Bahrain's Alba in Q3 sales and production boost

CEO says sales and production figures up on the same quarter last year

NEWS, Business, Alba, Bahrain, Bahrain aluminum

Aluminium Bahrain (Alba) has said it is on track to hit its annual year-on-year growth targets.

The Bahrain-based firm said Q3 2014 sales figures were up by 2.3% to reach 232,922 metric tonnes (mt) versus 227,758 mt in Q3 2013, while its production figures topped 233,496 mt for the same period in 2014, an increase of 3,438 mt versus 230,058 mt in Q3 2013.

In addition, Alba said it increased its value-added (VA) sales for Q3 2014 - jumping to 67% versus 65% in Q3 2013.

For the nine months of 2014, sales figures stretched to 689,203 (mt), up by 1% y-o-y; while production figures increased by 14,723 mt to reach 697,508 mt year-to-date.

Alba's chief executive officer, Tim Murray, said: "Alba continues to push the limit on operational performance. I would also like to thank all the employees of Alba for their efforts which allowed us as one team to achieve this success."

 

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