine months jumped by 1,320% to US$720 million. </li> <li> EBITDA margin, for the first time in Alba’s history, tops 42.6% in Q3 2021 and 36.5% for the nine months of 2021. </li> <li> Our production has been on a winning streak since the beginning of 2021: 381,933 metric tonnes (MT) in Q1, 391,954 MT in Q2 and 392,959 MT in Q3. </li> </ul> <br /> I take the opportunity to thank the Management team as well as Alba’s labor and employees for going above and beyond to score another strong set of results despite the logistics’ challenges we are facing and look forward to close 2021 stronger with new precedents on all fronts – financial and operational.” <br /><br /> Alba’s Chief Executive Officer, Ali Al Baqali, added: <br /><br /> “Alba today joins the US$700 million club for the first time in its history with its Profits topping US$720 million for the nine months of 2021. We have reached this all-time record in our profits thanks to the resilience we have gained from Line 6 Expansion Project. <br /><br /> As we accelerate our transformation with a new sense of ESG urgency, we at Alba are open to new possibilities ahead to achieve a sustainable growth. I am also pleased to report that since the beginning of October, we didn’t have any COVID-19 infection in our c. 3,200 workforce and no employee was quarantined till-date.” <br /><br /> Alba Management will hold a conference call on Monday 01 November 2021 at 3 PM Bahrain Time to discuss its financial and operational performance for Q3 and 9 months of 2021, outline the Company's priorities for 2021 as well as provide an update on the current market conditions and outlook for 2021-2022. </font>​Alba launches its second ESG Campaign ‘Shaping Our Future’http://www.albasmelter.com/mc/News/Pages/2021/Alba-launches-its-second-ESG-Campaign-Shaping-Our-Future.aspx<!<div>​​</div> <p><img alt="View Arabic Version" src="/mc/News/PublishingImages/pdficon.gif" /> <a href="/mc/News/PublishingImages/2021_all/211024.pdf" target="_blank"><font color="black">View Arabic version (PDF)</font> </a></p> <div style="text-align:justify"> Aluminium Bahrain B.S.C. (Alba), one of the world’s leading smelters in Sustainable Development, launched its second plant-wide Environment, Social, and Governance (ESG) Awareness Campaign “Shaping Our Future” today Sunday 24 October 2021. Alba’s Chief Executive Officer Ali Al Baqali kick-started this Campaign with a virtual keynote that highlighted the Company’s progress and adaptability in respect to ESG as well as the integration of Bahrain’s Economic Vision 2030 Objectives and UN Sustainable Development Goals (SDGs) into Alba’s 5-year strategy. </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> Speaking on this occasion, CEO Ali Al Baqali said: </div> <div style="text-align:justify"> “To anchor sustainability at the heart of Alba, we have linked ESG in every aspect of our operations; this was also underlined in our Mission on how to remain competitive while charting a path to greater economic and social well-being. This Campaign is a progression of our first campaign ‘Achieving the Balance’ which was held in June 2021 through which we aim to address various topics to be the ESG change we want to see in the world.” </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> Concluding on 04 November 2021, the Campaign will feature more than 20 informative sessions by employees from across the plant, delivered via a hybrid approach – virtual and in person – and touch upon numerous ESG topics, including Carbon Footprint, Cyber Security, Industry 4.0, Safety as a Social Responsibility, and Water Management among many others. </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> Correspondingly, as part of this Campaign, Alba extended its green initiatives beyond its premises to plant more trees on the main roads around the smelter, thus joining the National Initiative for Agricultural Development (NIAD) &quot;Forever Green&quot; Campaign being held under the patronage of HRH Princess Sabeeka bint Ibrahim Al-Khalifa, Wife of His Majesty the King and President of NIAD Consultative Council. </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> To-date, the Company is on course with its ‘Safety Excellence’ journey by topping more than 17.5 million safe working-hours. </div>Alba Delegation led by its Chairman of the Board at the 24th Arab-German Business Forum 2021http://www.albasmelter.com/mc/News/Pages/2021/24th-Arab-German-Business-Forum-2021.aspx<!