Alba increases value-added sales in 2012
- Bahrain: Sunday, January 20 - 2013 at 16:39
- PRESS RELEASE
Aluminium Bahrain B.S.C (Alba) announced that despite challenging market conditions it was able to deliver higher value-added sales volume.
Sales figures for the fourth quarter of 2012 stood at 225,739 mt versus 227,042 metric tonnes for the same period of 2011.
Alba closed 2012 value-added sales with an average of 65% versus 62% in 2011 while (VA) sales for Q4 2012 represented 64% of the total shipments as compared to 52% in Q4 2011.
The company achieved a record production in 2012 reaching 890,217 mt which was a jump of 8,907 metric tonnes as compared to 881,310 mt in 2011.
Commenting on Alba's sales and production for 2012, Alba's Chief Executive, Tim Murray said, "Despite the difficult LME market conditions, Alba was able to increase value-added sales to boost its profit margins. 2012 was a record year in production thanks to Alba's commitment to deliver stretch targets."
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