Aluminium Bahrain BSCC : Alba hits high with Sales & Production record

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Aluminium Bahrain B.S.C. (Alba), the Bahrain-based international aluminium smelter, announced today, its sales volume of 974,014 metric tonnes (mt) for 2016, up by 2.3% year-on-year (YoY) as compared to 951,944 mt in 2015, while its production volume topped 971,420 mt, up by 1.1% YoY versus 960,643 mt in 2015.

For the fourth quarter of 2016, sales figures grew by 1.5% YoY to stand at 256,445 mt versus 252,582 mt for the same period in 2015 while production figures reached 250,670 mt, an increase of 7,056 mt as compared to Q4 2015.

Despite the tough market conditions, Alba managed to close 2016 with its Value-Added (VA) Sales averaging 56% of total shipments versus 64% in 2015.

Commenting on Alba's Sales and Production for 2016, Alba's Chief Executive Officer Tim Murray said:

'We are pleased to have successfully exceeded our target in Sales and Production volumes in 2016. This remarkable achievement is in line with our expectations for 2016 and prepares Alba for reaching 2017 goals while continuing to focus on Safety Performance and Operational Excellence.

I, also, thank our dedicated workforce for being committed to Alba's Safety journey and urge them to continue to push the limits to achieve more'.

Aluminium Bahrain B.S.C (Alba) will release its Full-Year and Fourth Quarter 2016 Financial Results to the public on Thursday, February 15, 2017 as well as upload the IR presentation on its Investor Relations section at www.albasmelter.com.