With the recovery process of reduction Line 5 underway, Aluminium Bahrain B.S.C. (Alba) managed to close the first half of 2017 with its Sales volume at 453,089 metric tonnes, down by 3.9% Year-on-Year (YoY) while Production volume reached 453,395 metric tonnes, down by 4.5% YoY.
Sales and Production volumes for the second quarter of 2017 topped 210,157 metric tonnes and 204,617 metric tonnes respectively.
In addition, Alba Value-Added Sales averaged 61% of total shipments in Q2 2017 versus 55% for the same period in 2016 and 58% for the first half of 2017 compared to 54% in H1 2016.
Commenting on Alba’s sales and production volumes for H1 2017, Alba’s Executive Officer, Tim Murray said:
“We are pleased with the pace of Line 5 recovery process, which has allowed Alba to reduce the impact on lost production. We are also committed to safely bringing back Line 5 to full production in the coming weeks.”
Aluminium Bahrain B.S.C (Alba) will release its second quarter 2017 Financial Results to the public on Monday July 24, 2017 as well as upload the IR presentation on its Investor Relations section at www.albasmelter.com