News Column

Aluminium Bahrain reveals production increase

July 8, 2014

ArabianBusiness.com Staff



Aluminium Bahrain (Alba) has released its production figures for the first half of 2014 which are up by 2.5% YoY to reach 464,012 metric tonnes compared to 452,727 mt in H1 2013.

And over the same period in 2014, the company's sales figures topped 456,282 mt, an increase of 1,852 mt versus 454,430 mt in H1 2013.

In addition, Alba was able to sustain its Value-Added (VA) sales for this period with an average of 65% versus 66% in H1 2013.

Commenting on the figures for H1 2014, Alba's chief executive officer, Tim Murray, said: "Alba is continually focusing to deliver reliable performance despite low LME prices. By leveraging the company's operational performance along with our integrated marketing approach, we were able to stretch our targets."

Alba will release its second quarter 2014 financial results to the public on Sunday, 27 July, 2014, as well as upload the IR presentation on its investor relations section at www.albasmelter.com

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Source: Construction Week (United Arab Emirates)


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