ALBAhttp://www.aluminiumbahrain.com©2011 ALBAALBA News Feedssomeone@alba.com.bhsomeone@alba.com.bhAlba expresses solidarity with the Kingdom of Bahrain to combat COVID-19http://www.albasmelter.com/mc/News/Pages/2020/Alba-expresses-solidarity-with-the-Kingdom-of-Bahrain-to-combat-COVID-19.aspx<!<p><img alt="View Arabic Version" src="/mc/News/PublishingImages/pdficon.gif" /> <a href="/mc/News/PublishingImages/2020_all/200325.pdf" target="_blank"><font color="black">View Arabic version (PDF)</font></a></p> The world’s largest aluminium smelter ex-China, Aluminium Bahrain B.S.C. (Alba) expressed solidarity with the Kingdom of Bahrain’s efforts to combat the Coronavirus disease (COVID-19). <br /><br />As a responsible corporate citizen and in addition to following the directives and recommendations of the Kingdom of Bahrain, Alba has taken the lead in enforcing strict protocols and methods to protect its employees and contractors from COVID-19. With one of the biggest workforces in Bahrain, Alba has introduced numerous Safety initiatives across the plant and various departments as early as January 2020. <br /><br />COVID-19 awareness sessions for employees and contractors were and are being conducted by Alba Health Care team regularly via video-messaging and online platforms. Other key measures includes sanitization of different departments and shop-floor areas, social distance markings, distribution of protective kits comprising gloves and masks as well as hand sanitizers, increasing hand sanitizer dispenser units across the Company, providing only take-away or delivery service from its canteens and sharing the Government’s directives and news regularly via different channels. <br /><br />Alba, on 23 March 2020, in line with His Majesty King Hamad bin Isa Al Khalifa’s royal gesture of empowering mothers to work from home, announced remote working for all Alba employees, in particular women and senior staff. Employees and contractors were also invited to join Alba’s volunteering team, which is part of TEAM Bahrain, to help fight the spread of COVID-19 [Alba has over 500 volunteers to-date]. <br /><br />Commenting on this occasion, Alba’s Chief Executive Officer, Ali Al Baqali said:<br />“The health and safety of our human assets, employees and contractors, are paramount to Alba. We will go above and beyond for the Safety of our people to maintain smooth operations.<br />We also remain committed to ensure sustainable supply of our raw materials along with delivering our products to clients across the globe.” <br /><br />Alba is closely monitoring COVID-19 situation and has activated its response strategy based on recommendations of the Kingdom of Bahrain and global health organisations and in line with the Company’s Business Continuity Plan.Alba aims to meet its 2020 objectives: strong focus on Safety, Production and Costhttp://www.albasmelter.com/mc/News/Pages/2020/Alba-aims-to-meet-its-2020-objectives-strong-focus-on-Safety,-Production-and-Cost.aspx<!<p><img alt="View Arabic Version" src="/mc/News/PublishingImages/pdficon.gif" /> <a href="/mc/News/PublishingImages/2020_all/200317.pdf" target="_blank"><font color="black">View Arabic version (PDF)</font></a></p> With the global headwinds, volatile LME price and weak economic sentiment across the markets, Aluminium Bahrain B.S.C. (Alba) remains committed to -- ensure the Safety of its employees and contractors; achieve its production target of more than 1.54 million metric tonne by 2020 Production and continue to be a lean aluminium producer by building on the legacy of its cost-improvement Project Titan Programme. <br /><br />On this occasion, Alba’s Chief Executive Officer Ali Al Baqali emphasised:<br />“Alba can only control what is intrinsic to its operations i.e. Safety, Production and Cost. In light of the current circumstances, we have activated our response strategy to ensure the Safety of our people and continuity of our operations. <br /><br />We have been proactive in adopting many Safety initiatives across all departments following the guidelines of the Government of Bahrain and respected health organizations. We also remain focused, through our resilient capabilities, to ensure continuous and sustainable supply of our raw materials to run our operations smoothly all the while deliver our products to clientele across the globe.”Alba holds its AGM/EGM for 2020http://www.albasmelter.com/mc/News/Pages/2020/Alba-holds-its-AGMEGM-for-2020.aspx<!