12/01/2019 | Press release | Distributed by Public on 12/01/2019 10:03
December 1, 2019
Adding further, Shaikh Daij Bin Salman Bin Daij Al Khalifa stated:
'Aluminium Bahrain B.S.C. Alba's Line 6 Expansion Project is a game-changer and marks a turning point for Alba and a new era of growth and prosperity for the Kingdom of Bahrain. His Majesty's official inauguration of Alba's mega project places Alba in the lead within the aluminium industry with its transformation - making it the world's largest smelter ex-China. I also take the opportunity to thank all our partners on this project: Emirates Global Aluminium (EGA) for using the proprietary DX+ Ultra Technology in Line 6, Bechtel - EPCM contractor for Reduction Line 6, GE and GAMA Consortium - the EPC contractor for Power Station (PS) 5 and Siemens - the Power Distribution System contractor for PS 5 and all the contractors involved in this Project, specifically to the local contractors who have all contributed towards the success of this Project.
With Line 6 fully on stream, we are now actively seeking to expand our products' portfolio and increase our sales with a major emphasis on the US market.
In addition, we aim to have a strong finish in 2019 as our production will top 1.35 million metric tonne, for the first time in Alba's history thanks to the safe and progressive ramp-up of Line 6, while at the same time, we intend to achieve 15 million working-hours without Lost Time Injury by year-end 2019.'
During this meeting, Alba's Board of Directors approved the minutes of the previous meeting, which was held on 25 September 2019 as well as reviewed the reports of the Executive Committee, Board Audit Committee and the Nomination, Remuneration and Corporate Governance Committee. In addition, the Board approved the 2020 Annual Operating Plan and Q3 2019 Financial Statements. Updates were also given by the Executive Management on Safety, Operational and Financial Performance on the back of current market conditions and Project Titan - Phase IV as well as overall Industry Outlook.
In addition to 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 - Mr. Yousif Abdulla Taqi, Mr. Osama Mohammed Al Arrayedh, Mr. Yaser E. Humaidan, Dr. Mohamed Kameshki and Mrs. Suha Karzoon. The two directors appointed by Sabic Industrial Investments Co. (SIIC) are Mr. Ahmed Mohammad A. Al Jabr and Mr. Ali Al Shamrani and two elected directors, Mr. Omar A. Al-Amoudi and Mr. Mutlaq Al-Morished.