The Major Aluminium Smelters Commerce Essay

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Aluminium Bahrain has been time after time title as one of the major aluminium smelters in the globe and is recognized for its technical power and far above the ground superiority aluminium. Alba implements firm ecological guiding principle, uphold high track testimony for security, and is extensively regarded as one of the acme ten performers on a universal level.

It ropes abundant group of people leaning programmes and societal actions that encompass highlight its position as one of Bahrain's leading manufacturing organizations that vestiges dedicated towards keeping its commercial societal errands. Alba's initiation marks the commencement of Baharin's approach to expand its financial pedestal and decrease its reliance on oil. The aspire was to set up a production that would offer expensive export earnings, enlarge the country's possessions and generate guidance and service opening for a huge number of Bahrainis. Alba was consequently integrated by Charter in 1968 and authoritatively begin operations in 1971 as a 120,000 tons per annum smelter.

Alba at present manufacture additional than 880,000 metric tons per annum of the maximum grade aluminum, with goods counting standard and Tingots, extrusion billets, undulating block, propertzi slab, and molten aluminum. Approximately 50 per cent of production is supplied to Bahrain's downstream aluminums commerce, with the rest sell abroad to local and global clientele in the Middle East, Europe, Far East, South East Asia, and North America.

Alba plant encompass five lessening lines, three cast houses, a devoted carbon plant, a 550,000 mtpa coke calcining plant, a water desalination plant, 11 fume handling plants, a marine workstation, and a 2.225 MW power plant, consisting of 4 power stations. The plant in addition features a 10 hectare 'green' oasis, with more than 7,600 trees and shrubs, a fruit and vegetable garden and a simulated lake.

Alba's early achievement recognized a plan for other non-oil manufacturing to go after, including a flourishing downstream aluminums industry. In the present day, Alba is a chief donor to the social, manufacturing and financially viable development of the Kingdom of Bahrain; make use of over 3,000 people, of whom around 90 per cent are Bahrainis.

The complete plant function to the Environmental Management System standard ISO 9001:2000 and the Cast houses and Marketing are also in service to the ISO 9002 Quality Management System. In recent times, Alba Cast house was improve to the 2008 version of ISO 9001, facilitate Alba to be the first metals industrialized company in Bahrain to obtain this most important advance

The company has succeed a number of honor including the foundational Shaikh Khalifa bin Salman Al Khalifa Award for Industrial brilliance, the International Millennium Business Award for Environment Achievement from the United Nations, protection awards from the British Safety Council and The Royal Society for the Prevention of Accidents, and a GCC - wide award for individual resources expansion and nationalization of the labor force.

The shareholders of Alba are Bahrain Mumtalakat Holding Company (69.38%). SABIC Investment Company (20.62%) and the common Public (10%).

SUSTAINABILITY REPORT

Social

Over the past forty years, Alba has maintained consistent emphasis on broadening its involvement in corporate social responsibility initiatives and strengthening its credentials as a strongly committed corporate citizen. Building upon its reputation as an anchor of Bahrain's economy, Alba has succeeded in carving out a successful position as a mediator for optimistic change in the larger community. Alba achieves this goal by seeking meaningful and sustainable programs through its social investments and by developing strategies that enrich the quality of life for its stakeholders. This focus is given tangible direction through a structured approach that takes into account the following:

Greater community engagement to maximize the impact of the Company's social platform.

Commitment to Bahrain's social, cultural and economic development to underline Alba's status as an industrial leader amongst companies in the Kingdom.

Employee welfare programs as a key to developing a productive work environment.

Support for diverse sporting activities to help instill a vigorous standard of living at both the business and nationwide levels.

Alba's obligation to commerce societal responsibility persists to be promoting across the corporation. It relics a key constituent of the managerial ethnicity, and workers distinguish it to be a significant medium for intensification headship in the community, and for strengthen its status as a compassionate organization.

Environmental and Economic Issues

As the world faces unprecedented environmental and economic challenges, we look at the future with optimism because we believe that every challenge has the potential of turning into an opportunity.

Global Corporate Responsibility: Energy efficiency is at the heart of addressing challenges of climate change. Our global corporate responsibility that goes with our role as producers of this unique metal of the future lies primarily in facing the challenge of climate change. We share this responsibility with every business participating in the global economy. The International Aluminium Institute states that the aluminium industry is moving with the rest of the world to combat climate change. With our immense versatility, smart uses of aluminium will be substantial in finding solutions across applications.

Environment: Since 1990, we have invested more than US$589 million in environmental conservation project. Alba has earned international praise and recognition for being fiercely dedicated to put into practice uppermost ecological principles transversely the organization. Producing high quality products should never be at the cost of the environment has been one of the company's guiding policies. Our numerous environmental initiatives speak for themselves.

Safety: Safety is intrinsic to our work culture. It defines how we do our work, and shapes the way we conduct our operations. Safety measures are regularly updated to meet our changing needs. Everyone at Alba is inducted and trained in health and safety practices by OHSAS 18001 certified safety personnel. Our significant achievements in safety reflect the success of the company's long-standing commitment to create a safe working environment and making safety a guiding principle in all areas of work. Winning prestigious international safety awards like the RoSPA and the British Safety Council for four consecutive years is another testimony to our unrelenting pursuit of occupational safety.

