It has been a tough year for Alba. The 40-year-old Bahraini aluminium producer has endured a long corruption inquiry, a change of management, an extensive restructuring, job losses and whisperings of a possible privatisation.
Add to this the halving of aluminium prices in the past 12 months and the construction of at least four new smelters in its backyard, and a casual observer might assume that Aluminium Bahrain was on its last legs. Yet quite the reverse is true, says Mahmoud al-Kooheji, chairman of the company.
“In many ways the financial crisis has been a good thing as it has forced us to do our homework and work out how to stay ahead of the competition,” he says. “We’re still one of the lowest-cost producers in the world.”
Its always a tough time for any kind of company when there is major change in the management.
ReplyDeleteSpecially when the major change in the management is happening due to corruption always gives the tough time.
ReplyDeleteChanging the management of the company means restructuring the whole company and its not an easy task to do.
ReplyDeleteHere if we see the statement given by the chairman of the company really impressive one, taking the financial crisis in positive, and its the better thinking and this should be at least it gives the lot of new ideas.
ReplyDeleteTaking every thing in the positive way will give you the lot of courage for survival. Its the key.
ReplyDeleteI would like to appreciate the courage of the Chairman of this group.
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