Bahrain's Alba says production up 2% in Q1

Aluminium Bahrain's also sees steady sales despite sluggish growth in Europe slowdown

Aluminium Bahrain says production levels rose 2% in Q1.

Aluminium Bahrain says production levels rose 2% in Q1.

Aluminium Bahrain's output rose 2 percent in the first quarter of 2012, while sales were steady despite sluggish growth in Europe slowdown, Alba said on Sunday.

Production at one of the world's largest aluminum smelters was 220,738 tonnes in the first quarter of 2012, compared to 216,792 tonnes in the same period a year ago. Sales were unchanged at 135,104 tonnes, Alba said in a statement.

Bahrain's state-run energy supplier raised Alba's gas supply costs by $0.75 per million British thermal units (mmbtu) to $2.25/mmbtu on January 1, but Alba still enjoys cheaper fuel than many of its competitors.

The company plans to increase its production capacity from 881,000 tonnes to 1.28 million tonnes a year with the addition of a new production line in 2015.

Related:
Companies
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

All comments are subject to approval before appearing

Further reading

Features & Analysis
Power to the people in Saudi Arabia

Power to the people in Saudi Arabia

As Saudi Arabia fights to control surging electricity demand...

Inside Google's brave new world

Inside Google's brave new world

The $500bn technology giant is extending its reach into hardware...

Accounting meets religion in challenge for Islamic banks

Accounting meets religion in challenge for Islamic banks

Reconciling accounting standards and religious principles is...

Most Discussed
sponsoredTracking