Employees Support

Alba remains committed in intensification its standing as a head in health, protection and environment. Alba is one of the most preferred employers in Bahrain. This goes back to the emphasis we put on employee development through specialized training and education to providing an environment for self growth and achievement. The company regards this focal point to be solitary of the key aspect behind its goal towards superior sustainability and achievement in mounting safe surroundings for workers and the community at large. Alba recognizes that commitment to employee welfare provides one of the most essential foundations for achieving productivity. Thus, training remains an important focus for greater empowerment, and Alba's employees are continually.

BOARD OF DIRECTOR

Alba - Aluminium for the world

Chairman

Mahmood Hashim Al-Kooheji

Director

Fawzi Ahmed Kanoo

Osama Mohammed Al Arrayedh

Abdul Aziz Al Humaid

Yusuf Abdulla Taqi

David Meen

Dr. Talaat Aidafer

Shaikh Mohammed Khalifa Al Khalifa

Multaq Hamad Al Murished

Executive Management

Tim Murray - Chief Executive Officer

Isa Al Ansari - Chief Operations Officer

Ali Al Baqali - Acting Chief Finance & Supply Officer

Jean Baptiste Lucas - Chief Marketing Officer

Basem Al Sharqi - Chief Support Functions Officer

As solitary of the world's leading aluminums smelters, Alba as a corporation is devoted to widen its reach and existence in the business. Our relations with other research organization and business bodies are enthused by the need to generate assessment and create results.

These results are not for all time experimental although can be calculated by the pressure they generate, the brunt they provide and the authority they set free in alter the globe we exist in. We distinguish those aluminums as the metal of the prospect plays a key in position in this process. There subsists an enormous command for the metal from industry across the fiscal range. We are devoted to engage in recreation our responsibility along with our peers in the business to hearten study and expansion and wider relevance of aluminums crosswise industries.

Management Letter

2011 was a burst through year, one in which Alba be successful in meeting all of its target, with an EBITDA and Free Cash Flow at US$ 582 million and US$ 606 million, correspondingly. This accomplishment cannot be taken for settled, bearing in mind the a lot of working confront that the corporation faced in 2011, as well as the low LME and were capable to augment our revenues to US$ 2,349,000 in spite of the hunch the European market has faced given that the last quarter of 2011.

Alba prolong to work for the unsurpassed concentration of its shareholders by assign to invest in untreated expansion and constantly to pay back cash to its shareholders, whilst maintaining a burly balance sheet. In fact, for the 2011 financial year, Alba paid Fils 0.067 a share.

2011 patent the first centenary of Alba's alteration into a saleable unit throughout a double listing on the Bahrain Bourse and on the London Stock Exchange and has set the stage for superior prominence on pursuing resonance business supremacy, increased lucidity and manufacturing best practices. As a result, Alba has launched its Code of behavior to additional make stronger for honesty and to corroborate the business as a campaigner for moral values.

Cordial thankfulness goes as well to Alba's board of directors, its administration team and its entire staff, whom devoid of their proficiency and obligation Alba would not have been competent to alter its challenges into such exhilarating opportunities.

SUSTAINABILITY ISSUES

SESF actively participants in promoting environmental issues throughout the company and also in the larger community

Fundamentals growths are strong, though the potential for medium-volatility will remain a concern due to persistent economic conditions.

The Company should have an important role to play in the welfare of society and that we have to responsibility to communicate, participate and cooperate with local authorities and with-non-governmental organizations interested in the welfare of the society.

To encourage all the employees to accept this responsibility and take part in discussions and activities designed to solve community problems in the best interest of society and Alba.

The Company will conduct the business in a safe, ethical, professional, environmentally sustainable and socially responsible manner.

The Company will enumerate the consequence of implementation of this Standard, in combination with the other phases, when issued, to conserve an inclusive picture.

Standards concern but not yet efficient up to the date of issuance of the Company's monetary statements.

CONCLUSION

Aluminium Bahain (Alba) praised the contribution of its work force in raising the company's profile and in playing a key role in strengthening its reputation as one of the world's leading aluminium smelters.

The Company assesses its revenue arrangements against specific criteria to determine if it is acting as principal or agent. A level of collaboration and employee engagement, in developing and encourages employee ownership and commitment.

It is vital to take the local and cultural context into consideration when developing policies. Company policies are most effectively embraced when they are concise, clear and accessible. The benefits of the commitment to a concept of anonymity and non-retaliation have been shown clearly throughout the organization in terms of trust, ownership and commitment.

Alba's determination to enlarge the global footprint of its product portfolio gained momentum in 2011 with the opening of sales offices in Zurich, Switzerland and in Hong Kong. These offices will tap into the growing demand for primary aluminium from customers in Europe and Asia.

Alba determined the optimum energy sources and technology solutions for the new proposed pot line as well as look at solutions for future energy requirements. Alba remains determined to reduce its operating costs, achieve additional cash savings per annum of US$ 30 million in 2012 and improve processes through the continuous roll out of plant wide Six Sigma. The management team is confident that STAR program achievements will enable Alba to be among the lowest cost aluminium producers in the world.

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