Through custom-designed systems such as Al Jisr and Skill Matrix
Manama (ALBH): “Our greatest asset is not machines or equipment, but our people. Our people are the pulse of this company and their expansion is our biggest investment,” as Alba CEO Ali Al Baqali said at the press conference. Rite held today, January 7, 2024, in the Oasis Hall in Alba to recognize workers who have effectively completed their progression systems planned for 2023.
In 2023, the company’s education and progression projects have enabled more than 660 employees to boost their careers. Through custom-designed systems such as Al Jisr and Skill Matrix (for non-supervisory colleagues) and the comprehensive education and progression program (for the control team), Alba has invested in enhancing and enriching its human capital with wisdom and skills to expand its potential. .
In addition, Executive Director Ali Al Baqali said:
“When we invest in our people, we are making a long-term investment for Alba. By expanding the capabilities of our workforce, we provide them with the resources to fuel their journey; By embracing lifelong learning, we domesticate a culture of interest. and the sharing of wisdom where every day is an opportunity to grow and by unlocking her potential, we overcome her barriers through mentorship and personalized progression plans, all of which will allow you to lead Alba to her next growth break.
Alba cultivates a learning ecosystem by providing state-of-the-art master’s, bachelor’s, engineering, and diploma systems in collaboration with prestigious local and foreign establishments to shape the generation of long-term leaders. In addition, Alba achieved 6. 8% of total operating hours allocated to capacity building activities at the corporate point in 2023, well above the industry average of 5%.
About Bahrain Aluminium B. S. C. (dawn)
With more than 1,620 million metric meters annually (2023), Alba is one of the largest aluminum smelters in the world with more than 50 years of excellence in safety, environment and socioeconomic development.
Alba, a blue-chip asset of the Kingdom of Bahrain, ended five decades of trading operations in May 2021. The company celebrated its Golden Jubilee by breaking all previous records and surpassed 30 million hours of injury-free work with lost time (LTI). ) on 1 September 2022 for the first time in its history.
Alba manufactures high-quality aluminium products in the form of popular and value-added products (VAPs), which are exported to more than 240 consumers internationally from its commercial offices in Europe (Zurich), Asia (Hong Kong and Singapore) and its subsidiary. Alba is listed on the Bahrain Stock Exchange and the London Stock Exchange and its shareholders are Bahrain Mumtalakat Holding Company B. S. C. (69. 38%), Société d’Investissements Industriels SABIC (SIIC) (20. 62 ©%) and General Public (10%). Alba has globally identified certifications such as ISO 9001, ISO 14001, ISO 27001, ISO 45001, IATF 16949:2016, ISO 22301:2012, Business Continuity Management System (BCMS), as well as ASI Pershapeance Standard and Ecovadis certifications.
As the first Aluminium smelter in the Middle East, Alba has been a major contributor to the social, industrial, and economic development of the Kingdom of Bahrain. Alba sits at the heart of a thriving Aluminium downstream sector in Bahrain, which accounts for approximately 12% of the Kingdom’s GDP. As one of the biggest national companies, Alba has ensured not only the employment of Bahrain nationals (84% in 2021) but also the enhancement of their capabilities through education, training, and development initiatives at every stage of their career.
Alba is identified as one of the world’s leading business corporations with the best criteria for environmental practices, social contribution and corporate governance. Launched in February 2022, the company’s ESG roadmap identifies 6 priority areas: (1) Decarbonization, (2) Green Energy, and Aluminum. , (3) Circular Economy and Secondary Aluminum, (4) Employee Well-Being, (5) Collaboration and Partnership, and (6) Transparency, Communications, and Due Diligence. Since its inception, Alba has invested in environmental, sustainable and socio-economic projects. -Economic progress projects that have had a positive effect on society. Alba’s recent projects, such as the first waste-free potting lining processing plant valued at $37. 5 million and the upcoming 5 to 7 MW solar park 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 very important role in the upcoming aluminium 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 its employees and contractors’ workforce remain a top priority. The Company has been recognised internationally for its excellent Safety and Health track record with awards such as the RoSPA Gold Award (9 years in a row) and International Safety Award with Merit from British Safety Council, as well as six major National Safety Council (NSC) USA awards for 2021. Alba has also been recognised for its initiatives to produce Aluminium responsibly through awards such as Top ESG performer in Bahrain by ESG Invest, Safeguard Label from Bureau Veritas and Best Corporate Governance Award by Ethical Boardroom.
Expansion Project for Block Four of the Alba Five Power Plant
Block four is a combined cycle power plant that is an extension of the existing PSfive.
PS5 Block 4 Project is the addition of a fourth Block of similar 1:1:1 configuration with J-class gas turbine technology and with minimum nominal ISO rating of a 680.9 MW and includes tie into the existing 220kV Substation. The efficiency of this combined cycle power plant is much higher than the combined cycle power plants of PS3 and PS4. On completion of PS5 Block 4 Expansion Project, the nameplate capacity of PS5 will increase from 1,800 MW to 2,481 MW.
The Mitsubishi Power and SEPCOIII consortium will be responsible for the design, engineering, procurement, structure and commissioning of Block Four. Commercial operations of PS5 Block Four are expected to begin in the fourth quarter of 2024.
Alba External Grievance Mechanism
Alba’s External Grievance Mechanism receives and facilitates the resolution of any affected communities’ concerns and grievances about Alba’s Environment and Social (E&S) performance. External grievances about Alba’s E&S performance can be logged via the Alba Integrity Line – an independently operated confidential reporting hotline in multiple languages – via a toll-free phone system or via the intranet 24 hours a day.
Alba’s reaction to the COVID-19 pandemic
Alba’s COVID-19 reaction strategy was introduced as early as January 2020, in accordance with the rules of the Bahrain National Task Force to Combat Coronavirus (COVID-19). The Company was able to maintain its operations safely in 2021 thanks to its agile workforce: workers and contractors.
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 Follow us on: http://www. twitter. com/Alba4World http://www. facebook. com/Alba4World http://www. instagram. com/Alba4World http://www. linkedin. com/company/aluminium-bahrain http://www. youtubeArraycom/ Alba4Mundo
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