Latest news with #AluminiumBahrain
Daily Tribune
28-05-2025
- Business
- Daily Tribune
Alba, NFPA ink deal to strengthen fire safety and occupational health measures
Aluminium Bahrain (Alba), the world's largest aluminium smelter on one site, has entered into a strategic partnership with the National Fire Protection Association® (NFPA®), a global self-funded US-based non-profit organization, dedicated to advancing fire prevention and safety on a global scale for nearly 130 years. The signing ceremony took place between Alba's Chief Executive Officer Ali Al Baqali and NFPA MENA's Director of International Business Development Director Eng. Dana Kamal on 12 May 2025, marking the beginning of a three-year strategic collaboration aimed at enhancing knowledge-sharing and exchanging best practices in occupational health, safety, and fire prevention initiatives. Commenting on the partnership, Alba's CEO Ali Al Baqali stated: 'As the first aluminium smelter in the region and the first manufacturing company in Bahrain to embark on this journey, we are proud to lead the way, learning from the best while sharing our advancements to contribute to a safer and more sustainable industrial world starting from Bahrain.' Adding further, Dana Kamal, Director, International Business Development MENA at NFPA, said: 'By aligning with the NFPA Fire & Life Safety Ecosystem™, we aim to help Alba maintain high safety standards as it continues to grow its operational footprint.' Through this partnership, Alba and NFPA will jointly develop and implement an action plan that includes hosting awareness forums, training sessions, certification programmes, and conferences to promote best practices in fire safety. Additionally, both organisations will collaborate on alignment of standards related to fire prevention and occupational safety based on shared lessons, research and data analysis.
Daily Tribune
20-05-2025
- Business
- Daily Tribune
Alba expands EternAl Low-Carbon Product Line with verified in-house Carbon offsets
Aluminium Bahrain (Alba), the world's largest smelter on one site, has expanded its EternAlTM low carbon product line with the groundbreaking launch of 'EternAl-AC' – a new product series incorporating verified carbon offsets that are directly generated from within Alba's own operational efficiencies. EternAl-AC offers customers a uniquely transparent and credible path to achieving their carbon reduction targets. By procuring aluminium from this line, customers will gain access to traceable, third-party verified greenhouse gas (GHG) offsets originating from Alba's internal sustainability initiatives. The new EternAl-AC series features a user-friendly tiered carbon reduction classification system spanning EternAl-AC0 (net-zero footprint) to AC4 (up to 4 tonnes of CO₂e per tonne), thus providing customers flexibility in selecting optimal low-carbon solutions with clear and verifiable data. Most importantly, the carbon offsets embedded in EternAl-AC are a direct result of GHG savings generated by various projects within Alba's operational boundaries. These reductions are rigorously measured and recorded in accordance with international standards for GHG accounting (ISO 14064-2) and independently verified by a certified independent party. Commenting on this important development, Alba's Chief Executive Officer, Ali Al Baqali, stated: 'This initiative underscores our proactive commitment to reducing our environmental footprint and empowering our partners to achieve their net-zero ambitions. We also welcome Alueuropa – a leading Spanish aluminium extruder – as our first customer for EternAl-AC, highlighting the growing demand for sustainable aluminium.' Adding further, Marta Colino, Managing Director of Alueuropa stated: 'Sustainability and decarbonisation are among top priorities for our business, and we look forward to using the new low carbon products from Alba which will enable us to meet our targets and serve our clients better.' Launched as part of Alba's broader ESG Roadmap, the EternAlTM product line debuted in May 2024 with two initial variants in its recycled content series: EternAl-30 and EternAl-15, containing 30% and 15% recycled scrap metal respectively. This series was later expanded to include EternAl-20 and EternAl-50, featuring 20% and 50% of recycled content, further contributing to emissions reduction within Alba and across its aluminium value chain.
Daily Tribune
15-05-2025
- Business
- Daily Tribune
Alba wins RoSPA's ‘President's Award' Secures ‘President's Award' for the third consecutive year
Aluminium Bahrain (Alba), the world's largest aluminium smelter on one site, cemented its reputation as a leader in industrial safety by receiving the Royal Society for the Prevention Accidents (RoSPA)'s 'President's Award' for the third consecutive year. This prestigious recognition follows Alba's 12th consecutive RoSPA Gold Award, highlighting the Company's outstanding and long-standing commitment to upholding the highest standards of occupational safety and health standards. On this occasion, Alba's Chief Executive Officer, Ali Al Baqali, said: 'At Alba, Safety is not just a priority or a practice, it's the bedrock upon which all our operations and processes are built. Receiving this distinguished award for the third consecutive year proves that we are on the right track in our Safety journey and fuels our determination to advance with even greater dedication, ensuring the safety and well-being of our most valuable assets - our people, encompassing both our employees and contractors' workers.' RoSPA Awards recognise organisations for promoting a safe and healthy work environment, as well as preventing injuries and accidents inside and outside the workplace, thus creating a safer society for everyone.
