Alba¡¯s Project Titan - Phase III achieves US$102 million in savings

Aluminium Bahrain B.S.C. (Alba), now amongst the 1 Million-Club metric tonnes smelters in the world, has achieved US$102 million savings in Phase III of Project Titan.

Alba has launched Phase IV of Project Titan to reduce cash-cost of US$100 million by the end of 2020. Phase IV, a 24-month Program, aims to achieve US$40 million in 2019 and US$60 million in 2020.

Alba’s Chief Executive Officer Tim Murray said: “As Alba is progressing to be transformed to become the world’s largest aluminium smelter with a production of 1.5 million metric tonnes, we must challenge ourselves in every aspect to stay competitive and ahead of the curve especially amidst the weak sentiment hovering around LME price.”

The company achieved benefits of US$143 million in Phase I (2-year Program), US$36 million in Phase II (2-year Program), US$102 million in Phase III (1-year Program).

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