ALBAhttp://www.aluminiumbahrain.com©2011 ALBAALBA News Feedssomeone@alba.com.bhsomeone@alba.com.bhAlba Management conducts after-Iftar Safety Visitshttp://www.albasmelter.com/mc/News/Pages/2019/Alba-Management-conducts-after-Iftar-Safety-Visits.aspx<!<div>​​</div> <p><img alt="View Arabic Version" src="/mc/News/PublishingImages/pdficon.gif" /> <a href="/mc/News/PublishingImages/2019_all/190519.pdf" target="_blank"><font color="black">View Arabic version (PDF)</font></a></p> <div style="text-align:justify"> As part of Aluminium Bahrain B.S.C. (Alba)’s ongoing “Safety in Special Times” Campaign, the Executive and Management teams have been conducting its annual after-Iftar visits to various areas of the plant during the Holy Month of Ramadan. </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> The aim of the after-Iftar visits is to improve Safety awareness amongst Alba employees and contractors as well as encourage them to stay healthy during Ramadan. </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> Speaking on this occasion, Alba’s deputy Chief Executive Officer, Ali Al Baqali, said: </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> “We believe in appreciating the efforts of our employees during the Holy Month of Ramadan, which is a challenging time for all. Through these after-Iftar visits, we look forward to spend quality time with our employees and boost their morale, whilst at the same time help them stay focused on Alba’s overarching Safety objectives.&quot;</div> <div style="text-align:justify"> </div> <div style="text-align:justify"> The after-Iftar visits by the Management team will continue throughout the Holy Month of Ramadan.</div> ​Alba marks 5 million working-Hours without LTIhttp://www.albasmelter.com/mc/News/Pages/2019/Alba-marks-5-million-working-Hours-without-LTI.aspx<!<p><img alt="View Arabic Version" src="/mc/News/PublishingImages/pdficon.gif" /> <a href="/mc/News/PublishingImages/2019_all/190514.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, announced that it had successfully achieved a major Safety milestone of 5 million working-hours without Lost Time Injury (LTI) on 30 April 2019. </div> <div style="text-align:justify"> </div> <div style="text-align:justify">Commenting on this occasion, Alba’s Chief Executive Officer Tim Murray said: </div> <div style="text-align:justify">“I am proud to say that Alba has a strong Safety and Health culture driven by employees’ ownership of Safety collectively. </div> <div style="text-align:justify">As we approach the hot summer months, we have to prepare well and step-up our efforts to ensure that Safety is always a priority. With extreme preparation and mutual commitment, we will go beyond the 5 million working- hours and set a new benchmark in Safety.” </div> <div style="text-align:justify"> </div> <div style="text-align:justify">Tim Murray along with members of the Executive Management team welcomed employees at Alba Gates on Sunday 05 May 2019 to congratulate them on the Safety milestone as well as wish them a safe and healthy Ramadan. </div>Alba to host ARABAL 2019http://www.albasmelter.com/mc/News/Pages/2019/Alba-to-host-ARABAL-2019.aspx<!<div>​​</div> <p><img alt="View Arabic Version" src="/mc/News/PublishingImages/pdficon.gif" /> <a href="/mc/News/PublishingImages/2019_all/190512.pdf" target="_blank"><font color="black">View Arabic version (PDF)</font></a></p> <div style="text-align:justify"> Aluminium Bahrain B.S.C. (Alba) announced that it will host the prestigious Arab International Aluminium Conference (ARABAL) 2019 under the patronage of HRH Prince Khalifa bin Salman Al Khalifa the Prime Minister of the Kingdom of Bahrain from 19 – 21 November 2019 at the Gulf Hotel, Bahrain. </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> Held under the theme ‘Shaping the Future of Aluminium in the Arab Region’, ARABAL 2019 is being hosted for the fifth time by the Kingdom of Bahrain. </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"> </div> <div style="text-align:justify"> “ARABAL is reputed as one of the premium platforms for the aluminium industry in the Arab world that brings together the who’s who of the aluminium industry across the globe. </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> Being the first aluminium smelter in the GCC, Alba is privileged to host the 36th edition of the prestigious ARABAL under the patronage of the Prime Minster HRH Prince