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Alba hits new highs on sales and production volumes

Metal News - Published on Fri, 12 Jan 2018

Image Source: gulfwhoswho.com
Aluminium Bahrain BSC announced that Bahrain based international aluminium smelter, hits all time high on Sales volume and Production in 2017. According to a statement by Alba’s Chief Executive Officer, Mr Tim Murray, the company has reported Sales volume of 978,195 metric tonnes for the Full-Year of 2017, up by 0.4% Year over Year, versus 974,014 tonne in 2016 while Production topped 981,016 tonne as compared to 971,420 tonne in 2016, up by 1% YoY, despite the power outage incident in April 2017.

For the fourth quarter of 2017, Sales volume spiked by 8% YoY to reach 277,567 tonne versus 256,445 tonne for the same period in 2016 while production surged by 9% YoY to 274,147 tonne, versus 250,670 tonne in Q4 2016.

Alba managed to close 2017 with its Value-Added Sales averaging 57% of total shipments versus 56% in 2016.

Adding further, Mr Murray said that “Despite 2017 challenges, we have succeeded in raising the bar in our Sales volume and production performance. This milestone proves that our resilience can transform any challenge to opportunity. As we move forward in 2018, we remain focused to achieve another breakthrough in our production as we target 1 MILLION metric tonne.”

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Posted By : Nanda Koijam on Fri, 12 Jan 2018
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