NAPCO earns OMR 4.8 million in revenues for Q1 2016
The National Aluminium Products Company SAOG (NAPCO), one of the leading extruders of aluminum profiles in the GCC, has announced that it has accomplished OMR 4.8 million in revenues throughout the first quarter ending in March 31, 2016-- stating a net profit of OMR 141,000.
NAPCO has bought 2 brand-new extrusion press machines to bolster its production, with one currently in operation while the 4th press still in its trial phase and will be operational by end of this month. The company has also obtained a Vertical Powder Coating Line, a new technology that will create brand-new items while it enhances efficiency, save on cost, as well as guarantee environmental sustainability.
"The aluminum market deals with numerous market obstacles such as fluctuating rate of interest, enhanced corporate tax and energy rates. In spite of these obstacles, NAPCO has actually remained steadfast in ensuring its production processes are providing more quality products to its consumers. We anticipate that the 2nd quarter will provide much better outcomes as we handle a proactive function to enhance the value of our items throughout all markets," concluded Robert Holtkamp, CEO of NAPCO.
