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07 DECEMBER 2020 AL CIRCLE

Alba inks MoU with Chinese alumina producer HJJ for its alumina requirements

EDITED BY : HEENA IQBAL 1MINS READ

Aluminium Bahrain (Alba) has inked a Memorandum of Understanding (MoU) with alumina producer Hangzhou Jinjiang Group Co. Ltd (HJJ) for securing Alba’s alumina requirements.

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Alba’s Chairman of the Board Shaikh Daij bin Salman bin Daij Al Khalifa commented: “This Memorandum of Understanding translates Company’s strategy to have a vertically integrated business model as well as partially hedge against Alumina price volatility and supply constraints.

We are also excited to explore more avenues for collaboration with HJJ which will further consolidate Alba’s status as one of the world’s leading aluminium producers.”

HJJ is a leading alumina producer with an annual nameplate capacity of 10 million tonnes in China.

The MoU will remain in effect for a period of three years. Both entities can further extend MoU based upon mutual agreement.

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The virtual signing ceremony was attended by Alba’s Chairman of the Board Shaikh Daij bin Salman bin Daij Al Khalifa, the Owner of HJJ Mr. Dou Zhenggang and the Company’s Chairman Madam Wang Yuanluo in the presence of Alba CEO Mr. Ali Al Baqali and other top officials from Alba and HJJ.


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EDITED BY : HEENA IQBAL 1MINS READ

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