Alba's sales volumes down 3.9% in first half of 2017

Aluminium Bahrain (Alba) reported sales volumes of 453,089 metric tonnes in the first half of 2017, down by 3.9% Year-on-Year (YoY)

Alba reported sales volumes of 453,089 metric tonnes
Alba reported sales volumes of 453,089 metric tonnes

Aluminium Bahrain (Alba) reported sales volumes of 453,089 metric tonnes in the first half of 2017, down by 3.9% Year-on-Year (YoY).

While production volume reached 453,395 metric tonnes, falling by 4.5% YoY, sales and production volumes for the second quarter of 2017 topped 210,157 metric tonnes and 204,617 metric tonnes respectively.

In addition, Alba value-added sales averaged 61% of total shipments in Q2 2017 versus 55% for the same period in 2016 and 58% for the first half of 2017, compared to 54% in H1 2016.

Alba’s executive officer, Tim Murray, said: “We are pleased with the pace of Line 5 recovery process, which has allowed Alba to reduce the impact on lost production.  We are also committed to safely bringing back Line 5 to full production in the coming weeks.”

Alba will release its Q2 2017 Financial Results to the public on Monday, July 24, 2017.

 

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