Khalifa bin Salman Al Khalifa. We look forward to welcoming our peers and industry experts to showcase Bahrain’s thriving aluminium sector. </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> We look forward to hosting ARABAL 2019 at a time that Alba’s evolution to become the largest aluminium smelter is moving ahead as planned.” </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> ARABAL, which started in 1983 and will be hosted by Aluminium Bahrain B.S.C. (Alba) as it is on course to be the world’s largest aluminium smelter, has become an event of international repute, bringing together industry leaders from around the world to discuss current issues in the aluminium sector whilst also exploring investment opportunities. It comprises a conference focusing on the current industry prospects and challenges, as well as an international exhibition coupled with workshops, site-visits and networking platforms. </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> For ARABAL 2019, Topics, exhibitors, sponsors and speakers will be announced soon on the website <a href="https://www.arabal.com/" target="_blank">www.arabal.com​</a></div>Alba Receives International Aluminium Institute Board Membershttp://www.albasmelter.com/mc/News/Pages/2019/Alba-Receives-International-Aluminium-Institute-Board-Members.aspx<!<p style="text-align:justify"><img alt="View Arabic Version" src="/mc/News/PublishingImages/pdficon.gif" /> <a href="/mc/News/PublishingImages/2019_all/190507.pdf" target="_blank"><font color="black">View Arabic version (PDF)</font> </a></p> <div style="text-align:justify">Aluminium Bahrain B.S.C. (Alba) welcomes the Board Members of International Aluminium Institute (IAI) to Alba campus on Monday 29 April 2019 as part of the IAI Annual General Meeting and Board’s Meeting held on April 28-29, 2019 at the Ritz Carlton, Bahrain. </div> <div style="text-align:justify"> </div> <div style="text-align:justify">Received by Alba’s Chief Executive Officer, Tim Murray, and the Executive Management team at Alba, IAI delegation consisted of 26 representatives from various member companies of the primary and secondary aluminium industries. </div> <div style="text-align:justify"> </div> <div style="text-align:justify">Commenting on this visit, Alba’s CEO, Tim Murray, said: </div> <div style="text-align:justify">“It is our pleasure to receive industry leaders from around the world and showcase them Alba’s evolution over the last five decades. We are equally pleased to share the latest developments of our flagship Line 6 Expansion Project as we progress to become the largest smelter in the world once Line 6 is fully operational.” </div> <div style="text-align:justify"> </div> <div style="text-align:justify">The delegation was given an up-close and personal tour to Alba operations and Line 6 Expansion Project site.</div>Alba marks 50% milestone on Line 6 start-uphttp://www.albasmelter.com/mc/News/Pages/2019/Alba-marks-50-milestone-on-Line-6-start-up-.aspx<!<p><img alt="View Arabic Version" src="/mc/News/PublishingImages/pdficon.gif" /> <a href="/mc/News/PublishingImages/2019_all/190505.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 largest aluminium smelter in the world, announced that it has successfully started additional 106 pots in Line 6 bringing by that 212 pots into life which is equivalent to 50% of Line 6 capacity on Thursday 18 April 2019. </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 attended the ceremony to mark this milestone, which was held on Tuesday 30 April, in the presence of Alba CEO Mr. Tim Murray, Alba Executive Management Team, Line 6 Start-up Team along with senior Bechtel officials. </div> <div style="text-align:justify"> </div> <div style="text-align:justify">Commenting on this occasion, the Chairman of Alba’s Board of Directors, Shaikh Daij Bin Salman Bin Daij Al Khalifa, said: </div> <div style="text-align:justify">“We are excited to have progressed the ramp-up of Line 6 pots ahead of plan by 12 days. With 50% of Line 6 operational, we look forward to advance the safe commissioning of the remaining 212 pots on schedule and to move closer to full production by Q3 2019. </div> <div style="text-align:justify"> </div> <div style="text-align:justify">Alba Potline 6 was commissioned on 13 December 2018, ahead of schedule, with the delivery of the First Hot Metal. Since then, there has been a gradual ramp-up of Potline 6 with the successful start of 106 pots achieved on 26 March 2019.