Business

National Aluminium Products Company SAOG (NAPCO), among the leading extruders of aluminium profiles in the GCC, has actually registered an amazing performance for 2015, attaining robust development volume in the regional market as well as exports. It earned profits of OMR 24.8 million, compared with OMR 19.4 million in 2014, representing a boost of 28 percent. In addition, NAPCO has actually gotten a net profit of OMR 0.78 million in comparison to OMR 0.70 million in the previous year, recoding a boost of 11 percent.

Regardless of a tough business environment for the aluminium extrusion market, NAPCO has actually managed to increase the capability utilization of its existing plant, broaden its item offerings, improve client services, and increase its concentrate on market efforts, penetrating deep into domestic sectors to capture a larger market share. Furthermore, the management carried out dynamic methods throughout the year to enhance cost performances in the future.

Robert Holtkamp, CEO, NAPCO, said: "The rock-bottom rates of crude oil have affected the building sector, which in turn has actually affected the aluminium extrusion industry. In the near-term, NAPCO is bullish about the development chances in recognized and brand-new markets by offering improved services and items.

To complement its development plans, NAPCO has installed two extra extrusion presses in a phased way and a vertical powder coating plant which will begin commercial production by end of April 2016. The estimated expense of the expansion is OMR 7 million, including associated civil construction of a brand-new factory.

NAPCO has been part of numerous landmark projects in Oman and the rest of the region. NAPCO's long list of advancements make up the Supreme Court in Muscat, Salalah Airport, the Dubai International Airport Expansion (UAE), the Burj Khalifa (UAE), and the Al Rayyan Complex (UAE), to name a few.

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