<p><img alt="View Arabic Version" src="/mc/News/PublishingImages/pdficon.gif" /> <a href="/mc/News/PublishingImages/2020_all/200308.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 Annual General Meeting (AGM) /Extraordinary General Meeting (EGM) on Sunday 08 March 2020 at Al Dana Hall, Alba, Askar, Kingdom of Bahrain. </div> <div style="text-align:justify"> </div> <div style="text-align:justify">During the AGM, approval was given to the distribution of cash dividend of 1 fils per share [1% of the paid-up capital] equivalent to BD1.412 million (US$3.756 million) for the year ended 31 December 2019. The dividends will be distributed from Wednesday 25 March 2020 to Alba's Shareholders of record as of 11 March 2020. </div> <div style="text-align:justify"> </div> <div style="text-align:justify">Approvals were also given to the recommendation of the Board of Directors’ total remuneration of BD210,000 for the year ended 31 December 2019 and subject to the approval of the Ministry of Industry, Commerce and Tourism. </div> <div style="text-align:justify"> </div> <div style="text-align:justify">The minutes of the previous Ordinary General Meeting, which was held on 07 March 2019, were discussed and approved. The Report of the Board of Directors for the year ended 31 December 2019 was approved while the External Auditors’ Report for the Financial Statements for the year ended 31 December 2019 was reviewed during this meeting. SICO B.S.C. © was approved to provide Market-Making services by utilising at any given time a maximum of 3% of Alba’s issued share capital and subject to the approval of the Central Bank of Bahrain. In addition, the 2019 Corporate Governance Report was tabled before the shareholders and KPMG was re-appointed as the Company’s External Auditors for 2020. </div> <div style="text-align:justify"> </div> <div style="text-align:justify">During the AGM, the shareholders approved the appointment of six Directors by Bahrain Mumtalakat Holding Co. B.S.C. © [names to be provided once received]; Mr. Ahmed Al-Duriaan and Mr. Eyad bin AbdulRahman Al Qaraawi by Sabic Industrial Investments Co. (SIIC) with Mr. Omar bin Abdulla Al Amoudi representing Sabic Industrial Investments Co. (SIIC) as per the principles of the 2018 Corporate Governance Code and in line with Alba’s Article of Association # 26; and the election of Mr. Mutlaq Hamad Al Morished as an independent board Director representing the 10% public listed shares. </div> <div style="text-align:justify"> </div> <div style="text-align:justify">Commenting on this occasion, Chairman of Alba's Board of Directors, Shaikh Daij Bin Salman Bin Daij Al Khalifa said: </div> <div style="text-align:justify">“Alba has made many headlines in 2019: </div> <div style="text-align:justify">With His Majesty King Hamad Bin Isa Al Khalifa the King of the Kingdom of Bahrain patronising and inaugurating the Line 6 Expansion Project, Alba became the world’s largest aluminium smelter ex-China.Achieving a breakthrough record in Safety, Production and Sales’ volume is a first in Alba’s soon to be Golden Jubilee operations. </div> <div style="text-align:justify">We are also thankful for all accolades received in the past year. For 2020, we aim higher and will continue to go above and beyond to achieve more than our set targets.” </div> <div style="text-align:justify"> </div> <div style="text-align:justify">During the EGM, the minutes of the previous Extraordinary General meeting, which was held on 07 March 2019, were approved. The shareholders have also approved the addition of new service activity in connection to: sale/trade of pharmaceutical and medical goods – Pharmacy (non-importing) and subject to the approval of the Ministry of Industry, commerce and Tourism. In addition, the amendment and restatement of the Memorandum and Articles of Association in accordance with the amendment to Article 5 was approved by the shareholders. </div>Alba appoints new Director of Administrationhttp://www.albasmelter.com/mc/News/Pages/2020/Alba-appoints-new-Director-of-Administration.aspx<!