Aluminium Bahrain B.S.C. Reports Sales and Production Results for the Fourth Quarter and Fiscal Year 2016
January 08, 2017
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Aluminium Bahrain B.S.C. reported sales and production results for the fourth quarter and fiscal year 2016. For the fourth quarter of 2016, the company reported sales figures grew by 1.5% year-on-year to stand at 256,445 metric tonnes versus 252,582 metric tonnes for the same period in 2015.
For the fourth quarter, the company reported production reached 250,670 metric tonnes, an increase of 7,056 metric tonnes as compared to fourth quarter of 2015.
For the year, the company reported sales volume of 974,014 metric tonnes, up by 2.3% year-on-year as compared to 951,944 metric tonnes in 2015.
For the year, the company reported production of 971,420 metric tonnes, up by 1.1% YoY versus 960,643 metric tonnes in 2015.
Aluminium Bahrain BSC (Alba) is a Bahrain-based company engaged in manufacturing aluminum and aluminum related products. The Company produces more than 890,000 metric tons annually and exports its production to regional and international customers in the Middle East, Europe, Far East, South East Asia, Africa and North America. Albaâs products include standard and T-ingot, extrusion billets, rolling slab, propertzi ingots, and molten aluminum. Alba plant comprises five reduction lines, three cast houses, a dedicated carbon plant, a 550,000 metric tons per annum (mtpa) coke calcining plant, a water desalination plant, 11 fume treatment plants, a marine terminal, and a 2.225 megawatt (MW) power plant, consisting of four power stations. Its main shareholder is Bahrain Mumtalakat Holding Company (69.38%).