Alba Sales Volumes and Production Surge in the First Quarter of 2018
Aluminum Bahrain B.S.C. (Alba) started 2018 with a record-breaking first quarter’s operational performance as Sales volume topped 251,637 metric tonnes (mt), up by 3.6% Year-over-Year (YoY), while Production stretched by 4.3% YoY to reach 259,399 mt.
in addition, Alba closed this quarter with Value-Added (VA) Sales averaging 58% of total shipments versus 56% for the same period in 2017.
Commenting on Alba’s Sales volume and Production for Q1 2018, Alba’s Chief Executive Officer, Tim Murray said:
“Despite the market’s volatility, we continue to capitalize on our culture of ‘always do better than necessary’ and were able to stretch our targets thanks to our operational efficiency and dedication of our employees.
We aim to continue with the same momentum to reach 1 Million mt production by the end of 2018”.
Aluminium Bahrain B.S.C. (Alba) will release its first quarter 2018 Financial Results to the public on Sunday April 29, 2018 as well as upload the IR presentation on its Investor Relations section at www.albasmelter.com
source: Alba
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