Alba volunteers in Malkiya beach clean-up drive
(AME Info
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30/05/2012)
Aluminium Bahrain B.S.C. (Alba) presented a tangible demonstration of its social commitment for Bahrain's coastal environment when volunteers from the Alba Community Service Committee took part in a clean-up drive of facilities at Malkiya beach on
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Ma’aden to build first alumina refinery in ME
(Trade Arabia
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29/05/2012)
Saudi Arabian Mining Company (Maaden) said it has awarded a contract to build the first alumina refinery in the Middle East which will help the Kingdom become a major upstream player in the global aluminium industry. The refinery forms part of the fully
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Sabic adds multiwall PC sheet extrusion in India
(Saudi Gazette
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29/05/2012)
Sabic Innovative Plastics has started up a line making multiwall polycarbonate sheet at its plant in Vadodara, India. The new line is needed to meet rising consumer demand in the region for Lexan Thermoclear-brand multiwall PC sheet for use in roofing
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Alba boosts employee safety with new Ergo Seats
(AME Info
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28/05/2012)
Aluminium Bahrain B.S.C. (Alba)'s commitment to broaden safety measures while maintaining emphasis on generating increased productivity prompted the installation of new ergonomically designed seating arrangements at Alba's Carbon Department. The new Ergo
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Maaden in SR 5.6 bn deal with Hyundai for alumina refinery
(Arab News
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28/05/2012)
The Maaden Alcoa aluminum joint venture announced yesterday that it has signed a contract worth SR5.6 billion with Hyundai Engineering & Construction Co. Ltd. to construct its alumina refinery at Ras Al-Khair in the Eastern Province. The contract
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SABIC careers beckon new graduates
(Arab News
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27/05/2012)
The Saudi Basic Industries Corporation (SABIC) is taking part in a Career Fair in Washington as its gold sponsor. The event coincides with the graduation ceremony of Saudi students under the Kingdom’s Foreign Scholarship Program, to be organized by the
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Tasnee prices sukuk debut at $533 million
(Saudi Gazette
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25/05/2012)
Saudi Arabia’s National Industrialization Co. (Tasnee) has priced a SR2 billion ($533.3 million) Islamic bond (sukuk), the first time the petrochemicals firm has tapped the bond markets. The privately placed, seven-year transaction was issued at par and
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Ma’aden awards Jacobs phosphate project study
(Saudi Gazette
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25/05/2012)
Jacobs Engineering Group Inc. was awarded a contract by Saudi Arabian Mining Company (Ma’aden) to provide a bankable feasibility study/front end engineering design (FEED) for its Umm Wu’al Phosphate Project in the Sirhan-Turaif region, the Pasadena,
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Sabic to buy land from Dar Al Arkan for $198 million
(Saudi Gazette
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25/05/2012)
Saudi Basic Industries Corp (Sabic), the world’s biggest petrochemicals group by market value, is buying part of a residential project from Saudi builder Dar Al Arkan for SR741.7 million ($197.77 million), the two companies said Wednesday. Dar Al Arkan,
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Saudi SABIC to buy land from Dar Al Arkan for $198 mln
(Reuters
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23/05/2012)
Saudi Basic Industries Corp (SABIC), the world's biggest petrochemicals group by market value, is buying part of a residential project from Saudi builder Dar Al Arkan for 741.7 million riyals ($197.77 million), the two companies said on Wednesday. Dar,
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Saudi's Tasnee prices $533 mln debut riyal sukuk
(Reuters
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23/05/2012)
Saudi Arabia's National Industrialization Co (Tasnee) has priced a 2 billion riyals ($533.3 million) Islamic bond, or sukuk, the first time the petrochemicals firm has tapped the bond markets. The privately-placed, seven-year transaction was issued at
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SABIC launches Clean Environment campaign
(Arab News
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21/05/2012)
As part of its responsibility toward preserving the environment, and to spread the message of responsible behavior within the community, the Saudi Basic Industries Corporation (SABIC), represented by its manufacturing affiliate, Saudi Iron and Steel
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Sabic CEO attends Microsoft summit
(Trade Arabia
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18/05/2012)
