Aluminium Bahrain’s Line 6 Expansion Achieves 25 Percent Completion
Aluminium Bahrain B.S.C. (Alba) updated shareholders on the firm’s progress on the US$3-billion Line 6 Expansion Project yesterday, noting that...
Aluminium Bahrain B.S.C. (Alba) released financials for the third quarter of 2017 yesterday. Financial numbers were up across the board, which the firm credits in no small part to the continuing recovery of the global aluminium market. Alba recorded US$625.8 million in...
Aluminium Bahrain B.S.C. (Alba) updated shareholders on the firm’s progress on the US$3-billion Line 6 Expansion Project yesterday, noting that...
Boosted in part by a rebound in aluminium prices, Aluminium Bahrain B.S.C. (Alba) posted better financial numbers for the just-ended...
Aluminium Bahrain B.S.C. announced yesterday that repair operations to its Reduction Line 5 have been successfully completed. The line suffered...
Aluminium Bahrain B.S.C. (Alba) announced over the weekend that the concrete foundation of the firm’s new Potline 6 facility has been laid. A portion of the Line 6 project, Potline 6 consists of two pot rooms, each of which is just under a mile long. As such, these buildings are the longest in the Line […]
Shovels have turned the first dirt in the construction of Aluminium Bahrain B.S.C.’s long-awaited Line 6 Expansion Project. Alba made the announcement of same this past Sunday. The new line is slated to cover an area of 150 acres and require an earthwork cut-and-fill volume of 63.6 million square feet of dirt. Companies local to […]
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 […]
Aluminium Bahrain recently released financial results for the first quarter, boasting significant to exceptional gains in several major categories. Alba reported a sales volume of 242,932 metric tons, up 4.9% year-on-year. Total sales for the quarter came in at US$506 million, a 22% increase year-on-year from last year’s Q1 total of US$416 million. Net income […]
Aluminium Bahrain B.S.C. announced yesterday that it had secured US$700 million in financing for the construction of its sixth aluminium production line. The financing from the Export Credit Agency (ECA) will be composed of two tranches, one of US$310 million and a second composed of a EUR315-million SERV Guaranteed Export Credit and a EUR50-million Euler […]
Earlier this month the United States Congress passed into law President Joe Biden’s US$1.2 trillion infrastructure package. The Investing in a New Vision for the Environment and Surface Transportation in America Act (or the INVEST in America Act) will allocate US$550 billion ...
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