Line 6 Project

Despite Line 5 Damage, Alba Turns In Strong Second Quarter and First Half Numbers

Despite Line 5 Damage, Alba Turns In Strong Second Quarter and First Half Numbers

Boosted in part by a rebound in aluminium prices, Aluminium Bahrain B.S.C. (Alba) posted better financial numbers for the just-ended quarter and half. Alba turned in total sales of US$476.9 million in the second quarter, up year-on-year from last year’s Q2 total...

Events

Early Project Planning Complete on Alba’s Line 6 Aluminium Smelter

Aluminium Bahrain B.S.C. announced the completion of the Front End Engineering Design (FEED) study for its Line 6 Expansion Project last week, marking the end of the optimization process of the project. The FEED study, which was conducted by International Bechtel Co. Ltd. (Bechtel), identified several value-added opportunities, according to Alba. In addition, the study […]

Alba’s Net Profit Back in Black for Fourth Quarter 2016

Aluminium Bahrain released results for the fourth quarter and full year of 2016 earlier this month. Total sales for the fourth quarter were US$483 million, down 2% year-on-year from 2015’s fourth-quarter total of US$469 million. Net profit for the quarter totaled US$36.5 million, a reversal of 187% over the prior fourth-quarter loss of US$41.8 million. […]

Alba Concludes Yearly Town Hall Meetings in Manama

Aluminium Bahrain wrapped up two weeks of town hall meetings in Manama Sunday. The meetings involved almost ninety percent of the company’s workforce in discussions between the firm’s management and its workforce. Beginning on January 15th, the meetings were held in nine separate sessions and included participation from some of Bahrain’s private and public organizations. […]

Alba’s Third-Quarter Net Income Leaps by 65% Year-on-Year

Aluminium Bahrain B.S.C. reported totals for the third quarter and first nine months of 2016 yesterday. Alba’s numbers were highlighted by an increase in year-on-year net income by almost two thirds. The firm reported a sales total of US$463.5 million for the third quarter, down five percent year-on-year from 2015’s total of US$490.4 million. Alba […]

Alba Closes on US$1.5 BN Loan for Line 6 Project

Aluminium Bahrain announced on Sunday that it has successfully closed its syndicated term-loan facility. This is the first tranche in the firm’s funding of its Line 6 project. The firm initial financing target was between US$500 million and US$750 million, but the loan was eventually increased to US$1.5 billion because of greater interest from lenders. […]