National development

Aluminium Bahrain B.S.C (Alba) is one of the largest and modern aluminium smelters in the world – is renowned for its premium grade aluminium products, technological strength and innovative policies, strict environmental guidelines and high track record for safety. Established in 1971 as a 120,000 tonnes per annum smelter, Alba today produces more than 912,000 metric tonnes per annum of the highest grade aluminium, with products including standard and T-ingots, extrusion billets, rolling slab, properzi ingots, and molten aluminium. Paddock magazine catches up with Tim Murray, Alba’s CEO.

Deals

The company announced a three-year partnership renewal with Bahrain International Circuit (BIC) in February 2014. As part of the partnership, Alba will be allocated a special lounge at BIC’s Oasis Complex, which will be used to host its guests for all local and international events at BIC – “The Home of Motorsport in the Middle East”.

Alba will also have the opportunity to place its logo at strategic locations across the venue, thus maximising its brand presence during year-round events held at the BIC. Alba will also have a special lounge at BIC’s Oasis Complex.

This important partnership agreement was signed between Alba’s Chief Executive Officer, Tim Murray and BIC’s Chief Executive Shaikh Salman bin Isa Al Khalifa at Alba’s Oasis Hall. Also present at the ceremony were Alba’s Chief Operations Officer, Isa Al Ansari, Acting Director for Administration, Abdul Rahman Janahi and BIC’s Director – Commercial, Sherif Al Mahdi and Senior Manager – Sales, Bader Nasser.

Alba continues to raise the bar and was able to deliver stretch targets amid very tough market conditions.

Commenting on the renewal of the partnership, Alba’s Chief Executive Officer, Tim Murray says that BIC has established itself internationally as a host of world-class motor sporting events in the Kingdom of Bahrain. “This year’s race is special as it not only commemorates the 10th anniversary of the Bahrain Grand Prix but also because it is the first-ever night race to be held at the BIC. It makes us proud to partner an event of such international prominence and work together towards supporting national development”, stresses Tim. BIC’s Chief Executive Shaikh Salman bin Isa Al Khalifa also expressed this hanks to Alba for partnering with BIC and their support towards the region’s leading motor racing facility.

Records

Alba was able to deliver an unparalleled performance in 2013 – sales figures for the year rose by 3.3% year-on-year (YoY) to 919,722 metric tonnes (mt) ahead of the company’s own forecast for the period while production figures were up by 2.5% YoY to reach 912,700 mt versus 890,217 mt for 2012.

For the fourth quarter of 2013, sales figures stretched to 237,534 (mt) – a 5.2% YoY increase versus 225,740 mt in Q4 2012; production figures increased by 2,912 mt to reach 229,916 mt as compared to the same period of 2012.

In addition, Alba closed 2013 Value-Added (VA) sales with an average of 66% versus 65% in 2012 while (VA) sales for Q4 2013 represented 66% of the total shipments as compared to 64% for the same period in 2012.

Commenting on Alba’s sales and production for 2013, Tim Murray notes: “Alba continues to raise the bar and was able to deliver stretch targets amid very tough market conditions. As we move towards the future, we remain committed to always find ways to further improve our underlining performance and plant reliability”.

Changes

The company recently announced the appointment of the new Board of Directors, effective immediately, during the Board of Directors meeting for the year 2014 in February, at the Gulf Hotel, Kingdom of Bahrain.

The new Chairman of Alba’s Board of Directors, Shaikh Daij Bin Salman Bin Daij Al Khalifa said on this occasion: “It is a great honour to chair the Board of Directors of Alba. Together with my fellow board members, we remain committed to better serve the shareholders whom we represent; we also look forward to work along the Executive Management team to take Alba to the next level, to consistently deliver reliable performance as well as continue to create long-term shareholder value”.

The new Chairman Shaikh Daij Bin Salman Bin Daij Al Khalifa kicked-off the first quarterly Board of Directors meeting for the year 2014 with an introductory remark followed by the approval of the agenda.

The Board updated the Register of the Directors following the shareholders’ approval during the AGM on the newly appointed Chairman of the Board of Directors, Shaikh Daij Bin Salman Bin Daij Al Khalifa; the appointment of Mr. Yousif Abdulla Taqi, Mr. Osama Mohammed Al Arrayedh, Mr. Fahad Nasser Al-Hazzani, Dr. Mohamed Kameshki and Mr. Tony Robinson (Anthony Lee Robinson) by Bahrain Mumtalakat Holding Co. B.S.C © and the appointment of Mr. Mutlaq Hamad Al Morished and Mr. Fahad S. Al Sheaibi by Sabic Industrial Investments Co (SIIC) together with the elected director, Mr. Abdul Aziz Al Humaid from Sabic Industrial Investments Co (SIIC) as the new Directors of the Board.

Click here to subscribe to our print edition!