<div>​​</div> <p><img alt="View Arabic Version" src="/mc/News/PublishingImages/pdficon.gif" /> <a href="/mc/News/PublishingImages/2020_all/200218.pdf" target="_blank"><font color="black">View Arabic version (PDF)</font> </a></p> <div> Aluminium Bahrain B.S.C. (Alba), the world’s largest aluminium smelter ex-China, is pleased to announce the appointment of Bahraini national Hamad Alshaibeh as the new Director of Administration, following the Board Meeting held on 13 February 2020. </div> <div> </div> <div> Alshaibeh started his career as a Trainee Supervisor in HR Department in 2002 and led various functions such as Organisation Development, Administration, Recruitment and Employee Relations. In 2009, he was promoted to Head - Employee Relations &amp; Alba Housing Scheme followed by his promotion to Manager - Human Resources in 2014 then to Senior Manager - Human Resources in 2017. </div> <div> </div> <div> Speaking on this occasion, Alba’s Chief Executive Officer, Al Al Baqali said: </div> <div> </div> <div> “With more than 18 years of experience in Alba, Alshaibeh has played a key role in developing the Human Resources Department. </div> <div> </div> <div> In addition to enhancing Alba’s overall organisational performance, Alshaibeh, in his new role, will be responsible for achieving our overarching HR Strategy – higher levels of Bahrainisation and developing the nationals – in alignment with Bahrain’s Economic Vision 2030. I wish him all the very best in his new role.” </div> <div> </div> <div style="text-align:justify"> Alshaibeh holds an MBA from ESSEC, France in collaboration with Arabian Gulf University, Bahrain and a Bachelor of Arts (BA) from Loyola University, New Orleans, Louisiana, USA.​</div>Alba Wins Big with Five Major International Safety awards from National Safety Councilhttp://www.albasmelter.com/mc/News/Pages/2020/Alba-Wins-Big-with-Five-Major-International-Safety-awards-from-National-Safety-Council.aspx<!<p><img alt="View Arabic Version" src="/mc/News/PublishingImages/pdficon.gif" /> <a href="/mc/News/PublishingImages/2020_all/200216.pdf" target="_blank"><font color="black">View Arabic version (PDF)</font></a></p> “Starting 2020 strong with winning five major international Safety Awards from the National Safety Council is one of our best achievements till date,” said Aluminium Bahrain B.S.C. (Alba) Chief Executive Officer Ali Al Baqali on scooping the 2020 Safety Leadership Award, 2020 Occupational Excellence Achievement Award, 2020 Significant Improvement Award, Perfect Record Award and Milestone Award from the National Safety Council (NSC) – USA. <br /><br />Alba will be presented with these Awards at the 2020 National Safety Council Congress and Expo Indianapolis USA in October 2020. <br /><br />The five NSC Awards recognize Alba in various areas of Safety: Safety Leadership Award for achieving a ‘perfect record’ of zero fatalities over the last six consecutive years; Significant Improvement Award for reducing the number of Lost Time Injury (LTI) from 3 in 2018 to 0 in 2019; Occupational Excellence Achievement Award for reducing the number of all injuries in 2019; Perfect Record Award for completing a period of at least 12 consecutive months without incurring any LTI; and Milestone Award for completing a period of at least 30 days without incurring injuries. <br /><br />Adding further, Alba’s Chief Executive Officer Ali Al Baqali said:<br />“Winning five NSC Safety Awards is a vote of confidence in Alba’s strong Safety culture. We are proud to have achieved these international accolades thanks to the collective efforts of our employees and contractors to work together towards a zero- injury environment.<br />Through our strong commitment to ‘Think Safety First &amp; Always’, we aim to soar higher and continue setting new benchmarks in Safety.” <br /><br />In 2019, Alba achieved Zero Lost Time Injuries (LTIs) to top more than 15 million working-hours without LTI for the first time since its commercial operations in 1971. Alba Announces its Financial Results for the Fourth Quarter and Full-Year of 2019http://www.albasmelter.com/mc/News/Pages/2020/Alba-Announces-its-Financial-Results-for-the-Fourth-Quarter-and-Full-Year-of-2019.aspx<!