Alba Records 25-Percent Rise In Aluminium Sales Volume In Year’s Opening Half

Alba Records 25-Percent Rise In Aluminium Sales Volume In Year’s Opening Half

Aluminium Bahrain B.S.C. released production numbers for the second quarter of 2019 over the weekend. Despite sagging prices at the London Metal Exchange, Alba turned in double-digit increases in both sales volume and throughput in the quarter.

During the year’s second quarter Alba recorded a sales volume of 311,928 metric tons, up by 25 percent on the year from last year’s second-quarter total of 249,595 metric tons. Aluminium production rose in the quarter to 305,727 metric tons, a 21-percent improvement over last year’s second-quarter aluminium production total of 252,081 metric tons.

However, Alba’s value-added sales dipped in the quarter with value-added products constituting 52 percent of its total sales, off by 8 percent from the same time last year.

For the year’s opening half the firm produced 578,434 metric tons of primary aluminium, better by 13 percent from last year’s first-half total of 511,480 metric tons. Sales volumes rose by 14 percent in the first half, from 569,042 metric tons last year to 636,852 metric tons this year.

Alba’s CEO Tim Murray said that the first half’s gains are expected to be a prelude for even stronger production results over the course of the year’s latter half.

“Driven by the solid progress on the Line 6 ramp-up, Alba closed the second quarter with double-digit volume increase in both Sales and Production. We are targeting Line 6 complete ramp-up by 31 July 2019 which will position Alba for a strong 2nd half-finish despite the tough aluminium market conditions.”

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 84% 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. In 2018 Alba’s smelter produced 1,011,101 metric tons of primary aluminium.