Manama (ALBH): Aluminum Bahrain BSC (Alba), a pillar of economic and social development in the Kingdom of Bahrain, highlighted its commitment to the development of Bahraini youth when its Director General, Ali Al Baqali, met with around 70 students in On-the-job training programs (OJT) in the different functions of Alba. Administrative Director Hamad Al Shaibeh and other company officials were also present at the event.
Held on June 30, 2022 in Alba, the event was organized for students who joined the company this year from different local and foreign universities to complete their OJT requirements as part of their undergraduate degrees.
Addressing the students on the occasion, CEO Ali Al Baqali said, “Learning experiences are like journeys. It’s not just about learning more but also about doing more in a world where change is the only constant. Our goal is to help interns translate their learnings into action and help them develop their unique competitive advantage to further contribute to Bahrain’s aspirations.
Alba welcomes university interns every year who wish to develop their technical and relational skills in a professional work environment. Between 2019 and 2022, Alba hosted more than 250 university students, who received practical training courses according to their respective specializations.
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About Aluminum Bahrain BSC (Alba)
[Ticker: ALBH]
With more than 1.561 million metric tons per year (2021), Alba is the largest aluminum smelter in the world outside China with more than 50 years of excellence in operations, safety, environment and socio- economic.
A prime asset of the Kingdom of Bahrain, Alba completed five decades of business operations in May 2021. The company marked its golden jubilee by breaking all of its previous safety records and surpassing 25 million hours of working safely without losing time (LTI) on April 30, 2022; This safety milestone has been accompanied by a 25 million metric ton (MT) exceedance in overall production since the company began operations in 1971.
Alba manufactures high-quality aluminum products in the form of standard and value-added products (VAP), which are exported to more than 240 global customers through its sales offices in Europe (Zurich), Asia (Hong Kong and Singapore ) and its US office subsidiary Alba is listed on the Bahrain Stock Exchange and the London Stock Exchange and its shareholders are Bahrain Mumtalakat Holding Company BSC © (69.38%), SABIC Industrial Investments Company (SIIC) (20, 62%) and General Public (10%). Alba holds globally recognized certifications such as ISO 9001, ISO 14001, ISO 27001, ISO 45001, IATF 16949:2016, ISO 22301:2012 Business Continuity Management System (BCMS) and ASI Performance Standard Certification and Ecovadis Certification.
As the first aluminum smelter in the Middle East, Alba has been a major contributor to the social, industrial and economic development of the Kingdom of Bahrain. Alba sits at the heart of a thriving downstream aluminum sector in Bahrain, which accounts for around 12% of the Kingdom’s GDP. As one of the largest national companies, Alba has ensured not only the employment of Bahraini nationals (84% in 2021), but also the strengthening of their capacities through education, training and development initiatives. development at every stage of their career.
Alba is recognized as one of the best industrial companies in the world with high standards in environmental practices, social contribution and corporate governance. Launched in February 2022, the company’s ESG roadmap defines 6 priority areas – (1) Decarbonization, (2) Green energy and aluminum, (3) Circular economy and secondary aluminum, (4) Employee well-being, (5) Collaboration and Partnership and (6) Transparency, Communications and Due Diligence. Since its creation, Alba has invested in numerous environmental, sustainable development and socio-economic projects that have had a positive impact on society. Alba’s recent projects, such as the US$37.5 million zero-waste tank’s first processing plant and the upcoming 5-7 MW solar farm project, are tangible efforts to achieve the goals of the Bahrain Economic Vision 2030 as well as the Net Zero Carbon Goals led by HRH the Crown Prince and Prime Minister of Bahrain. Alba will play a crucial role in the upcoming Aluminum Downstream Park, which will increase the contribution of non-oil sectors to Bahrain’s GDP.
Alba’s motto “Safety First, Safety Always” ensures that the safety and well-being of its employees and contractor workforce remains a top priority. The company has been internationally recognized for its excellent safety and health record with awards such as the RoSPA Gold Award (9 consecutive years) and the British Safety Council’s International Safety Award with Merit. Alba has also been recognized for its initiatives to produce aluminum responsibly through awards such as Best ESG Performer in Bahrain by ESG Invest, Safeguard Label from Bureau Veritas, Best Governance Award from company by Ethical Boardroom.
Alba 5 Power Plant Block 4 Extension Project
Alba Power Station 5 (PS5) Block 4 is a combined cycle power station which is an extension of the existing PS 5.
The PS5 Block 4 project is the addition of a fourth block of similar 1:1:1 configuration with Class J gas turbine technology and with a minimum rated ISO rating of 680.9 MW and includes connection to the existing 220 kV substation. The efficiency of this combined cycle power plant is much higher than that of the combined cycle power plants of PS3 and PS4. Upon completion of the PS5 Block 4 expansion project, the capacity of PS5 will increase from 1,800 MW to 2,481 MW.
The Mitsubishi Power & SEPCO III consortium will be responsible for the design, engineering, procurement, construction and commissioning of Block 4. Commercial operations of Block 4 PS5 are expected to begin in the fourth quarter of 2024.
Alba’s external grievance mechanism
Alba’s external grievance mechanism receives and facilitates the resolution of concerns and grievances from affected communities regarding Alba’s environmental and social (E&S) performance. External complaints about Alba’s E&S performance can be registered through the Alba Integrity line – a confidential and independent multilingual hotline – via a toll-free telephone system or via the 24-hour intranet.
Alba’s response to the COVID-19 pandemic
Alba’s COVID-19 Response Strategy was launched in January 2020 following the guidelines of the Bahrain National Task Force for Coronavirus (COVID-19) Response. The Company was able to maintain safe operations throughout 2021 thanks to its agile workforce – employees and contractor staff.
For more details, please contact:
Eline Hilal
Director, Investor Relations, Insurance and Corporate Secretary
Investor Relations Department
Email: eline.hilal@alba.com.bh
Website: www.albasmelter.com
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