Dammam: Alba, owner of one of the world’s largest smelters of the lightweight metal, said yesterday it would hit its target to cut cash costs by $150 a tonne by January and is looking to trim further.
The state-backed company started the two-year project to cut its cash costs in 2013, the company’s chief executive Tim Murray told an industry conference.
“We are ahead of the curve in terms of cost-cutting,” he said. “We will reach the target by January 2016 but we need a lot more.”
At the same time, Alba’s expansion plans were on track, Murray said.
“Everything is going as planned for line 6,” he said.
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