<p style="text-align:justify"><img alt="View Arabic Version" src="/mc/News/PublishingImages/pdficon.gif" /> <a href="/mc/News/PublishingImages/2021_all/211006.pdf" target="_blank"><font color="black">View Arabic version (PDF)</font> </a></p> <div> </div> <div> </div> <div style="text-align:justify">Aluminium Bahrain B.S.C. (Alba)’s Chairman of the Board of Directors, Shaikh Daij bin Salman bin Daij Al Khalifa, was a keynote speaker at the 24th Arab-German Business Forum 2021 that was held from 04 to 06 October 2021 at the Hotel Ritz-Carlton Berlin, Germany. </div> <div style="text-align:justify"> </div> <div style="text-align:justify">The three-day Arab-German Business Forum is a leading platform for promoting Arab-German business relations, and comprises panel discussions, Ambassador roundtables and country workshops with the participation of high-level speakers who focus on key sectors with economies that create opportunities and growth. </div> <div style="text-align:justify"> </div> <div style="text-align:justify">Alba’s Chief Executive Officer Ali Al Baqali and Chief Marketing Officer Khalid A. Latif were key members of the Panel Discussions at the Forum, which was also attended by Alba’s Director Marketing Boris Santosi and Director Investor Relations, Insurance &amp; Corporate Secretary Eline Hilal. </div> <div style="text-align:justify"> </div> <div style="text-align:justify">In his keynote address at the 24th Arab-German Business Forum, Alba’s Chairman of the Board Shaikh Daij bin Salman bin Daij Al Khalifa thanked Ghorfa for playing a key role in promoting economic and business relations between Germany and the Arab countries. Emphasizing on the excellent partnerships between German companies and Alba that go back to decades, Shaikh Daij said: “Over the last fifty years throughout Alba’s expansion projects, German companies have been our trusted partners on many fronts due to their renowned technological expertise. We are truly proud of the strong ties that we have developed together with our German associates over the years.” </div> <div style="text-align:justify"> </div> <div style="text-align:justify">Adding further: “Bahrain is one of the most friendly countries in the Middle East and we look forward to see more German participation in Bahrain’s manufacturing sector especially in our aluminium downstream cluster as Alba’s Line 6 Expansion Project has added 540,000 metric tonnes per annum (mtpa) to Alba’s +1,000,000 mtpa built-in capacity.” </div> <div style="text-align:justify"> </div> <div style="text-align:justify">As a panelist on the ‘Digitalization: How Industry 4.0 can drive Diversification in the Middle East’ discussion, Alba’s CEO Ali Al Baqali gave a snapshot on Alba’s digital aspirations and emphasised on the Company’s prime Savings Programme ‘Al Hassalah’ which aims to achieve US$100 million by the end of 2022. Al Baqali said: “Digital transformation is part of Alba’s five-year strategy. We believe that the various digitisation projects - ongoing and the ones we plan to do in the near future - will progress our transition towards Industry 4.0 - in line with the Bahrain’s Economic Vision 2030.” </div> <div style="text-align:justify"> </div> <div style="text-align:justify">Alba’s CMO Khaled A. Latif, who was part of the Panel Discussion on ‘Logistics and Transport: The Mobility and Connectivity Transition in the Arab World’, said: “We know the global logistics issue is a challenge for many, but such challenges are not show-stoppers for us as we are fully committed to finding ways and means to delivering our metal to our clients on time, and wherever they are.” </div>Alba Chairman visits Power Stations 3 & 5http://www.albasmelter.com/mc/News/Pages/2021/Aluminium-Bahrain-B-S-C-Albas-Chairman-of-Board-of-Directors,-Shaikh-Daij-Bin-Salman-Bin-Daij-Al-Khalifa-paid-a-field.aspx<!<div><img alt="View Arabic Version" src="/mc/News/PublishingImages/pdficon.gif" /> <a href="/mc/News/PublishingImages/2021_all/211003.pdf" target="_blank"><font color="black">View Arabic version (PDF)</font> </a></div> <p></p> <div style="text-align:justify"> Aluminium Bahrain B.S.C. (Alba)’s Chairman of Board of Directors, Shaikh Daij Bin Salman Bin Daij Al Khalifa, paid a field visit to Alba Power Stations 3 &amp; 5 control rooms on Thursday 30 September 2021. </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> Alba’s Chief Executive Officer Ali Al Baqali, Chief Power Officer Amin Sultan and other top officials accompanied the Chairman of the Board during his visit for the first time inside the plant since the dawn of COVID-19 pandemic. </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> Commenting on this visit, Alba’s Chairman Shaikh Daij bin Salman bin Daij Al Khalifa said: </div> <div style="text-align:justify"> “It is good to be back on site and see our