Bahrain's Alba expects production record in 2013

Company chairman lauds 'exceptional' performance amid tough market conditions
Bahrain's Alba expects production record in 2013
By Andy Sambidge
Fri 13 Dec 2013 10:50 AM

Aluminium Bahrain, also known as Alba, has said it is on track to exceed the production-record of 890,000 metric tonnes set last year.

The company described 2013 as "an exceptional operational performance despite tough market conditions".

Chairman Mahmood Hashim Al Kooheji said in a statement: "Alba continues to push the limit on operational improvement with the launch of the Project Titan cost improvement programme.

"We feel Project Titan will not only be a key differentiator but will also give the company a cutting-edge to maintain its competitive position in this industry," he added.

Last month, Alba swung to a third-quarter net profit on higher sales to Saudi Arabia.

The owner of the world's fourth-largest aluminium smelter said net profit for the three months to September 30 was BD4.9m ($13 million) versus a net loss of BD13m a year earlier.

Alba's income was boosted by a 7 percent increase in sales to BD183.3m, with strong demand from Saudi Arabia noted, and a 4.7 percent hike in tonnes produced compared to the same months last year.

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