Q2 2019 sales at Bahrain’s Alba grow 25% despite global trade tensions

      Published on Wednesday, 10 July , 2019      97 Views     
Q2 2019 sales at Bahrain’s Alba grow 25% despite global trade tensions


Bahrain Bourse-listed Aluminium Bahrain (Alba) recorded 25% year-on-year growth in sales volume during Q2 2019, with the value reaching 311,928 metric tonnes (t) during the period, compared to 249,595 t in Q2 2018, despite a downward trend in prices at the London Metal Exchange and ongoing global trade tensions.



The manufacturer says it will become the largest smelter in the world upon the completion of its Line 6 Expansion Project.

Chief executive officer of Alba, Tim Murray, said:

“We are targeting Line 6’s complete ramp-up by 31 July, 2019, which will position Alba for a strong second half-finish despite the tough aluminium market conditions.”

In a stock market filing, the company said that production in Q2 2019 reached 305,727 t, 21% higher compared to Q2 2018’s production of 252,081 t.

According to Alba, its H1 production grew by 13% to 578,434 t in comparison to 511,480 t in H1 2018 .



Sales volume for H1 2019 rose 14% over H1 2018 figures to 569,042 t.

Keywords:
Category Business | 2019/07/10 latest update at 8:14 AM
Source : Construction Week | Photocredit : Google
98 Views
Comments Add comment



Gulf Media

Related Articles

The editorial staff of Bahrain Today would like to give all of its readers from Gulf and Bahrain and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Bahrain Today with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter and Google pages or use our RSS feed channel to always read the most important news about Bahrain, the Gulf and the world.


HM King issues Decree 40/2019 King

HM King issues Decree 40/2019

His Majesty King Hamad bin Isa Al Khalifa issued Royal Decree 40/2019 restructuring the Supreme Judiciary Council. The…

HM King thanked by HM Queen Elizabeth II King

HM King thanked by HM Queen Elizabeth II

His Majesty King Hamad bin Isa Al Khalifa received a cable of thanks from Queen Elizabeth II in…

Bahraini King stresses importance of bilateral relations with Iraqi President King

Bahraini King stresses importance of bilateral relations with Iraqi President

Bahrain’s King Hamad bin Isa al-Khalifa held a phone call on Friday with Iraq’s President Barham Salih, a…

Khalifa Bin Salman in the People’s, Nation’s Memory book launched King

Khalifa Bin Salman in the People’s, Nation’s Memory book launched

Yousef Al Hamdan, the author of ”Khalifa Bin Salman in the Memory of the People, Nation” has launched…

GULF TV

Popular in GULF TV

8 Minute Ab workout 2018 VERSION with Tips

735 Views

8 Minute Ab workout: To celebrate more than 65 million YouTube views of the first version of the…

Latest videos in GULF TV

Events

Bahrain events

Lifestyle

Culture

Bahrain Culture, Bahrain, Bahrain News

Sport

Science & Technology

Government

Bahrain Government, Bahrain Government News, Bahrain News, Gulf News, News, Bahrain News