workforce in person and in action since the start of this pandemic. And this field trip is one of the many visits I am planning to do inside Alba within this year. I chose to start with our Power Stations as without seamless captive power, we can’t produce Aluminium metal. I take the opportunity to thank the Power Operations and Power Maintenance teams for their efforts in ensuring our operations are running at full capacity.” </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> Adding further: </div> <div style="text-align:justify"> “It is worth noting that our Power Station 5 (PS5), hosting 3 Gas Turbines, 3 Steam Turbines and 3 heat recovery steam generators, is the biggest and most efficient Power Plant in Bahrain. PS5 has been a game-changer for us as it has scaled-up our operational efficiency especially in terms of lower production cost, lower Green House Gas (GHG) emissions and lower gas consumption – all of which has made PS5 one of the most efficient combined cycle power plant in the Gulf region.” </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> Alba Power Plants built-in capacity is 3,665 MW and Alba plant requires 2,560 MW. </div>Alba holds its Q3 2021 BoD Meeting in-person for the first time since COVID-19 pandemichttp://www.albasmelter.com/mc/News/Pages/2021/Alba-holds-its-Q3-2021-BoD-Meeting-in-person-for-the-first-time-since-COVID-19-pandemic.aspx<!<div>​​</div> <p><img alt="View Arabic Version" src="/mc/News/PublishingImages/pdficon.gif" /> <a href="/mc/News/PublishingImages/2021_all/210929.pdf" target="_blank"><font color="black">View Arabic version (PDF)</font> </a></p> <div style="text-align:justify"> Aluminium Bahrain B.S.C (Alba), the world’s largest aluminium smelter ex-China, held its first in-person BoD Meeting for the third quarter of 2021 on Wednesday 29 September 2021 at Alba Oasis Hall. </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> The Chairman of Alba’s Board of Directors, Shaikh Daij Bin Salman Bin Daij Al Khalifa, started the Board meeting with a welcoming note to the Board of Directors and Alba Executives and stated: </div> <div style="text-align:justify"> “We are very thankful to the Kingdom of Bahrain’s Leadership for everything they have done since the start of COVID-19 pandemic and towards His Royal Highness Prince Salman bin Hamad Al Khalifa the Crown Prince and Prime Minister for his hands-on efforts along with all frontliners’ in Bahrain to bring us to where we are today: citizens and residents in order to keep us safe. We were able to conduct this Board Meeting in-person since the start of the COVID-19 pandemic back in 2020 thanks to the hands-on efforts put through in the last 1.5 years. </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> Adding further: </div> <div style="text-align:justify"> “While the value of human interaction cannot be overlooked, we, at Alba, have been agile as we have implemented virtual meetings from the onset and have recently started to transition into in-person meetings. </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> As we navigate through this pandemic, we have set new benchmarks in terms of operational and financial performance (breaking an all-time records in terms higher production, EBBITDA and Net Profits for the first half of 2021) as well as on the ESG front especially as we have recently signed a Memorandum of Understanding between Alba and Sustainable Energy Authority (SEA) to implement various sustainable energy initiatives of common interest – this will consolidate our efforts one step further towards our race towards decarbonization.” </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> During the Q3 BoD Meeting, the Board approved the Minutes of the previous meeting as well as reviewed Reports of the Executive Committee, Board Audit Committee and the Nomination, Remuneration and Corporate Governance Committee. </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> The Meeting also provided insights on Alba’s overall performance in terms of Productivity amidst high raw materials prices, overall Sales with the global logistics’ issue, Safety (achieving more than 16.5 million safe working-hours to-date and more than 99.7% vaccination in our workforce) and Plant performance, financial performance-to-date, Al Hassalah programme, and Spent Pot Lining Treatment Plant construction progress. In addition, an update was given on the 5-year strategic initiatives to include a feasibility study on the possibility of Alba power assets’ spin-off. After a thorough review at the Board meeting, it was decided not to pursue this matter given the high risks associated with the divestment of the Company’s power assets. </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> 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. </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> The Board of Directors meeting was held with protocols and guidelines for COVID-19 as issued by Bahrain National Medical Task Force for Combatting the Coronavirus. </div>Alba Chairman Inaugurates the New Jetty Extension & Additional Raw Materials’ Storage Facilities at the Company’s Marine Terminalhttp://www.albasmelter.com/mc/News/Pages/2021/Alba-Chairman-Inaugurates-the-New-Jetty-Extension--Additional-Raw-Materials-Storage-Facilities-at-Marine.aspx<!