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Bahrain

Aluminium Bahrain B.S.C. (Alba) consistently ranks as one of the largest and most modern aluminium smelters in the world. Known for its technological strength and innovative policies, Alba enforces strict environmental guidelines, maintains high track record for safety, and is widely regarded as one of the top ten performers on a global scale.
 
It supports numerous community oriented programmes and social activities that have underlined its status as one of Bahrain's leading industrial organisations that remains committed towards upholding its corporate social responsibilities. Alba's inception marks the beginning of Bahrain's strategy to diversify its economic base and reduce its dependence on oil. The aim was to establish an industry that would provide valuable export earnings, develop the country's resources and create training and employment opportunities for a large number of Bahrainis. Alba was therefore incorporated by Charter in 1968 and officially commenced operations in 1971 as a 120,000 tonnes per annum smelter.
 
Alba today produces more than 971,000 metric tonnes per annum of the highest grade aluminium, with products including standard and T-ingots, extrusion billets, rolling slab, propertzi ingots, and molten aluminium. Around 50 per cent of output is supplied to Bahrain's downstream aluminium industry, with the rest exported to regional and international customers in the Middle East, Europe, Far East, South East Asia, Africa, and North America.
 
The Alba plant comprises five reduction lines, two cast houses, three dedicated carbon plants, a 550,000 mtpa coke calcining plant, a water desalination plant, 11 fume treatment plants, a marine terminal, and a 2,249 MW ISO power plant, consisting of 4 power stations. The plant also features a 13 hectare 'green' oasis, with more than 15,000 trees and shrubs, a fruit and vegetable garden, an animal farm, and an artificial lake.
 
Alba's early success established a blueprint for other non-oil industries to follow, including a thriving downstream aluminium industry. Today, Alba is a major contributor to the social, industrial and economic development of the Kingdom of Bahrain, employing over 2,600 people, of whom around 84 percent are Bahrainis.
 
The entire plant operates to the Environmental Management System standard ISO 14001:2004 and the Occupational Health and Safety Assessment Series OHSAS 18001:2007. Moreover, the Casthouses, Calciner, and Marketing are also operating to the ISO 9001 Quality Management System. It is worthy to note that Alba was the first metals manufacturing company in Bahrain to receive the major upgrade - 2008 version of ISO 9001.
 
The company has won a number of awards including the inaugural Shaikh Khalifa bin Salman Al Khalifa Award for Industrial Excellence, the International Millennium Business Award for Environmental Achievement from the United Nations, safety awards from the British Safety Council and The Royal Society for the Prevention of Accidents, and a GCC-wide award for human resources development and nationalisation of the workforce.
 
The shareholders of Alba are Bahrain Mumtalakat Holding Company (69.38%), SABIC Investment Company (20.62%) and the General Public (10%).

 

http://www.albasmelter.com/Pages/default.aspx

 

Alba’s Net Income Increases by US$ 57 million in Q1 2017

April 23, 2017

Q1 2017 Industry Highlights:
Global physical demand remains healthy with world consumption up by 6% YoY. Asian demand rose by 7% YoY led by Chinese consumption (+8% YoY). MENA demand grew by 5% YoY driven by major infrastructure spending in Saudi Arabia (+13% YoY). In addition, demand in North America surged by 3% YoY supported by firm growth in the auto production while Europe consumption rose modestly by 2% YoY attributed to good demand in construction and automotive sectors.
World production rose by 9% YoY supported by Chinese output (+17% YoY), leading the world market to be in surplus with China (+664Kt) and in deficit w/o China (-414Kt).
LME inventories at 1.8 million mt in March.
LME cash-average for the first quarter of 2017 was US$ 1,850/t up by 22% YoY.

2017 Alba Highlights:
Continuous improvement in Safety Performance with the launch of Safety Tomorrowland initiatives.
Sales volume up by 4.9% YoY (242,932 mt) and production up by 5.6% YoY (248,776 mt)
Value-Added Sales averaged 56% of total shipments (versus 52% in Q1 2016)
Line 6 on track
Feed Study completed in January 2017
80 Packages have been awarded (out of 150 packages)

Q1 2017 Financial Results:

The Company’s top-line and bottom-line performance for the first quarter of 2017 were driven primarily by higher LME prices and favourable management performance.

Alba Total Sales for the first quarter of 2017 jumped by 22% YoY to reach BD 190.4 million (US$ 506 million) versus BD 156.4 million (US$ 416 million) for the same period in 2016. The Company posted a Net Income of BD 25.6 million (US$ 68 million) compared to BD 4.2 million (US$ 11 million) in Q1 2016, an increase of 506% YoY.

During the AGM on 21st March 2017, Alba approved a dividend of BD 29.6 million (US$ 78.7 million) to be paid from April 2nd 2017.

2017 Alba Priorities:
Focus on Safety Tomorrowland Initiatives
Fully Restore Line 5 Production
Deliver on Project Titan - Phase II
Leverage Strong Demand on Value-Added Sales
Line 6 on Schedule:
Award Remaining Packages in 2nd half of 2017
 

Commenting on Alba’s sound financial performance in Q1 2017, the Chairman of Alba’s Board of Directors, Daij Bin Salman Bin Daij Al Khalifa:

“Alba has successfully closed the first quarter strong with an unparalleled performance in its top-line and bottom-line.

Together with our solid financial basis, we will be able to transform Alba as Line 6 will shape our future for the generations to come.”

Alba’s Chief Executive Officer, Tim Murray added:

“Alba continues to improve its underlining performance through leveraging the recent gains in LME prices. Despite the recent power outage incident, Alba still expects to deliver strong results in 2017.

Alba's Management will be holding a conference call on Tuesday, April 25, 2017 to discuss Alba's financial performance for the first quarter of 2017 as well as outline the Company's priorities for the remainder of the year.

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