Mohamed Al-Mady, vice chairman and CEO of Saudi Basic Industries Corporation (Sabic), yesterday (May 16) joined 100 of the world’s most influential business leaders at the 16th annual Microsoft CEO Summit in Seattle, US. Al-Mady’s interactions with
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QPIC posts net profit of KD 33.02 million for financial year 2011-2012
(Al Watan
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17/05/2012)
Qurain Petrochemical Industries Company (QPIC) posted strong financial results for the 15 month period ended March 31, 2012 with net profit of 33.02 million Kuwaiti dinars. This was stated in a press release on Wednesday. Announcing the results, Chairman
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Ma’aden plans copper, zinc smelter projects
(Saudi Gazette
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17/05/2012)
Ma’aden Aluminum Company has awarded Bechtel the feasibility study contract for its proposed copper and zinc smelter projects on the Arabian Gulf Coast. The multibillion-dollar projects are set to include the construction of two world-class smelters with
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IQ eyes Algeria investment
(Gulf Times
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16/05/2012)
Industries Qatar’s steel unit plans to invest in a new plant in Algeria that will start operating after 2016, according to a five-year plan released by IQ yesterday. Qatar Steel International is seeking a 25% stake in the Algerian venture and has
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Alba promotes effective leadership practices
(AME Info
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15/05/2012)
Aluminium Bahrain B.S.C. (Alba) is strongly positioned as an organisation that promotes platforms which empower key decision makers to emerge as knowledge leaders with its sponsorship of the International Leadership Conference (ILC 2012) to be held at
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Al Rajhi starts Saudi's Safco, APC with overweight
(Reuters
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15/05/2012)
Saudi Arabian Petrochemical producers will likely outperform their global peers because of higher margins and a greater focus on expansion, but project execution will be a key challenge for these companies, Al Rajhi Capital said. The brokerage started
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Zooming in on Alba's growth
(Gulf Daily News
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14/05/2012)
Alba's position as the first aluminium smelter in the Middle East that pioneered the growth of the industry in the region in 1971 provided the main focus of Alba's newly-launched corporate video. The video also turns the spotlight on Alba's award-winning
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THT delivers Alba coke cooler
(Gulf Daily News
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11/05/2012)
Turk Heavy Transport (THT) was contracted by Nass Industrial Services to transport a 190-tonne, 30-metre-long coke cooler for Alba's calcine coke plant. The vessel was received at Khalifa Bin Salman Port, from Germany, and was moved and delivered by THT
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Sabic upgrading Dutch olefins cracker
(Saudi Gazette
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10/05/2012)
Saudi Basic Industries Corp. (Sabic) will spend about $175 million to make improvements to its olefins cracker in Geleen, the Netherlands, the company said in a statement Wednesday. The goal of the investment "is to ensure a safer, more competitive and
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Tasnee gets SR 5 bn loan for new factories
(Reuters
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09/05/2012)
National Industrialization Co. (Tasnee) and Sahara Petrochemical Co. have agreed an SR5.09 billion ($1.36 billion) loan with nine local banks to fund development of three new factories. The 16-year syndicated loan will finance investment in a new complex
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Output Boost For ALBA
(Gulf Daily News
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07/05/2012)
Alba achieved an increase in production by two per cent with sales remaining stable despite slowdown in Europe. It managed additional recurrent savings of $5 million, on par with the first-quarter target versus a $30m target for 2012. Chairman Mahmood Al
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Alba reports Q1 2012 results
(AME Info
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07/05/2012)
Aluminium Bahrain B.S.C. (Alba) announced the release of its first quarter 2012 results on Sunday, May 6, 2012. Commenting on the Q1 2012 results, Alba's Chief Executive, Laurent Schmitt said: "Without LME effect, Alba was able to maintain its
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Sipchem signs SR164.8m loan deal for new plant
(Arab News
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06/05/2012)
One of Saudi International Petrochemical Co.’s (Sipchem’s) affiliates, Sipchem Chemicals Company, has signed a SR 164.8 million loan facility agreement with Saudi Industrial Development Fund (SIDF) to support financing of the construction of ethyl
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