Alba’s sales and production volume were up by 0.5 per cent YoY (247,540 metric tonnes) and 3 per cent YoY (253,475 metric tonnes), respectively. Value-added sales averaged 59 per cent of total shipments in Q3.

 

Alba said its Line 6 Expansion Project is on track with overall progress of 30 per cent from inception till to-date [engineering advanced by more than 60 per cent while contracts and procurement by more than 75 per cent].

 

Alba Chairman Shaikh Daij Bin Salman Bin Daij Al Khalifa said: “I would like to thank all Alba employees and contractors for restoring Line 5 safely.‎ As we move ahead, we also look forward to make solid progress in our flagship development -  Line 6 Expansion Project.” 

 

Alba’s Chief Executive Officer Tim Murray added: “Alba set a new benchmark on Line 5 recovery which translated into strong operational results. I would also like to thank our employees and contractors for maintaining safe operations through a difficult summer.” 

As the demand growth for aluminium remains healthy, the world consumption rose by 6 per cent year-on-year (YoY). Asian demand continues to be strong, up by 6 per cent YoY, supported by Chinese consumption (+7% YoY), while Mena demand went up by 4 per cent YoY driven by infrastructure spending in Saudi Arabia (+11% YoY). Europe’s consumption remains firm, up by 4 per cent YoY, led by steady demand across the transport and packaging sectors; North America demand was up by 3 per cent YoY driven by continued growth in auto and construction markets, the Alba statement said.