</div> <div style="text-align:justify"> </div> <div style="text-align:justify">Alba is now looking at the full completion of Line 6 by early Q3 2019. </div>Alba Discloses its Financial Results for the First Quarter of 2019http://www.albasmelter.com/mc/News/Pages/2019/Alba-Discloses-its-Financial-Results-for-the-First-Quarter-of-2019.aspx<!<p><img alt="View Arabic Version" src="/mc/News/PublishingImages/pdficon.gif" /> <a href="/mc/News/PublishingImages/2019_all/190430.pdf" target="_blank"><font color="black">View Arabic version (PDF)</font> </a></p> <b>Q1 2019 Financial Performance</b> <ul>For the first quarter of 2019, Alba’s top-line and bottom-line were primarily impacted by lower LME price, down by 14% Year-over-Year (US$ 1,859/t in Q1 2019 versus US$ 2,159/t in Q1 2018) and historically higher Alumina prices respectively [21% of LME price in Q1 2019 versus 18% of LME price in Q1 2018]. <br /><br />The Company reported a Net Loss of BD 15.8 million (US$ 42 million) compared to a Net Profit of BD 33.9 million (US$ 90 million) for the first quarter of 2018, down by 147% YoY. The Company posted a Gross Profit of BD 0.850 million (US$ 2.3 million) versus a Gross Profit of BD 40 million (US$ 106.3 million) for the first quarter of 2018, down by 98% YoY. With regards to Total Sales/Revenues, Alba generated BD 203.5 million (US$ 541.3 million) in Q1 2019 versus BD 221.3 million (US$ 588.5 million) in Q1 2018, a drop of 8% YoY. In Q1 2019, The Company reported a Loss per Share of fils 11 versus Earning per Share of fils 24 in Q1 2018. <br /><br />Alba’s Total Assets as at March 31, 2019 stood at BD 2,259.9 million (US$ 6,010.3 million) versus BD 2,208.7 million (US$ 5,874.3 million) as at 31 December 2018, up by 2% YoY. Total Shareholders’ Equity as at March 31, 2019 stood at BD 1,057.8 million (US$ 2,813.3 million), down by 1% YoY, versus BD 1,073.5 million (US$ 2,855 million) as at December 31, 2018. </ul> <b>Q1 2019 Industry Highlights</b> <br /><ul><li>World Consumption almost flat (~1% YoY). MENA demand up by 8% YoY mainly driven by major infrastructure spending in KSA (+20% YoY). Economic headwinds in Europe tighten metal demand (+2% YoY) while North America demand rose by 1% YoY supported by auto production. As for China, the slowdown in construction and weak auto demand weighed on its consumption (flat growth). </li> <li>Global Production - Modest Growth at +1.5% YoY. Chinese new capacity ramp-up gains momentum with 2% YoY while the 10% tariff on aluminium imports was behind the progressive smelters’ restarts in North America (+7% YoY). The World market is in surplus with China (+278 Kt) and in deficit w/o China (-571 Kt). </li> LME inventories at ~1.1 million MT as of March-end (down by 14% YoY). LME-Cash averaged US$1,859/t (down by 14% YoY) and the Physical premium prices are under pressure. <li>Q2 2018 cash-average was $2,259/t with LME ranging between $1,967/t on April 6 and $2,602/t on April 19. </li> <li>LME inventories at 1.1 million metric tonnes in June 2018. </li></ul> <br /><b>Q1 2019 Alba Highlights</b> <ul><li>Continuous improvement in Plant Safety with the launch of ‘Safety Gateway’ Campaign </li> <li>The achieved benefits of Titan – Phase IV are US$ 9 million </li> <li>Sales volume up by 2% YoY (257,113 mt) and production up by 5% YoY (272,707 mt) </li> <li>Alba Value-Added Sales averaged 52% of total shipments in Q1 </li> <li><b>Line 6 Expansion Project Milestones:</b> </li> <ul><li>Line 6 Smelter: 50% of Line 6 capacity in full operation (212 pots out of 424 pots) by 18 April 2019</li> <li>Line 6 Smelter’s Overall Progress advanced by &gt; 88% </li> <li>Power Expansion Project [PS5 &gt; 89% &amp; PDS &gt; 97%]</li></ul></ul> <br /><b>2019 Alba Priorities</b> <ul><li>Continued focus on Safety ‘Launch of Safety Gateway Campaign’</li> <li>Deliver on Project Titan - Phase IV [US$ 40 million by end of 2019]</li> <li>Focus on Value-Added Sales </li> <li>Develop upstream opportunities on Alumina</li> <li>Complete Line 6 ramp-up safely in early Q3 2019</li></ul> <ul></ul> <br /><font color="black">In addition, the Board of Directors approved the Executive Management changes as part of its ongoing succession plan: Mr. Tim Murray, the current Alba CEO, will step-down on 31st July 2019 to relocate to the United States and Mr. Ali Al Baqali, the current Deputy CEO, will be appointed as acting CEO effective 01st