Jump in Sales and Production During Q1 for Aluminium Bahrain
11 April 2017 by Staff
Middle Eastern aluminium producer Aluminium Bahrain B.S.C. announced last week a significant uptick in sales and production over the course of the first three months of this year.
For the year through March the firm sold 242,932 metric tons of aluminium, good for a 4.9% increase year-on-year over last year’s first-quarter sales volume of 231,538 metric tons. Additionally, overall production of primary aluminium totaled 248,776 metric tons, a 5.6% bump year-on-year over 2016’s first-quarter total of 235,478 metric tons.
The percentage of Alba’s downstream business grew in the quarter as well, accounting for 56% of the firm’s business. Value-added sales made up 52% in 2016’s first quarter.
“We are pleased to finish the first quarter of 2017 with this strong volume momentum in our Sales and Production,” opined Alba’s chief executive officer Tim Murray. “We were able to step-up our performance thanks to our plant reliability, integrated marketing approach and most importantly our people who aim to exceed the Company set-targets.”
Aluminium Bahrain says it plans to release the entirety of its first-quarter 2017 on April 23rd.
Aluminium Bahrain B.S.C., or simply Alba, is one of the largest industrial companies in the Middle East and is one of the top 10 largest aluminium producers in the world. Originally incorporated in 1968, the company is based in Bahrain and 87% of its total workforce are Bahraini nationals. It began operations in 1971 with a 120,000 metric ton annual capacity. Modernization bumped the output up to 450,000 metric tons in 1992. In the spring of 2005, Alba opened Line 5, raising output by 860,000 metric tons per year. Maximum output for the smelter is in the neighborhood of 1.2 million metric tons per year.