Manama, Aluminium Bahrain (Alba), the world's largest single-site smelter, and Daiki Aluminium Industry Company, Japan's leading aluminium product manufacturer, announced today a strategic partnership to establish a sustainable aluminium dross processing business in the Kingdom of Bahrain. Ali Al Baqali, Alba's CEO; Hisham Al Kooheji, Acting Chief Marketing Officer; and Alba's Executive Management Team; Yamamoto Takaaki, Chairman and Representative Director of Daiki Aluminium; Goto Kazushi, Director and Senior Managing Executive Officer; Fukushima Toshitake, Vice General Manager of Overseas Business Coordination Department, attended the memorandum of understanding's (MoU) signing ceremony held at Alba premises. This collaboration not only reinforces the thriving Bahrain-Japan economic partnership but also paves the way for innovative advancements in sustainable aluminium production. By synergizing Alba's industry-leading expertise and Daiki Aluminium's cutting-edge technologies, this joint venture is primed to contribute to the Kingdom's environmental goals while aligning seamlessly with Alba's Environmental, social, and governance (ESG) Roadmap. Central to this partnership is a shared commitment to circular economy principles. The aluminium dross processing facility will employ state-of-the-art technology to recover valuable aluminium metal while significantly reducing waste, thereby contributing to Bahrain's sustainability goals. Al Baqali emphasised the transformative nature of this partnership and said that this strategic alliance with Daiki Aluminium marks a pivotal moment in Alba's sustainability journey. By harnessing Daiki Aluminium's technological prowess, we are not only optimising our operations but also making a contribution to Bahrain's economic landscape. This collaboration underscores our dedication to creating lasting value for our stakeholders while advancing the circular economy. This joint venture will serve as a model for sustainable aluminium production, demonstrating the power of collabor ation to drive positive change, he added. Chairman of Daiki Aluminium said that the signing of this MoU will build on our global partnership and help Alba and the Kingdom of Bahrain achieve their sustainable environmental goals. "We are very proud to form a strategic alliance with Alba, one of the world's leading aluminum smelters, and we are confident that this partnership will make a significant contribution to the development of a sustainable aluminum industry." Since our founding in 1922, we have focused on the aluminum recycling business for more than 100 years. And through the products, technologies, and services of both companies, we will contribute to the realization of sustainability, Takaaki added. Source: Bahrain News Agency
Related Posts
Qatar Chamber’s Gold Committee Highlights Strong Interest from International Companies in Entering Qatari Market
Doha: Qatar Chamber’s Gold and Jewellery Committee highlighted the strong interest from international companies in entering the Qatari market, emphasizing the need to develop advanced mechanisms to encourage investment in this sector.
This was unve…
Private Sector Key Partner in Battling Money Laundering, Terrorist Financing, Says QCB Supervision Assistant Governor
Doha: The private sector is a key partner in battling money laundering and terrorist financing, and ensuring the effective implementation of international standards, said Qatar Central Bank (QCB)’s Supervision Assistant Governor, Hamad Ahmad Al Mulla …
QSE Index Rises 0.35% at Start of Trading
Doha: The general index of Qatar Stock Exchange (QSE) rose 34.03 points, or 0.35%, at the beginning of trading on Monday, to reach the level of 9,701 points, compared to Sundays closing.
The general index was supported by a rise in all sectors: Consu…