At Gateway Gulf 2024, an investment forum programme hosted by the Bahrain Economic Development from November 3 to 4, Aluminium Bahrain B.S.C (Alba) and Daiki Aluminium Industry Company Ltd., talked about their strategic partnership to form a joint venture firm – Alba-Daiki Sustainable Solutions (ADSS).
Image Source - Aluminium Bahrain (Alba)
The partnership was initially signed on August 7, 2024, to establish a cutting-edge, sustainable aluminium dross processing facility through the joint venture.
Reaffirming the partnership at the forum underpins the companies' diligence and commitment towards the upcoming project. In the forum, Alba and Daiki Aluminium shared their share percentage in the JV for the first time. While Alba will hold a 70 per cent stake, Daiki will own 30 per cent.
The facility, expected to commence operations by September 2026, will employ state-of-the-art technologies to recover the lightweight metal while significantly reducing waste and carbon emissions, representing a dual goal of environmental stewardship and technological advancement in Bahrain.
The forum was addressed by Alba's Chairman of the Board, HE Khalid Al Rumaihi, Alba's CEO, Ali Al Baqali, and Daiki Aluminium Industry Company Ltd.'s Chairman and Representative Director, Yamamoto Takaaki.
HE Khalid Al Rumaihi stated: "This partnership with Daiki Aluminium marks a pivotal moment in Alba's history and Bahrain's industrial landscape. By combining our strengths, we're not just enhancing our operational efficiency, but also setting new standards for sustainable aluminium production in the Gulf. This venture aligns perfectly with our commitment to innovation and environmental stewardship while reinforcing Bahrain's position as a leader in economic diversification. We're confident that this collaboration will create significant value for our stakeholders and contribute substantially to the Kingdom's sustainable development goals."
Yamamoto Takaaki commented: "Our collaboration with Alba represents a significant milestone in sustainable industrial development, aligned with the vision showcased at Gateway Gulf 2024. As the GCC region aims to reach a GDP of US$3 trillion by 2030, this partnership demonstrates how targeted investments drive both economic growth and environmental progress. By leveraging our century-long expertise in aluminium recycling alongside Alba's world-class operations, we're not just creating a more efficient production process – we're contributing to Bahrain's impressive 84% non-oil GDP."
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