Alba set for a strong finish

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

Aluminium Bahrain (Alba) is on track to finish 2020 strong despite the challenges of the year.

Alba chairman Shaikh Daij bin Salman bin Daij Al Khalifa said this during the fourth quarterly board of directors meeting held virtually.

“2020 has been a year of exceptional events on many fronts,” said Al Khalifa. “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.”

The board 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.

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.