Daily Tribune
14-05-2025
- Business
- Daily Tribune
Aluminium Bahrain announces Q1 profit
Aluminium Bahrain (Alba), the world's largest aluminium smelter on one site, has reported a Profit of BD18.1 million (US$48.2 m) for the first quarter of 2025, a drop of 25.9% Year-over-Year (YoY), versus a Profit of BD24.5 m (US$65 m) for the same period in 2024. Earnings Per Share was fils 13 for Q1 2025 compared to fils 17 for the same period in 2024. Total Comprehensive Income stood at B D1 6 . 8 m (US$44.7 m) versus BD27.7 m (US$73.6 m) for the same period in 2024 – a drop of 39.4% YoY. Gross Profit was BD50.8 m (US$135.1 m) versus BD 57.3 m (US$152.3 m) for the same period in 2024 - down by 11.3% YoY. With regards to the Revenue from contracts with customers, Alba generated BD408.9 m (US$1,087.6 m) versus BD334.6 m (US$889.8 m) in Q1 2024 – up by 22.2% YoY. Total Equity as of 31 March 2025 stood at BD1,902.7 m (US$5,060.4 m), down by 1.1%, versus BD1,923.9 m (US$5,116.9 m), as of 31 December 2024. Alba's Total Assets as of 31 March 2025 were BD2,706.9 m (US$7,199.2 m) versus BD2,673.4 m (US$7,110 m) as of 31 December 2024 – up by 1.25%. Higher LME Price (+20% YoY) and higher premiums (+38% YoY) drove strong topline performance, increased production costs significantly compressed EBITDA resulting in lower bottom-line. Commenting on the Company's performance for the first quarter of 2025, the Chairman of Alba's Board of Directors, Khalid Al Rumaihi stated: 'Alba's Q1 2025 results underscore the fundamental strength and operational efficiency of our business. While our reported Profit reflects the significant impact of higher alumina prices, it's important to recognise that had these prices remained at previous levels, Alba would have undoubtedly achieved an unparalleled financial performance, demonstrating our inherent earnings potential.' Alba's Chief Executive Officer, Ali Al Baqali, added: 'Despite the prevailing global geopolitical tensions, Q1 2025 was a landmark period for Alba marked by many firsts: we recorded the highest sales volume, achieved a record Value Added Sales percentage and most importantly, delivered our best safety performance ever in the Company's history. These firsts are a direct result of the commitment and operational excellence exhibited by the entire Alba team.' Alba Management will hold a conference call today at 4PM Bahrain Time to discuss the Company's financial and operational performance for Q1 2025 and outline its strategic priorities moving forward.
Trade Arabia
05-05-2025
- Business
- Trade Arabia
Alba celebrates projects of 24 employees in Top-Up BEng Programme
Aluminium Bahrain (Alba), the world's largest aluminium smelter on one site, hosted the Final Year Projects' Exhibition for 24 company-sponsored Bahraini employees currently pursuing the Top-Up BEng in Electrical, Electronic and Control System Engineering with the University of Huddersfield (UK). Held at Oasis Hall on Monday (May 5) and attended by Alba's Chief Executive Officer Ali Al Baqali along with executives and top management, the exhibition showcased innovative projects covering various aspects of the company's operations, emphasising continuous improvement, efficiency, and other key priorities of Alba. Al Baqali said: 'Today's exhibition is not just a culmination of academic effort; it's rather a glimpse into the future of Alba, a future shaped by our bright Bahraini nationals. Investing in their potential is investing in our continuing success. By providing our national workforce with world-class training and development opportunities, Alba cultivates potential into proficiency, ensuring we remain at the forefront of industry demands.' Over the last five years, from 2020 to 2024, Alba has supported 241 Bahraini employees in pursuing academic studies in Diploma, Bachelor's, Master's, and PhD programs. This collaboration with local and international universities includes an earlier batch of 24 employees who completed their Top-Up BEng Mechanical Engineering program from the University of Huddersfield in October 2024. – TradeArabia News Service
