Thursday 5 May 2016
 
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aluminium

Alba blames aluminium price collapse as Q1 profit falls 88pc

Aluminium Bahrain (Alba), owner of one of the world's largest aluminium smelters, reported a 88.6 per cent fall in first-quarter net profit on Monday as a result of a collapse in aluminium prices. Alba's net income for the

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Steel producers fail to reach deal; US blames China

China and other major steel-producing countries failed to agree measures to tackle a global steel crisis as the sides argued over the causes of overcapacity, prompting US criticism of Beijing's approach and an angry response from Chinese off

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Mahmood Al Soufi re-elected Garmco chairman

Garmco, the Bahrain-based international aluminium rolling mill and one of the largest downstream aluminium facilities in the Middle East, has announced its new board of directors for the 2016 – 2019 term.   Mahmood Al S

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Balexco records $4.48m profit in 2015

Bahrain Aluminum Extrusion Company (Balexco), posted a 6 per cent increase in its net profit in 2015, with the profit reaching BD1.703 million ($4.485 million). This was revealed at the company’s ordinary general assembly held rec

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Garmco wins top honours for HRD practice

Garmco, the Bahrain-based international aluminium rolling mill and one of the largest downstream aluminium facilities in the Middle East, has received the Best Human Resources Development Practice Award during the 45th IFTDO World Conference hel

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Auto, power firms save millions swapping copper for aluminium

Manufacturers are abandoning copper for its lighter and cheaper rival aluminium after a decade of technological innovation that is saving some companies hundreds of millions of dollars. Japanese auto giant Toyota and Saudi's p

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Lower aluminium prices hit EGA revenues, profit

Emirates Global Aluminium (EGA), jointly owned by Mubadala Development Company and the Investment Corporation of Dubai (ICD), reported revenues of Dh18.7 billion in 2015, a decline from Dh19.8 billion in 2014, due to the lower market price for a

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DI unit eyes record extruded aluminium production

Masharie, the private equity arm of Dubai Investments (DI), has announced plans to expand its extruded aluminium production capacity by over 10,000 tonnes per annum as demand from downstream industries, transportation and electrical sectors surg

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Alba sales down 7pc to $2bn as prices decline

Aluminium Bahrain (Alba) reported total sales of BD766.7 million ($2.039 billion) in 2015 versus BD821.6 million ($2.185 billion) in 2014, down 7 per cent due to the collapse of all-in-prices, the company said. The aluminium giant

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Alba promotes four as new managers

Aluminium Bahrain (Alba), a leading aluminium smelter in the world, has announced the appointment of four new managers in key departments of the company. The new managers, who all have been promoted from within the company, are: N

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