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Aluminium Bahrain (Alba) |
Aluminium Bahrain (Alba) has announced a new production record for 2024, achieving a total output of 1,622,000 tonnes of aluminium. This represents a 0.10% increase compared to the previous year, a remarkable feat considering a minor industrial fire at a power rectifier supplying its reduction line 1 in November.
Production Growth and Future Plans
The record production is attributed to the capacity optimization of Alba's reduction line 6, which was commissioned in late 2018 and reached its full capacity of 560,000 tonnes per year in April 2023. This achievement underscores the company's commitment to operational efficiency and growth.
Looking ahead, Alba has shifted its focus from installing a seventh reduction line to replacing its existing lines 1, 2, and 3 with new production facilities. This strategic move suggests a focus on modernization and technological advancements to further enhance production capabilities and sustainability.
Potential Merger with Ma'aden
Alba and fellow Middle Eastern aluminium producer Ma'aden entered into a non-binding agreement in September to explore a potential merger. This agreement, initially set to expire at the end of 2024, has been extended to the end of April this year, indicating ongoing discussions and the potential for a significant consolidation within the Middle Eastern aluminium industry. The potential combination of Alba and Ma'aden could create a major global player in the aluminium market.
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