<div>​​</div> <p><img alt="View Arabic Version" src="/mc/News/PublishingImages/pdficon.gif" /> <a href="/mc/News/PublishingImages/2020_all/200213.pdf" target="_blank"><font color="black">View Arabic version (PDF)</font> </a></p> <div> <b>Q4 2019 and Full-Year 2019 Financial Performance:</b> </div> <div> </div> <div> Aluminium Bahrain B.S.C. (Alba) (Ticker Code: ALBH), the world’s largest aluminium smelter ex-China, has reported a Profit and Total Comprehensive Income of BD13.82 million (US$36.76 million) for the fourth quarter of 2019 versus a Loss and Total Comprehensive Loss of BD17.54 million (US$46.65 million) for the same quarter of 2018, an increase of 179% Year-over-Year (YoY). The Company reported a Gross profit of BD44.77 million (US$119.08 million) for the fourth quarter of 2019 versus a Gross loss of BD8.37 million (US$22.26 million) for the same quarter of 2018, an increase of 635% YoY. With regards to the Revenue from Contracts and Customers, Alba reported BD293.67 million (US$781.05 million) in Q4 2019, versus BD211.52 million (US$ 562.56 million) in Q4 2018, up by 39% YoY. The Company reported Basic and Diluted Earnings per Share in this quarter fils 10 versus a Diluted Loss per Share of fils 13 in Q4 2018. </div> <div> </div> <div> For the Full-Year of 2019, Alba generated a Profit and Total Comprehensive Income of BD5.38 million (US$14.31 million), down by 91% YoY, versus BD59.76 million (US$158.92 million) in 2018. The Company reported a Gross Profit of BD90.22 million (US$239.95 million) versus BD 84.99 million (US$226.04 million) up by 6% YoY. The Revenue from Contracts and Customers reached BD1,029.38 million (US$2,737.7 million) in 2019, up by 13% YoY, compared to BD911.3 million (US$2,423.7 million) in 2018. Basic and Diluted Earnings per Share were fils 4 for 2019, versus fils 42 for 2018. Overall, the Company’s financial performance was driven by higher metal sales’ volume thanks to Line 6 ramp-up and was partially offset by lower LME prices (down by 15% YoY). </div> <div> </div> <div> Alba’s Board of Directors have proposed to pay a final dividend of BD0.001 per share (excluding the treasury shares) totalling BD 1,412 thousand (US$3,755 thousand) to 2019 and subject to the shareholders’ approval on the Annual General Meeting on Sunday 08 March 2020. </div> <div> </div> <div> As at 31 December 2019, Alba’s Total Assets stood at BD2,420.25 million (US$6,436.84 million), versus BD2,208.89 million (US$5,874.71 million) as at 31 December 2018, up by 10% YoY. Total Shareholders’ Equity as at December 31, 2019 stood at BD1,078.57 million (US$ 2,868.54 million), versus BD1,073.47 million (US$2,854.97 million) as at 31 December 2018. </div> <div> </div> <div> <b>2019 Industry Highlights</b> </div> <ul> <li> Global primary aluminium demand contracted in 2019 thanks to weaker economic growth landscape in Europe and China, trade-tensions and slow global manufacturing. As a result, the World consumption reached 64.5 million metric tonne (MT) [2018: 65 million MT] with Asia consumption down by 1% YoY with Japan and South Korea leading this decline, Europe demand slowed-down by 2% YoY due to weaker demand in the auto sector, North America demand collapsed by 4% YoY due to a decline in manufacturing; in addition, MENA consumption shrunk by 5% YoY fuelled by geopolitical tension. </li> <li> World production almost flat - stood at 63.4 million MT [2018: 63.8 million MT] with Asian supply down by 1% YoY supported by Chinese supply disruptions [a drop of 2% YoY]; however, production in North America rallies by 4% YoY on the back of smelters’ restarts. This has led the World market to be in deficit with China (-1,028 Kt) &amp; (-492 Kt) w/o China. </li> <li> LME inventories at ~1.4 million MT in December 2019 [~ 1.3 million in 2018]. </li> <li> LME-cash averaged US$1,792/t, down by 15% YoY. </li> <li> Physical premium prices continue to soften owing to a mild global recession and weaker demand. </li> </ul> <div> </div> <div> <b>2019 Alba Highlights</b> </div> <ul> <li> Closed 2019 with &gt;15 million working-hours w/o LTI for the first time in the history of Alba’s commercial operations. </li> <li> Sales’ volume reached 1,350,326 metric