15 DECEMBER 2013www.arabianbusiness.com
Bahrain's Alba on track to exceed last year's production-record
Edited by : AL CIRCLE
1 min read
Aluminium Bahrain, also known as Alba, has said it is on track to exceed the production-record of 890,000 metric tonnes set last year.
The company described 2013 as "an exceptional operational performance despite tough market conditions".
Chairman Mahmood Hashim Al Kooheji said in a statement: "Alba continues to push the limit on operational improvement with the launch of the Project Titan cost improvement programme.
"We feel Project Titan will not only be a key differentiator but will also give the company a cutting-edge to maintain its competitive position in this industry," he added.
Last month, Alba swung to a third-quarter net profit on higher sales to Saudi Arabia.
The owner of the world's fourth-largest aluminium smelter said net profit for the three months to September 30 was BD4.9m ($13 million) versus a net loss of BD13m a year earlier.
Alba's income was boosted by a 7 percent increase in sales to BD183.3m, with strong demand from Saudi Arabia noted, and a 4.7 percent hike in tonnes produced compared to the same months last year.
The company described 2013 as "an exceptional operational performance despite tough market conditions".
Chairman Mahmood Hashim Al Kooheji said in a statement: "Alba continues to push the limit on operational improvement with the launch of the Project Titan cost improvement programme.
"We feel Project Titan will not only be a key differentiator but will also give the company a cutting-edge to maintain its competitive position in this industry," he added.
Last month, Alba swung to a third-quarter net profit on higher sales to Saudi Arabia.
The owner of the world's fourth-largest aluminium smelter said net profit for the three months to September 30 was BD4.9m ($13 million) versus a net loss of BD13m a year earlier.
Alba's income was boosted by a 7 percent increase in sales to BD183.3m, with strong demand from Saudi Arabia noted, and a 4.7 percent hike in tonnes produced compared to the same months last year.
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