Alba breaks all-time record on sales & production
Aluminium Bahrain B.S.C. (Alba) has surpassed its annual sales’ record of 931,526 metric tonnes (mt) in 2014 when its sales figures rose by 2.2% year-on-year (YoY) to reach 951,944 mt while production figures topped 960,643 mt up by 3.1% YoY versus 931,427 mt in 2014.
For the fourth quarter of 2015, sales figures grew by 4.2% YoY to stand at 252,582 mt versus 242,322 mt in Q4 2014; production figures reached 243,614 mt, an increase of 9,695 mt as compared to the same period of 2014.
In addition, Alba managed to close 2015 with its Value-Added (VA) sales averaging 64% of total shipments versus 66% in 2014.
Commenting on Alba’s sales and production for 2015, Alba’s Chief Executive, Tim Murray said: “We are delighted to be celebrating yet another record in sales and production despite the tough market conditions. As we move forward in 2016, we remain committed to do better than necessary by improving our underlining performance and plant reliability.”
Aluminium Bahrain B.S.C (Alba) will release its Full- Year and Fourth Quarter 2015 Financial Results to the public on Thursday, February 18, 2016 as well as upload the IR presentation on its Investor Relations section at www.albasmelter.com.