LONDON Aluminium Bahrain
BSC (Alba) is edging closer toward its long-term goal of
achieving 70 percent of sales through value-added products
(VAP), boosting VAP sales last year even as the companys
total sales slipped.
Alba sold 890,291 tonnes of
aluminum in 2012, down 0.3 percent from 893,020 tonnes the
previous year. Fourth-quarter sales of 225,739 tonnes were down
0.6 percent from 227,042 tonnes a year earlier.
However, Albas full-year
VAP sales accounted for about 65 percent of total sales last
year, up from 62 percent in 2011. Fourth-quarter VAP sales
accounted for 64 percent of total sales, up from 52 percent in
the same period in 2011.
"Despite the difficult (London
Metal Exchange) market conditions, Alba was able to increase
value-added sales to boost its profit margins," chief executive
officer Tim Murray said in a statement.
A version of this article was first published by AMM sister
publication Metal Bulletin.