Manama (ALBH): The chairman of the board of Aluminum Bahrain BSC (Alba) – the largest aluminum smelter in the world ex-China – Shaikh Daij bin Salman bin Daij Al Khalifa, paid a field visit to Alba’s Casthouse 4 (CH4) on Sunday July 24, 2022.

Accompanied by Alba’s Chief Executive Officer Ali Al Baqali, Director Casthouse A. Rasool Ahmed A. Rasool and senior officials during his visit to the CH4 facility, the Chairman of the Board met with shop floor employees to thank them for asking of a new benchmark in the company’s safety performance and logging more than 28 million safe working hours without LTI.

Commenting on his visit to Alba’s Casthouse 4, Alba’s chairman Shaikh Daij said:

“We built Casthouse 4, our newest casting facility with state-of-the-art operations, to expand our portfolio of Value-Added Products (VAP). We aim to close 2022 with a minimum of 72% VAP Sales; surpassing our 2021 VAP sales of 63%.

I also thank our employees and contractor staff in CH4 for their commitment to meeting our production targets while operating on the principle of ‘Safety First, Safety Always’.”

Casthouse 4, which was commissioned in December 2018, is a key part of Alba’s Line 6 Expansion Project and has a built-in annual capacity of 530,000 tons per year for value-added products.

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About Aluminum Bahrain BSC (Alba)

[Ticker: ALBH] – At more than 1,561 million tons per year (2021), Alba is the world’s largest ex-China aluminum smelter with over 50 years of excellence in operations, safety, environmental and socio-economic development.

Alba, a blue-chip acquisition of the Kingdom of Bahrain, completed five decades of commercial operations in May 2021. The company celebrated its golden anniversary by breaking all of its previous safety records and achieving 25 million safe working hours without Lost Time Injury (LTI) on April 30, 2022; this safety milestone came together with a total production of more than 25 million tons (MT) since the company started operations in 1971.

Alba produces high-quality aluminum products in the form of standard products and value-added products (VAP), which are exported to more than 240 worldwide customers through its sales offices in Europe (Zurich), Asia (Hong Kong and Singapore) and subsidiaries in the US Alba is doubly listed on the Bahrain Bourse 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 has 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 made a significant contribution to the social, industrial and economic development of the Kingdom of Bahrain. Alba is at the heart of a thriving downstream aluminum sector in Bahrain, which accounts for approximately 12% of the Kingdom’s GDP. As one of the largest national companies, Alba has not only employed Bahraini citizens (84% in 2021), but also enhanced their capabilities through education, training and development initiatives at every stage of their career.

Alba is recognized as one of the best industrial companies in the world with high standards of environmental practices, social contributions and corporate governance. Launched in February 2022, the company’s ESG roadmap outlines 6 priority areas: (1) decarbonization, (2) green energy and aluminum, (3) circular economy and secondary aluminum, (4) worker wellbeing, (5) collaboration and partnership and (6) Transparency, communication and due diligence. Since its inception, Alba has invested in numerous environmental, sustainable and socio-economic development projects that have had a positive impact on society. Alba’s recent projects, such as the first-of-its-kind US$37.5 million zero-waste Spent Pot Lining Treatment Plant and the upcoming 5-7 MW Solar Farm Project are tangible efforts to achieve the goals of Bahrain’s Economic Vision 2030 , as well as the Net Zero Carbon targets led by HRH the Crown Prince and Prime Minister of Bahrain. Alba will play a critical 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’ has ensured that the safety and well-being of employees and contractor personnel remains a top priority. The company is internationally recognized for its outstanding track record in safety and health with accolades such as the RoSPA Gold Award (9 years in a row) and International Safety Award with Merit from the British Safety Council. Alba has also been recognized for its initiatives to responsibly source aluminum through awards such as Top ESG Performer in Bahrain by ESG Invest, Safeguard Label by Bureau Veritas, Best Corporate Governance Award by Ethical Boardroom.

Alba Power Station 5 Block 4 Expansion Project

Alba Power Station 5 (PS5) Block 4 is a Combined Cycle Power Plant that is an extension of the existing PS 5.

PS5 Block 4 Project is the addition of a fourth block with a similar 1:1:1 configuration with class J gas turbine technology and with a minimum ISO nominal rating of 680.9 MW and including connection to the existing 220 kV substation. The efficiency of this combined cycle power plant is much higher than 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. The commercial operations of PS5 Block 4 are expected to commence in Q4 2024.

Alba external complaint mechanism

Alba’s external complaints mechanism receives and facilitates the resolution of concerns and complaints from affected communities about Alba’s environmental and social (E&S) performance. External complaints about Alba’s E&S performance can be registered through the Alba Integrity Line – an independently operated confidential hotline for multilingual reporting – via a toll-free telephone system or via the intranet 24 hours a day.

Alba response to COVID-19 pandemic

Alba’s response strategy to COVID-19 was initiated in January 2020 in accordance with the guidelines of the Bahrain National Taskforce for Combating Coronavirus (COVID-19). The company was able to operate safely through 2021 thanks to its agile workforce – employees and contractor staff.

For more information, please contact:
Eline Hilal
Director, Investor Relations, Insurance & Corporate Secretary
Investor Relations Department
Email: eline.hilal@alba.com.bh
Website: www.albasmelter.com
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