Tuesday 21 October 2014
 
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PRODUCTION UP 2.5pc

Aluminium Bahrain hits sales record

Manama, January 14, 2014

Aluminium Bahrain (Alba) registered an all time high sales of 919,722 metric tonnes (mt) during 2013 marking a 3.3 per cent year-on-year (YoY) increase ahead of the company’s own forecast for the period.

Production figures were up by 2.5 per cent year-on-year (YoY) to reach 912,700 mt versus 890,217 mt for 2012.

For the fourth quarter of 2013,  sales figures stretched to 237,534 (mt) - a 5.2 per cent YoY increase versus 225,740 mt in Q4 2012; production figures increased by 2,912 mt to reach 229,916 mt as compared to the same period of 2012.

In addition, Alba, one of the largest aluminium smelters in the world, closed 2013 Value-Added (VA) sales with an average of 66 per cent versus 65 per cent in 2012 while VA sales for Q4 2013 represented 66 per cent of the total shipments as compared to 64 per cent for the same period in 2012.

“Alba continues to raise the bar and was able to deliver stretch targets amid tough market conditions,” said Alba’s chief executive Tim Murray.

“As we move towards 2014, we remain committed to always find ways to further improve our underlining performance and plant reliability,” he added. – TradeArabia News Service




Tags: production | Aluminium Bahrain |

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