August 2019. As part of this transition, Mr. Murray will continue with the Company as an advisor to the Alba’s Board Chairman. <br /><br />Commenting on the changes, the Chairman of Alba’s Board of Directors, Shaikh Daij Bin Salman Bin Daij Al Khalifa said: <br />“I would like to thank Tim for his many years of service in Alba. Over the past 7 years as Alba’s CEO, Tim transformed the Company’s Safety culture. He also played an instrumental role in the success of Line 6 Expansion Project which started ahead of schedule in December 2018. We wish Tim all the best as he returns to his family. <br />As we are facing many headwinds in the market in particular the impact of higher Alumina prices, we will be focused on our Project Titan Program as well as increase our production to offset the market challenges in the 2nd half of this year. <br /><br />I also take the opportunity to congratulate Ali Al Baqali on his planned appointment to acting CEO of Alba. Ali brings many years of leadership from within the Company and I look forward to a smooth transition.” <br /><br />Commenting on Alba’s financial performance in Q1 2019, Alba’s Chief Executive Officer Tim Murray stated: “Despite the bearish market sentiment and lower LME prices, Alba continues to outperform its industry peers. We are also targeting to complete the ramp-up of Line 6 in the 3rd quarter of 2019 which will provide a significant boost to our bottom-line.” <br /><br />Alba Management will be holding the quarterly conference call on Thursday May 2, 2019 to present and discuss Alba's financial performance for the first quarter of 2019 as well as outline the Company's priorities for the remainder of the year. </font>Alba sponsors 24th World Aluminium Conferencehttp://www.albasmelter.com/mc/News/Pages/2019/24th-World-Aluminium-Conference.aspx<!<p style="text-align:justify"><img alt="View Arabic Version" src="/mc/News/PublishingImages/pdficon.gif" /> <a href="/mc/News/PublishingImages/2019_all/190425.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 a key sponsor and participant in one of the anticipated events of the aluminium industry, the CRU’s 24th World Aluminium Conference that is being held from 24 – 26 April 2019 at the Jumairah Carlton Tower, London. </div> <div style="text-align:justify"> </div> <div style="text-align:justify">More than 210 delegates -- representing 129 companies from 41 countries -- are participating in this year’s conference. Alba’s Marketing Director Boris Santosi, Alba America’s Manager Patrick Hudson, Strategic Supply and Planning Manager Moh’d Khalid and acting Public Relations Manager Abdulla Seyadi represented Alba at this event. </div> <div style="text-align:justify"> </div> <div style="text-align:justify">Commenting on Alba’s participation in this Conference, Alba’s Chief Executive Officer, Tim Murray, said: </div> <div style="text-align:justify">“We look forward to engage with industry experts to effectively address the challenges our industry are facing to improve the market sentiment. Such gatherings provide us with the right platform to meet with our peers, existing and potential business partners as we are on course to become the world’s largest aluminium smelter.” </div> <div style="text-align:justify"> </div> <div style="text-align:justify">CRU’s World Aluminium Conference provides in-depth insights on supply, demand, price, premiums, sustainability and costs for the benefit of a highly-influential audience from the global aluminium industry. </div>Alba hosts Bahrain Basketball All Stars Dayhttp://www.albasmelter.com/mc/News/Pages/2019/Alba-hosts-Bahrain-Basketball-All-Stars-Day.aspx<!<p><img alt="View Arabic Version" src="/mc/News/PublishingImages/pdficon.gif" /> <a href="/mc/News/PublishingImages/2019_all/190423.pdf" target="_blank"><font color="black">View Arabic version (PDF)</font> </a></p> <div style="text-align:justify">Aluminium Bahrain B.S.C. (Alba) demonstrated its long-standing support to Bahrain’s sporting activities by hosting the Bahrain Basketball All-Stars Day in cooperation with the Global Coach Basketball Academy on Saturday 20 April 2019 at Alba Club. </div> <div style="text-align:justify"> </div> <div style="text-align:justify">Led by the renowned former NBA coach and player Sam Vincent, the All-Stars Day is a special event held by Global Coach Basketball Academy at the conclusion of the Leadership and Basketball Camp for Youngsters. </div> <div style="text-align:justify"> </div> <div style="text-align:justify">Commenting on this event, Alba’s Chief Executive Officer, Tim Murray, said: </div> <div style="text-align:justify">“We are pleased to support such an initiative that not only equips young players with the necessary basketball skills, but also incorporates the necessary leadership skills-set to win as One Team.” </div> <div style="text-align:justify"> </div> <div style="text-align:justify">The event also witnessed a fierce match between Bahrain All Stars and Naval Support Activity (NSA) Bahrain, which concluded with the win of Bahrain All Stars team by 84 – 64.