tonnes (MT) up by 33% YoY. </li> <li> Production topped 1,365,005 MT up by 35% YoY. </li> <li> Successfully Refinanced US$1.5 Billion Syndicated Loan Facility with Lower Interest Margin. </li> <li> Signed Regain as the technology partner for its Spent Pot Lining (SPL) Treatment Plant - the first of its kind in GCC [capacity to treat 30k-35k metric tonne/year]. </li> <li> Alba is now the largest smelter in the world w/o China thanks to the safe ramp-up of Line 6: </li> <ul> <li>Line 6 was commissioned in 23 months [vs. 30 months for other similar projects]</li> <li>CAPEX for Line 6 construction </li></ul> </ul> <div> </div> <div> <b>2020 Alba Priorities</b> </div> <ul> <li>Continued Focus on ‘Safety Globe’ Initiative.</li> <li>Deliver on Project Titan - Phase IV [Projected Savings of US$100 Million by 2020-end].</li> <li>Focus on Future Upstream Opportunities to secure Alumina requirements.</li> <li>Value-Added Sales’ Product Qualification with Aluminium Stewardship Initiative (ASI) and Ecovadis certifications.</li> <li>Roll-out Alba’s new Vision, Mission and Values.</li> <li>Deliver SPL treatment plant as per timeline.</li> </ul> <div> </div> <div style="text-align:justify"> <font color="black"> Aluminium Bahrain B.S.C. (Alba) released its Full-Year and Fourth Quarter 2019 Results during a meeting of the Company’s Board of Directors on Thursday 13 February 2020. In addition, Alba’s Board of Directors approved the appointment of Mr. Ali Al Baqali as the Chief Executive Officer with immediate effect. </font></div> <font color="black" style="text-align:justify"><div> </div> <div> Commenting on Alba’s 2019 financial performance, the Chairman of Alba’s Board of Directors, Shaikh Daij Bin Salman Bin Daij Al Khalifa said: </div> <div> </div> <div> “It is encouraging to see that Alba has closed 2019 strong despite a challenging year for the industry. </div> <div> </div> <div> 2019 was a great year as we have recorded many firsts in Alba’s history: breakthrough record in Safety, Production and Sales’ volume thanks to our people. </div> <div> </div> <div> With Mr. Al Baqali as the realm of Alba in this next chapter of growth, our Company is better positioned for further success.” </div> <div> </div> <div> Adding further, Alba’s Chief Executive Officer, Ali Al Baqali said: </div> <div> </div> <div> “Despite a weak market sentiment, we have made 2019 an exceptional year by focusing on what we control best at all times: Safety, Production and Cost. </div> <div> </div> <div> It is an honour and privilege to serve Alba as the Chief Executive Officer and I look forward to work together with Alba’s Board of Directors as we go beyond Line 6. </div> <div> </div> <div> I also want to thank all Alba employees and contractors for a great 2019 and look forward to more accomplishments.” </div> <div> </div> <div> Alba Management will hold a conference call on Monday 17 February 2020 to discuss Alba's performance for the 2019 Full-Year Results as well as outline the Company's priorities for 2020. </div> <div> </div> <div> Mr. Al Baqali has been part of the Alba family for more than two decades and brings years of leadership and honed experience from within the Company. As a Bahraini who grew from within Alba, Mr. Al Baqali believes that Alba’s growth and success depend heavily on the Company’s entrenched principles on Safety, Development of Human Capital, Social and Civic Responsibility as well as Community Development. </div> <div> </div></font><div style="text-align:justify"><font color="black"> Mr. Al Baqali is a professional member of the Chartered Institute of Purchasing &amp; Supply (CIPS), UK; Board member of the International Aluminum Institute (IAI), INJAZ, Saint Christopher’s School and Tenmou, the first Bahraini Business Angels Company. Ali holds a B.Sc. degree in Accounting from the University of Bahrain and an MBA from the French Arabian Business School - ESSEC. </font></div>More than 140 employees complete their Training Program as per Alba’s Master Training Planhttp://www.albasmelter.com/mc/News/Pages/2020/More-than-140-employees-complete-their-Training-Program.aspx<!