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Alba reports growth in value-added sales
- Bahrain: Tuesday, January 22 - 2013 at 06:28
Aluminium Bahrain (Alba) has said it has been able to generate a higher value-added sales volume in 2012, despite challenging market conditions, Daily Tribune has reported. The company said 2012 value-added sales closed with an average of 65% against 62% in the previous year, while fourth-quarter figures accounted for 64% of the total shipments, compared with 52% in the same quarter in the previous year. "Despite the difficult London Metal Exchange Market conditions, Alba was able to increase value-added sales to boost its profit margins," said Alba chief executive, Tim Murray. "Last year was a record year in production thanks to Alba's commitment to deliver stretch targets."
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