</div>Alba CEO Conducts “Thanks for the Feedback” Workshophttp://www.albasmelter.com/mc/News/Pages/2019/Alba-CEO-Conducts-Thanks-for-the-Feedback-Workshop.aspx<!<p><img alt="View Arabic Version" src="/mc/News/PublishingImages/pdficon.gif" /> <a href="/mc/News/PublishingImages/2019_all/190421.pdf" target="_blank"><font color="black">View Arabic version (PDF)</font> </a></p> <div style="text-align:justify">Aluminium Bahrain B.S.C. (Alba), renowned for its pioneering role in employee-training and development, held a one-day workshop titled “Thanks for the Feedback” for Alba’s Executives, Directors, and Managers on Thursday, 18 April 2019 at Alba SHE Hall. </div> <div style="text-align:justify"> </div> <div style="text-align:justify">Alba’s Chief Executive Officer, Tim Murray, presented the workshop based on the best-seller book ‘Thanks for the Feedback’ and highlighted the three kinds of feedback companies must utilise to be effective: evaluation, coaching and appreciation. This workshop was customised to teach key takeaways that address Alba’s challenges as well as promote the culture of feedback and a growth mind-set. </div> <div style="text-align:justify"> </div> <div style="text-align:justify">Commenting on this workshop, Alba’s CEO, Tim Murray, said: </div> <div style="text-align:justify">“Pushing ourselves out of a fixed mind-set is key to embrace challenges ahead. And the only way to adopt a growth mind-set is to accept feedback positively. </div> <div style="text-align:justify"> </div> <div style="text-align:justify">Workshops such as these play an important role in enabling our future leaders to accept feedback in order to grow especially with Alba’s transformation into the world’s largest aluminium smelter.” </div> <div style="text-align:justify"> </div> <div style="text-align:justify">Based on the best-seller book “Thanks for the Feedback”, by Sheila Heen and Douglas Stone this workshop comes in continuum of various initiatives led by CEO Murray to coach Alba employees from various levels. </div>Alba Expands its Production & Sales Volume in Q1 2019http://www.albasmelter.com/mc/News/Pages/2019/Alba-Expands-its-Production-Sales-Volume-in-Q1-2019.aspx<!<p style="text-align:justify"><img alt="View Arabic Version" src="/mc/News/PublishingImages/pdficon.gif" /> <a href="/mc/News/PublishingImages/2019_all/190411.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 the go to be transformed into the largest smelter in the world, expands its overall sales volume and throughput for the first quarter of 2019 despite the downward pressure on LME prices. </div> <div style="text-align:justify"> </div> <div style="text-align:justify">The sales’ volume topped 257,113 metric tonnes (mt) in this quarter, up by 2% Year-over-Year (YoY) while the production jumped to 272,707 mt, up by 5% YoY. Alba closed this quarter with Value-Added (VA) Sales averaging 52% of total shipments versus 58% for the same period in 2018. </div> <div style="text-align:justify"> </div> <div style="text-align:justify">Commenting on Alba’s Sales’ volume and Production for Q1 2019, Alba’s Chief Executive Officer, Tim Murray said: </div> <div style="text-align:justify">“We are very pleased to have kicked-off 2019 strong despite market volatility. </div> <div style="text-align:justify">As we get closer to fully ramp-up Line 6 within Q3 2019, Alba will be positioned to further improve its operational performance and build upon the progress we made since we started Line 6 Expansion Project.” </div> <div style="text-align:justify"> </div> <div style="text-align:justify">Aluminium Bahrain B.S.C. (Alba) will release its first quarter 2019 Financial Results to the public on 30 April 2019 as well as upload the IR presentation on its Investor Relations section at www.albasmelter.com </div>