Arab Today, arab today alba sales up 13 to 931526 tonnes
Last Updated : GMT 22:49:43
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Arab Today, arab today

Alba sales up 1.3% to 931,526 tonnes

Arab Today, arab today

Arab Today, arab today Alba sales up 1.3% to 931,526 tonnes

Alba Chief executive Tim Murray
Manama - BNA

Aluminium Bahrain’s (Alba) sales figures rose 1.3 per cent in 2014 to reach 931,526 tonnes versus 919,722 tonnes in 2013.
The figure was ahead of the company’s own forecast for the year while production figures were up by 2.1 per cent to reach 931,427 tonnes versus 912,700 tonnes in 2013, the company said.
For the fourth quarter of 2014, sales figures grew to 242,322 tonnes - a 2 per cent increase compared to 237,534 tonnes in Q4 2013. Production figures topped 233,920 tonnes, an increase of 4,004 tonnes as compared to the same period of 2013.
In addition, Alba was able to sustain value-added (VA) sales for 2014 with an average of 66 per cent of total shipments, it sadi.
Alba chief executive Tim Murray said: "We continue to build momentum and we were able to exceed our own forecasts thanks to the hard work of Alba’s dedicated workforce. We firmly believe that the improvement in safety had a direct correlation on Alba’s setting the record on production in 2014. In 2015 we expect to further push the limits on operational performance and look positively to future growth."
Alba will release its full-year and fourth quarter 2014 financial results to the public on February 9, it said

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