<div>​​</div> <p><img alt="View Arabic Version" src="/mc/News/PublishingImages/pdficon.gif" /> <a href="/mc/News/PublishingImages/2020_all/200211.pdf" target="_blank"><font color="black">View Arabic version (PDF)</font> </a></p> <div> Aluminium Bahrain B.S.C. (Alba), reputed as an employer of choice in the Region, announced on Monday 10 February 2020 that more than 140 employees have completed their training program as per Alba’s Master Training Plan. </div> <div> </div> <div> In line with Alba’s Master Training Plan, the employees were identified for internal promotions based on their Skills Matrix and Training &amp; Development Programme (TDP) as well as their initiatives at work and potential for growth. </div> <div> </div> <div> Congratulating the employees upon completion of their Training Program, Alba’s Acting Chief Executive Officer Ali Al Baqali said: </div> <div> </div> <div> “Employees, our human assets, are key to Alba’s success. While we continue to grow as the world’s largest aluminium smelter ex-China, we believe that our employees must evolve to fulfil Alba aspirations. </div> <div> </div> <div> Our Master Training Plan - in line with the Kingdom’s of Bahrain Economic Vision 2030 - aims to boost Bahrainisation across all levels within the Company.” </div> <div> </div> <div style="text-align:justify"> The Company launched the Master Training Plan in October 2019 with the aim to create a customised training plan for every job and employee in the Company. Alba - through the Master Training Plan – will further emphasize its position as a leading employer of choice for Bahrainis.​</div> ​2019: Alba Sales’ Volume & Production surge by 33% YoY & 35% YoYhttp://www.albasmelter.com/mc/News/Pages/2020/2019-Alba-Sales-Volume-Production.aspx<!<p style="text-align:justify"><img alt="View Arabic Version" src="/mc/News/PublishingImages/pdficon.gif" /> <a href="/mc/News/PublishingImages/2020_all/200209.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, closed 2019 by achieving an all-time record in its metal sales as volume reached 1,350,326 metric tonnes (mt), up by 33% Year-over-Year (YoY), while production topped 1,365,005 mt, up by 35% YoY. </div> <div style="text-align:justify"> </div> <div style="text-align:justify">For the fourth quarter of 2019, metal sales’ volume reached 405,259 mt, up by 54% YoY, versus 262,346 mt in Q4 2018, production figures reached 401,175 mt, up by 62% YoY versus 248,149 mt in the same period of 2018. </div> <div style="text-align:justify"> </div> <div style="text-align:justify">Commenting on Alba sales’ volume and production for 2019, Alba’s Acting Chief Executive, Ali Al Baqali said: </div> <div style="text-align:justify">“We are pleased to have closed 2019 strong – our operational performance have gone above and beyond our set-targets for the year with Line 6 in full commercial operation. And, this achievement has been made more significant with our remarkable Safety performance of Zero Lost Time Injuries (LTIs) in 2019.” </div> <div style="text-align:justify"> </div> <div style="text-align:justify">Aluminium Bahrain B.S.C. (Alba) will release its Full- Year and Fourth Quarter 2019 Financial Results to the public on Thursday, February 13, 2020 as well as upload the IR presentation on its Investor Relations section at www.albasmelter.com. </div>Alba holds first Leadership Workshop of 2020 - ‘One Team, One Goal’http://www.albasmelter.com/mc/News/Pages/2020/Alba-holds-first-Leadership-Workshop-of-2020.aspx<!<div>​​</div> <p><img alt="View Arabic Version" src="/mc/News/PublishingImages/pdficon.gif" /> <a href="/mc/News/PublishingImages/2020_all/200204.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 the first workshop ‘One Team, One Goal’ in the Executive Education Series for 2020 for its Executives, Directors and Managers at the Alba Club on Thursday 30 January 2020. </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> Held in cooperation with Bahrain Institute of Banking and Finance (BIBF), the one-day team building Workshop comprised a series of group interactive activities, focusing on four key areas -- enhancing team spirit, creative problem solving, negotiation and time management -- all of which will help transform leadership skills and find new pathways to meet the Company’s goals. </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> Speaking