Alba expands its production and sales in first quarter

Manama, Apr. 11 (BNA): Aluminium Bahrain B.S.C. (Alba), on the go to be transformed into the largest smelter in the world, has expanded its overall sales volume and throughput for the first quarter of 2019 despite the downward pressure on LME prices. Manama, Apr. 11 (BNA): Aluminium Bahrain B.S.C. (Alba), on the go to be transformed into the largest smelter in the world, has expanded its overall sales volume and throughput for the first quarter of 2019 despite the downward pressure on LME prices. The sales’ volume topped 257,113 metric tonnes (mt) in this quarter, up by 2% Year-over-Year (YoY) while the production jumped to 272,707 mt, up by 5% YoY. Alba closed this quarter with Value-Added (VA) Sales averaging 52% of total shipments versus 58% for the same period in 2018. Commenting on Alba’s Sales’ volume and Production for Q1 2019, Alba’s Chief Executive Officer, Tim Murray said: "We are very pleased to have kicked-off 2019 strong despite market volatility. As we get closer to fully ramp-up Line 6 within Q3 2019, Alba will be positioned to further improve its operational performance and build upon the progress we made since we started Line 6 Expansion Project." Aluminium Bahrain B.S.C. (Alba) said it will release its first quarter 2019 Financial Results on 30 April 2019 as well as upload the IR presentation on its Investor Relations section at www.albasmelter.com