Aluminium Bahrain Co. ALBH

0.59 0.00 0.00 %

Alba sales up 7pc, production rises 8pc

(10/9/2018 7:25:00 AM)

Aluminium Bahrain (Alba), the Bahrain-based aluminium smelter, said that during the first nine months of 2018 its total sales volume touched 750,202 metric tonnes (mt), an increase of 7 per cent year-over-year (YoY), compared to 700,629 mt during the same period in 2017.

Alba also reported that its total production rose by 8 per cent YoY to stand at 762,952 mt. For the third quarter of 2018, Alba reported a flat growth in its sales and production volume wherein total sales and production volume were 248,970 mt and 251,472, respectively, said a statement from the company.

Alba closed the third quarter and the nine months of 2018 with value-added sales averaging 60 per cent and 59 per cent, respectively.

Alba’s chief executive officer Tim Murray said: “As we move towards the fourth quarter, we expect a strong finish with our target to achieve 1,000,000 metric tonnes for the first time in our company’s history.

“I want to also thank our employees and contractors for our strong operational performance year-to-date,” he added.

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