Aluminium Bahrain B.S.C. (Alba) recorded record highs in aluminium production and sales last quarter even in the face of ongoing market volatility and trade turmoil.
The firm said in a recent press release that the second quarter saw Alba churn out 252,081 metric tons of raw aluminium, a 23-percent jump year on year. Sales volumes were similarly robust, with the firm selling 249,595 thousand metric tons in the quarter, representing a 19-percent jump over last year’s second-quarter total sales of 210,157 metric tons.
In the opening six months of 2018, Alba recorded a production total of 511,480 metric tons, a 13-percent rise over last year’s first-half total of 453,395 metric tons. Sales volumes for the first half of 2018 eclipsed last year’s total by 48,143 metric tons to reach a total of 501,232 metric tons.
Alba’s Chief Executive Officer Tim Murray chalked up the improved numbers despite challenging conditions as a testament to the firm’s staying power, promising that the first-half momentum will carry the company through to the year’s end.
“Thanks to our resilience, we have bounced-back stronger with double-digit increase in our production and sales volume.
“We aim to continue with the same momentum we kicked-off this year to finish 2018 stronger.”
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 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 2016 Alba’s smelter produced 971,420 metric tons of primary aluminium.