Alba’s production rises 8pc

Aluminium Bahrain B.S.C. (Alba) yesterday announced recording a strong operational performance in the 2018 nine-month period with its overall sales and production volumes, while setting up a target of 1,000,000 metric tonnes for the first time in Alba’s history “As we move towards the fourth quarter, we expect a strong finish with our target to achieve 1,000,000 metric tonnes for the 1st time in Alba’s history,” Alba’s Chief Executive Officer, Tim Murray said commenting on Alba’s Sales and Production volumes for the nine months of 2018.

Alba’s total production rose by 8 per cent Year-over-Year (YoY) to 762,952 metric tonnes (mt) for the nine months of 2018. Total Sales volume topped 750,202 mt, an increase of 7pc YoY, versus 700,629 mt for the nine months of 2017 For the third quarter of 2018, the company reported a flat growth in its Sales and Production volume wherein total sales and production volume touched 248,970 mt and 251,472 respectively.

Alba closed the third quarter and the nine months of 2018 with Value-Added Sales averaging 60pc and 59pc respectively. Alba will release its third quarter 2018 Financial Results to the public on 29 October 2018.