Aluminium Bahrain (Alba) announced the launch of Phase 3 of its company-wide, cost reduction programme, Project Titan.
The project aims to reduce cash-cost by $60 per metric tonne of aluminium and step-up its production capacity to 1,000,000 metric tonnes per annum by end of 2018.
Project Titan Phase 3, aims to optimize the company’s operational costs, boost Value-Added Sales as well as increase its production, is an integral part of Alba’s strategy for value-creation and sustainable operations.
Alba’s chief executive officer Tim Murray, said: “Preparation is key if we are to seize the right opportunities in the future.
“By stretching our limits via Phase III of Project Titan, our resilience will allow us to improve our operational efficiency and maintain our competitive position in the industry.”