Alba posts record quarterly production, sales volume
Aluminium Bahrain (Alba) yesterday announced recording a double-digit growth in its third-quarter sales and production volume, which, according to the company, is also its highest-ever quarterly production and sales volume. Sales volume jumped 51 per cent to 376,025 metric tonnes (mt) from 248,970 mt for the same period in 2018. Production topped 385,396 mt in Q3, up by 53pc YoY, versus 251,472 mt in Q3 2018.
“With the double - digit growth in our Production and Sales’ Volume, we are set for a strong finish to 2019. This year is proving to be transformational for Alba as we will produce 1,350,000 mt for the first time in history and deliver Line 6 into commercial operations,” said acting CEO Ali Al Baqali.
For the nine months of 2019, Sales’ volume was 945,067 mt, up by 26pc, compared to 750,202 mt for the same period in 2018. Production rose by 26pc YoY to finish at 963,830 mt for the nine months of 2019 versus 762,952 mt for the same period in 2018. Alba will release its Third Quarter and Nine-Month 2019 Financial Results on 27 October 2019.
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