Aluminium Bahrain BSCC : Alba H1 results jump but industry is facing strong headwinds
July 29, 2015 at 09:10 am EDT
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Alba H1 results jump but industry is facing strong headwinds
July 29, 2015
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Aluminium Bahrain B.S.C. (Alba) announced the release of its second quarter and first half of 2015 results on Wednesday, July 29, 2015.
Commenting on Q2 & H1 2015 Results, the Chairman of Alba's Board of Directors, Daij bin Salman bin Daij Al Khalifa: "Alba was able to outperform the industry and continue to deliver on Safety. We plan to use this positive momentum as we gear-up for Line 6 Expansion Project which will make Alba the largest single-site aluminium smelter in the world."
Alba's Chief Executive Officer, Tim Murray added:
"Alba continues to excel in what we control -- which is Safety, Production and Cost. As we look ahead for the remainder of 2015, we see a large drop in the all-in-aluminium prices; however, we expect to deliver solid results despite these challenges." Alba's Management will be holding a conference call on Wednesday, July 29, 2015 (post-closing of Bahrain trading-hours) to discuss Alba's performance for the second quarter and first-half of 2015 results as well as outline the company's priorities for the remainder of this year.
Aluminium Bahrain BSC (Alba) is a Bahrain-based company engaged in manufacturing aluminum and aluminum related products. The Company produces more than 890,000 metric tons annually and exports its production to regional and international customers in the Middle East, Europe, Far East, South East Asia, Africa and North America. Albaâs products include standard and T-ingot, extrusion billets, rolling slab, propertzi ingots, and molten aluminum. Alba plant comprises five reduction lines, three cast houses, a dedicated carbon plant, a 550,000 metric tons per annum (mtpa) coke calcining plant, a water desalination plant, 11 fume treatment plants, a marine terminal, and a 2.225 megawatt (MW) power plant, consisting of four power stations. Its main shareholder is Bahrain Mumtalakat Holding Company (69.38%).
ALUMINIUM BAHRAIN B.S.C. 