on this occasion, Alba’s Acting Chief Executive Officer Ali Al Baqali said: <br /><br /> “Team alignment and synchronisation is a must to steer the organization to meet its objectives especially with the headwinds we face in todays’ world. <br /><br /> Through the ‘One Team, One Goal’ Workshop, we aim to further align our teams and adopt different tools to achieve higher performance and efficiency.” </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> On his part, the Director of the BIBF, Dr. Ahmed Al Shaikh said:<br /><br />“As part of the BIBF’s core beliefs, we consider organisational functions more efficient when we employ team dynamics, and we are glad to collaborate with Alba to achieve this goal through this team-building initiative. This exercise provides realistic experiences that empower individuals to contribute towards common goals where boundaries will be broken in order to collaborate towards achieving their objective and work together more effectively as team members.” </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> Being a responsible corporate citizen, the major highlight of this Workshop was combining the learning experience with our contribution to society. One of the team’s activities was to assemble bicycles by using the techniques learned in the Workshop which were then donated to orphans in our community. </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> The ‘One Team, One Goal’ Workshop will also be held for Alba employees, both management and non-management within the first quarter of 2020.</div> ​​​Alba expands relationship with Italian companies through signing of MoUshttp://www.albasmelter.com/mc/News/Pages/2020/Alba-expands-relationship-with-Italian-companies.aspx<!<div>​​​</div> <p><img alt="View Arabic Version" src="/mc/News/PublishingImages/pdficon.gif" /> <a href="/mc/News/PublishingImages/2020_all/200204-4.pdf" target="_blank"><font color="black">View Arabic version (PDF)</font> </a></p> <div style="text-align:justify"> Aluminium Bahrain B.S.C. (Alba) took part in a high-level Bahraini delegation to Italy, led by His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince, Deputy Supreme Commander and First Deputy Prime Minister of the Kingdom of Bahrain. </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> Organised by the Bahrain Economic Development Board (EDB), the delegation visited Italy to explore further expansion and partnership opportunities with Italian-based companies through high-level meetings between senior business executives and government representatives. </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> As part of the delegation, Alba’s Chairman of the Board of Directors Shaikh Daij bin Salman bin Daij Al Khalifa met with key Italian companies, including Fluorsid S.p.A., FATA S.p.A. and Techmo Car S.P.C., where Memorandum of Understanding (MoU)s were signed to advance commercial opportunities for both parties. </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> Commenting on the 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"> “Alba is pleased to be part of the Bahraini delegation to Italy led by HRH Prince Salman bin Hamad Al Khalifa, the Crown Prince, Deputy Supreme Commander and First Deputy Prime Minister of the Kingdom of Bahrain. As one of the key contributors to Bahrain’s economy, Alba is deeply committed to realising the Kingdom’s Economic Vision 2030. </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> Through these MoUs, Alba aims to further strengthen its relationship with Fluorsid S.p.A., FATA S.p.A. and Techmo Car S.P.C. as well as explore more avenues for future collaboration.” </div> <div style="text-align:justify"> </div> <div style="text-align:justify"> Alba has an existing contract with Fluorsid S.p.A. for the supply of 15,000 to 20,000 tonnes of smelter grade Aluminium Fluoride, around 70% of Alba’s yearly requirements. FATA is the Engineering, Procurement and Construction (EPC) contractor for Alba’s Port Capacity Upgrade Project, part of Alba Line 6 Expansion Project, while Techmo is a producer of high-end mobile and stationary equipment for the aluminium and metal production sector and enjoys a long-standing commercial relationship with Alba. </div>