Alba sales, production surge in Q3
Manama : Aluminium Bahrain (Alba), the Bahrain-based international aluminium smelter, managed to increase its overall sales and production throughout for the third quarter of 2016 despite the low trend in all-in-prices.
Sales volume topped 246,293 metric tonnes (mt) in Q3 2016, an increase of 7,431 (mt) versus 238,862 mt in Q3 2015 while production volume for the same period rose by 2.4pc year-on-year (YoY) to reach 246,146 mt.
For the nine months of 2016, the company sales volume stretched to 717,569 mt, up from 699,362 (mt) in the same period of 2015 while production volume increased by 3,722 mt to reach 720,750 mt year-to-date.
In addition, Alba closed the third quarter of 2016 with its Value-Added Sales averaging 58pc of total shipments while Value-Added Sales stood at 55pc for the nine months of 2016.
Commenting on Alba’s sales and production volume for this period, Alba CEO Tim Murray said, “Alba continues to raise the bar on operational performance amidst difficult market conditions. As we move towards 2017, our focus on safety and operational excellence will remain our top priorities.”
Related Posts