Aluminium Bahrain B.S.C. (Alba) announced yesterday that the firm’s sales and production volumes in the just-ended quarter both topped last year’s totals.
For the third quarter the Bahraini smelter boasted a total sales volume of 247,540 metric tons, which was good for a 0.5% increase year-on-year. Alba’s smelters produced 253,475 metric tons in the quarter, representing a 3-percent increase from last year’s third-quarter numbers.
Over the course of 2017’s first nine months the firm sold 700,629 metric tons, which was off by 2.4 percent from last year’s nine-month total. Production likewise fell in the first nine months of 2017 to 706,869 metric tons, a drop of 1.9 percent. Alba chalks up these losses to the power outage and corresponding temporary shut-down the plant suffered earlier in the spring.
Although production and sales suffered in 2017, the firm’s value-added sales held steady, accounting for 59 percent of the firm’s total shipments thus far.
Alba’s CEO Tim Murray lauded the accomplishment and predicted more good news is to come due to strong aluminium demand.
“We are pleased with the solid 3rd quarter performance on the back of the speedy recovery of Reduction Line 5. We are expecting a strong finish in the 4th quarter on the back of sound market demand.”
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 million metric tons per year.