(MENAFN) An official said that aluminum Bahrain (Alba), one of the world's biggest smelters, is mulling plans to raise its output by up to 45 per cent to about 1.2 million tonnes, The Peninsula reported.
The official said that the plan, which envisages a new production line worth $1.7 billion, was provisional and needed to be approved by the company's board.
Output at Alba currently stands at 830,000 tonnes. The firm has previously said it was examining foreign expansion plans as part of a business strategy to be decided within six months.
In September 2005, Alba launched its fifth production line, raising its output capacity by 307,000 tonnes per year.
Alba is 77 percent owned by the Bahraini government, 20 percent by Saudi Arabia and three percent by the German group Breton Investments.
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