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Bahrain: Alba hires BNP for expansion

August 2012

Aluminium Bahrain (Alba), which owns the world’s fourth-largest aluminium smelter, has hired BNP Paribas to advise on financing options for a proposed $2.5 billion expansion plan to add a sixth production line.

Alba has said the new line - which will add 400,000 tonnes annual capacity to its current production of 881,000 tonnes a year - could be completed by early 2015.

A project feasibility study is expected to start at the end of the year, Alba said in a statement, adding it choose BNP for its ‘strong presence in Bahrain along with extensive experience with the aluminium sector.’

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