Alba ‘committed to meeting production target for 2020’

MANAMA: Alba, the world’s largest aluminium smelter ex-China, remains committed to meeting its 2020 production target of 1,540,000 metric tonnes, the chairman has said.

In a statement issued after the board of directors’ meeting for the third quarter held virtually, Alba chairman Shaikh Daij bin Salman Al Khalifa said: “As we navigate through this unprecedented time, Alba is reforming itself by capitalising on its safety culture and human assets, increasing its operational resilience and agility, and re-thinking its cost structure.

“Despite the challenges, we remain committed to having a strong finish by meeting our 2020 production target of 1,540,000 metric tonnes.”

The board reviewed the reports of the executive committee, board audit committee and the nomination, remuneration and corporate governance committee.

Alba’s safety initiatives, financial performance-to-date, Titan-Phase IV, operational productivity as well as the overall market sentiment amidst Covid-19 were also discussed during the meeting.

Including the chairman, the Alba board comprises six directors appointed by Mumtalakat – Yousif Taqi, Suha Karzoon, Shaikh Isa bin Khalid Al Khalifa, Tim Murray and Rasha Sabkar.

The three directors appointed by Sabic Industrial Investments Co (SIIC) are Ahmed Al Duriaan, Iyad Al Garawi and Omar Al Amoudi and one elected director, Mutlaq Al Morished.

 

Source: http://www.gdnonline.com/Details/873060

 

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