<div>​​</div> <p><img alt="View Arabic Version" src="/mc/News/PublishingImages/pdficon.gif" /> <a href="/mc/News/PublishingImages/2021_all/210830.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 Chairman of the Board of Directors, Shaikh Daij bin Salman bin Daij Al Khalifa, inaugurated the Company’s Marine Jetty Extension in a ceremony that was held on Monday 30 August 2021, with the presence of Alba’s Chief Executive Officer, Ali Al Baqali, and other Company’s officials. </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> The ceremony marked the successful completion of a master project that aimed to upgrade the existing Marine facility and expand its capacity to meet the Company’s increased production following the commissioning of Reduction Line 6, which boosted Alba’s overall output by more than 50%. </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> As part of this project, the North Jetty at Alba’s Marine was extended by 24 metres to accommodate bigger ships such as 60,000 tonnes Panamax alumina vessels and be able to receive more than 3 million metric tonnes of alumina per annum. Moreover, the Jetty was equipped with a state-of-the-art Dual-Purpose Vacuum Ship-Unloader which will enable the Company to faster discharge its raw materials and gain additional days for routine maintenance work on site. </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> In addition to the upgrades made at the Jetty, a new 50,000-tonne alumina concrete storage silo was built at Alba’s Marine bringing the total alumina storage to 3 silos on-site with a total built-in capacity of 150,000 tonnes. A new Truck Loading Station was added on top of the existing one at the site. The Marine Terminal upgrades were necessary to be on the very top, meet Alba’s additional requirements and support the business operations round-the-clock. </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> The Marine Jetty extension project was constructed over a period of 2.5 years and maintained the highest safety standards by achieving 1.6 million safe working hours without a single loss time injury (LTI). </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> On this occasion, Alba’s Chairman of the Board of Directors, Shaikh Daij bin Salman bin Daij Al Khalifa, said: </div> <div style="text-align:justify"> “Today marks an important milestone, not only for our Marine Terminal but also for Alba. </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> With the seamless infrastructure of our Marine operations, Alba will strengthen its competitiveness in the global Aluminium industry all the while support Bahrain Vision 2030. This expansion marks our commitment to secure importing additional raw materials following the successful completion of Line 6 Expansion Project in 2019 which has made Alba the largest smelter in the world ex-China with a built-in production capacity of more than 1.5 million metric tonnes per annum. </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> I take the opportunity to thank each and every employee, contractor and partner for their contribution to the safe and successful completion of this project.” </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> Alba’s Chief Executive Officer, Ali Al Baqali, added: </div> <div style="text-align:justify"> “We managed to finish the Jetty-upgrade and related facilities on time especially as our Marine Terminal never stopped its operations during the construction work. The basis for this success story goes to our team unique-capabilities and know-how in overseeing the upgrade all the while making sure that Marine Terminal continued to meet Alba’s requirements for smooth operations.” </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> The inauguration ceremony was held in compliance with the directives of the National Medical Taskforce for Combatting COVID-19, and it was attended by members of Alba’s Executive Management, Directors and involved Project team members. </div> ​​​​