Asia

Alba Refinances US$1.5 Billion Loan Facility Funding Line 6 Expansion Project

Alba Refinances US$1.5 Billion Loan Facility Funding Line 6 Expansion Project

Aluminium Bahrain B.S.C. announced yesterday the successful refinancing of a US$1.5 billion syndicated loan facility that the firm has been using to fund the Line 6 Expansion Project. Per the firm, the new terms of the facility give it an 8-year tenor...

Events

EGA Begins New Round Of Research Collaboration With MIT

Emirates Global Aluminium PJSC (EGA) began a new phase in its ongoing research partnership with the Massachusetts Institute of Technology (MIT) last week. The partnership, which began five years ago, features an eight-week visit by MIT Master’s and Ph.D. students from the David H. Koch School of Chemical Engineering Practice to EGA’s plants at Jebel […]

Malaysian Government To Begin Issuing Bauxite Mining Licenses By End Of January

The Malaysian government will begin to issue mining licenses to bauxite miners within the next three months according to a statement made by a federal minister today. Malaysia’s water, land and natural resources minister Xavier Jayakumar revealed to reporters at parliament earlier today that bauxite mining licenses would begin to be issued in December or […]

Alba Adds New Custom Fire Truck To Safety Vehicle Fleet

Aluminium Bahrain B.S.C. announced a new addition to its safety vehicles today as it added to the fleet a custom-made fire truck that features state-of-the-art fire-fighting equipment. The vehicle, which was produced by a United States company specifically for Alba, complies with international fire safety standards and Bahrain’s requirement that it be able to service […]

Alba Reports 53 Percent Bump In Gross Profit For Q3

Aluminium Bahrain B.S.C. reported financial results for the third quarter and opening three months of 2019 yesterday. A weak global market for aluminium notwithstanding, the firm reported increases in both sales and profit for the just-ended quarter. In the third quarter, Alba generated a Profit and Total Comprehensive Income of BD10.7 million (US$28.5 million), down […]

Alumex Debuts New Aluminium Windows, Doors, And Curtain Wall Products In Sri Lanka

Alumex PLC announced last week the introduction of a new aluminium product range for the Sri Lankan market under the umbrella of Alumex Building Systems (ABS). The internationally-accredited products are designed for high-rise buildings and engineered to withstand challenging weather conditions thanks, in part, to a glazing thickness of up to 24 mm (15/16”). Among […]