Author：Site  Source：Network  Click to rate：2485  Post time：2013-02-26

Aluminium Bahrain (Alba) has announced a 16% decline in full-year 2012 sales and an increase in production and ahead-of-target recurrent sales.

The Bahrain-based aluminium producer reported full-year 2012 sales of US$1.9 billion, down 16% on the previous year due to low LME prices. The 2011 figure was US$2.3 billion. Net income was down too at US$257 million compared with US$564 million the previous year.

But despite these figures, Alba achieved recurrent savings of US$40 million – US$10 million ahead of target – and increased its production by 8,907 metric tonnes. Sales of value-added products reached 65% of total shipments (up from 62% in 2011) and the company upgraded its Pot Line 5 from AP30 to AP36 technology, which enabled an increase of current to 360kA.