Wednesday 20 January 2021

Alba 'on track to finish 2020 strong despite challenges'

MANAMA, November 29, 2020

Aluminium Bahrain (Alba), the world’s largest aluminium smelter ex-China, is on track to finish 2020 strong despite the challenges of the year, said Chairman of Alba’s Board of Directors, Shaikh Daij Bin Salman Bin Daij Al Khalifa during the fourth quarterly Board of Directors’ meeting held virtually on Sunday (November 29).
Shaikh Daij said: “2020 has been a year of exceptional events on many fronts. Our secret to adapt to the changes and find our new balance is to focus our efforts, not on challenging today’s status quo, but on building the new and resilient Alba as we prepare ourselves to start 2021.”
During the meeting, the board approved the minutes of the previous board meeting held on September 27, 2020 as well as reviewed reports of the executive committee, board audit committee and the nomination, remuneration and corporate governance committee. 
The board also discussed and approved a memorandum of understanding (MoU) with Hangzhou Jinjiang Group Co Ltd (HJJ), a leading alumina producer in China, to secure Alba’s long-term alumina requirements as well as a new proposal to creep Lines 4-5. During the meeting, various updates were given on safety and plant operational performance amidst Covid-19, insights on the overall market conditions as well as Alba’s financial performance to-date.  – TradeArabia News Service 


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