Bahrain's ALBA to Expand Production Capacity by 2015

Feb 19, 2012, 13:46 ET from Kingdom of Bahrain

MANAMA, Bahrain, Feb. 19, 2012 /PRNewswire-USNewswire/ -- Owner of the fourth largest aluminum smelter in the world, Aluminum Bahrain has begun construction on its sixth production line. The additional capacity will be fully operational by 2015.

The line is expected to increase Alba's production capabilities by 400,000 tons annually. The facility currently produces 881,000 tons per year.

Alba also recently distributed $16 million in compensation to employees who were terminated during recent unrest.

"We are offering packages according to the number of years worked so they range from around one to two years of pay," said Tim Murray, the company's chief financial officer.






SOURCE Kingdom of Bahrain