ASRY, Bahrain’s leading maritime repair and fabrication facility, recently held a Board Meeting at its headquarters, under the chairmanship of H.E. Shaikh Daij Bin Salman Bin Daij Al Khalifa, who struck an upbeat tone after a much-improved performance in 2018.
Reflecting on the year just past, he said business had continued to stabilise following a period of instability. Shaikh Daij added, “Revenue targets that were set last year have been met, and while market conditions remain very challenging, the operational and financial restructuring of the company are solidifying its foundations.”
Shaikh Daij also said encouraging progress had been made during the year, especially in terms of the company’s safety culture and its wider market penetration. “With the pipeline looking optimistic for 2019, our focus will remain on delivering projects to the highest possible level of customer satisfaction”, he concluded.
ASRY’s management team has been implementing a corporate strategy designed to ensure the company remains a sustainable employer for the foreseeable future. A number of fresh initiatives have been launched and others are underway to reduce the company’s costs and to improve the efficiency of the various services it provides to its domestic, regional and international customers, a statement from the Board noted. The management team was also praised for taking practical steps to ensure safety, health, environmental protection, as well as the improvement of the yard’s shiprepair and fabrication services. These various initiatives are reflected positively in the better overall results for the past year, the Board statement concluded.