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Alba Wraps Sales and Production Double-Digit in Q2 2019

Metal News - Published on Wed, 17 Jul 2019

Image Source: bna.bh
Aluminium Bahrain BSC on course to be transformed into the largest smelter in the world with the full ramp-up of Line 6 on 31 July 2019, stretches its overall sales’ volume and throughput, in double-digits, for the second quarter of 2019 despite trade-tensions and the downward pressure on LME prices.

For the second quarter of 2019, sales’ volume went beyond 249,595 metric tonnes in Q2 2018 to top 311,928 metric tonnes, an increase of 25% YoY while production jumped to 305,727 metric tonnes, up by 21% YoY versus 252,081 metric tonnes in Q2 2018. Alba closed this quarter with Value-Added Sales averaging 52% of total shipments versus 60% for the same period in 2018.

For the first half of 2019, production reached 578,434 metric tonnes versus 511,480 metric tonnes in H1 2018, up by 13% YoY, while sales’ volume increased by 67,810 metric tonnes to top 569,042 metric tonnes year to date (up by 14% Y0Y).

Commenting on Alba Sales’ volume and Production for Q2 2019, Alba’s Chief Executive Officer, Mr Tim Murray said that “Driven by the solid progress on the Line 6 ramp-up, Alba closed the second quarter with double-digit volume increase in both Sales and Production. We are targeting Line 6 complete ramp-up by 31 July 2019 which will position Alba for a strong 2nd half-finish despite the tough aluminium market conditions.”

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Posted By : Rabi Wangkhem on Wed, 17 Jul 2019
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