Alba launches Project Titan Phase II
Manama: Aluminium Bahrain BSC (Alba) has announced the launch of Phase II of its company-wide, cost reduction programme Project Titan.
The move is aimed at reducing cash cost by US$100 per metric tonne of aluminium and step-up its production capacity to 1,000,000 metric tonnes per annum by end of 2017.
Project Titan Phase II, focused on optimising operational costs and boosting the company’s production, is an integral part of Alba’s strategy for value creation and reflects the current and expected market conditions in the aluminium
industry.
Explaining further, Alba’s Chief Executive Officer Tim Murray said: “Given the tough market conditions, we believe that we can do more than necessary and push ourselves in order to maintain our position as one of the leading, low cost producers in the aluminium industry. Through Project Titan Phase II, we seek to further improve our operational efficiency that will enable us to take advantage of the growth opportunities in the
future.”
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