Alba produces 453,395 tonnes of aluminium in the first half of 2017, down 4.5% YoY

<p>Aluminium Bahrain B.S.C. (Alba) closed the first half of 2017 with a production volume of 453,395, down 4.5% YoY. The drop was mainly driven by the production loss in reduction line 5 due to power outage, the recovery process of which is still underway. The total sales volume stood at 453,089 tonnes, which was down by 3.9% YoY.</p> <p style="text-align: center;"><img style="vertical-align: middle;" src="http://www.alcircle.com/uploads/images/Alba%20Aerial%20View.jpg" alt="News" width="517" height="226" /></p> <p>Sales and Production volumes for Q2 2017 topped 210,157 metric tonnes and 204,617 metric tonnes respectively.</p> <p>Alba&rsquo;s Value-Added Sales was 61% of total shipments in Q2 2017 in comparison to 55% for the same period in 2016. For the first half of 2017, the share of Value-Added Sales stood at 58% compared to 54% in H1 2016.</p> <p>Commenting on Alba production results for H1 2017, Alba&rsquo;s Executive Officer, Tim Murray said:</p> <p>&ldquo;We are pleased with the pace of Line 5 recovery process, which has allowed Alba to reduce the impact on lost production.&nbsp; We are also committed to safely bringing back Line 5 to full production in the coming weeks.&rdquo;</p> <p>It is to be noted that on April 5, 2017, Alba experienced a power station outage that resulted in a temporary loss of power in all 5 Reduction Lines for approximately 3 hours. Alba subsequently restored power operations and repaired Reduction Lines 1-4. Repair work in Line 5 is still going on and the line is expected to return to full operation by early Q3 2017.</p> <p>{googleAdsense}</p> <p>Aluminium Bahrain B.S.C (Alba) will release its second quarter 2017 Financial Results to the public on July 24, 2017 as well as on the Investor Relations section of its website.&nbsp;</p>