Alba posts solid production, sales growth
Manama, 24 days ago
Aluminium Bahrain (Alba), one of the largest and modern aluminium smelters in the world, continues to build momentum with its production figures up by 2.5 per cent YoY to reach 464,012 metric tonnes in the first half compared to 452,727 mt last year.
The company's sales figures topped 456,282 mt for the same period in 2014, up 1,852 mt compaared to 454,430 mt for the same period last year.
In addition, Alba was able to sustain its Value-Added (VA) sales for this period with an average of 65 per cent versus 66 per cent in H1 2013.
Commenting on solid growth, CEO Tim Murray said: "Alba is continually focusing to deliver reliable performance despite low LME prices. By leveraging the company’s operational performance along with our integrated marketing approach, we were able to stretch our targets."
Alba will be releasing its second quarter 2014 financial results on July 27.-TradeArabia News Service