GulfBase Live Support
Leave a message and our representative will contact you soon
01/07/2015 03:32 AST
Oman-based National Aluminium Products Company (Napco) said its expansion plan to double capacity is on track with equipment beginning to arrive in the sultanate ahead of schedule.
The premier extruder of aluminium profiles in the GCC is planning to launch new products and services, in a bid to broaden its regional and international market reach.
Napco has ordered two fully automated extrusion presses from Spain's Tecalex and a vertical powder coating line from Trasmetal, Italy, to double its current capacity of 18,000 tonnes per year.
The company is now receiving the commissioned machinery components which will continue to arrive until October, said a statement from the company.
The teams from Tecalex and Trasmetal will be present for assembling the machines, while local suppliers will provide services for fabrication, erection and other mechanical works to build the fully functional plant, it stated.
While the first press will be operational by September 2015, the second will be on stream by December, with the powder coating line to be ready by October, Napco said in its statement.
On the expansion plan, CEO Robert Holtkamp said: "It is progressing as planned, with Phase One work to be completed soon even as the new extrusion press and powder coating line become fully operational by October 2015."
"Phase Two is scheduled to be completed by early next year," he added.
While doubling capacity, its extrusion presses will enable production of different profiles to better serve new markets, Napco said.
Furthermore, the new vertical powder coating line will extend capacity from 7,000 tonnes to 27,000 tonnes, it added.
"Our current strategy is driven by our commitment to serve our customers better and complements our vision to provide high-quality extrusions to Oman and the rest of the GCC and beyond," stated Holtkamp. "Over the medium term, we aim to become one of the top five extruders in the GCC," he added.
Napco has been part of several landmark projects in Oman and the rest of the region. Its current portfolio in Dubai, UAE, includes Citywalk, an upcoming retail destination on the junction of Al Wasl and Safa Roads; Onyx Tower, a three-tower commercial project close to Emaar Business Park on Sheikh Zayed Road; Dubai Design District (d3), an ambitious and innovative purpose-built destination for creatives.
It is also working on Abu Dhabi Plaza, a mixed-use development in Astana, Kazakhstan.
Napco's long list of developments include the Supreme Court in Muscat and Salalah Airport (Oman); and the Dubai International Airport expansion, the Burj Khalifa, and the Al Rayyan Complex (UAE).
Trade Arabia
05/04/2016
National Aluminium Products Company (Napco), a leading extruder of aluminium profiles in the GCC, has registered revenues of RO24.8 million ($64.1 million) last year, as compared to RO19.4 million, r
Trade Arabia
09/03/2016
National Aluminium Products Company is expanding its production capacity by installing two additional extrusions presses in a phased manner and a vertical powder coating plant. While the expansion in
Oman Daily Observer
09/06/2015
National Aluminium Products Company SAOG (NAPCO), one of the leading extruders of aluminium profiles in the GCC, has announced a strong performance for 2014, posting net profits of RO 701,000 with re
Oman Daily Observer
Ticker | Price | Volume |
---|
Ticker | Price | Change |
---|---|---|
ALPHADHABI | 10.94 | 0.00 (0.00 |
IQCD | 12.15 | -0.30 (-2.41 |
ADNOCLS | 4.40 | 0.02 (0.45 |
NMDC | 24.04 | 0.20 (0.83 |
ADPORTS | 3.90 | 0.01 (0.25 |
25/04/2025
Saudi Awwal Bank (SAB), one of the leading banks in Saudi Arabia, has signed SR2 billion credit facility agreement with the Saudi Binladin Group, a subsidiary of Binladin International Holding Group,
Saudi Gazette
24/04/2025
The Dubai-based logistics firm Aramex has confirmed a new acting CEO after Othman AlJeda, the incumbent, resigned for personal reasons.
The change at the top comes just weeks after Abu Dhabi
Gulfnews
24/04/2025
The leading UAE banks have put up some sizable growth in their Q1-2025 results, with ADIB's net profit before tax totalling Dh1.9 billion - and that's from an impressive 18% gain year-on-year.
Gulfnews
24/04/2025
Salalah Port has received five modern dual-fuel methanol-powered container vessels from Maersk's fleet, marking a significant milestone in the port's infrastructure development and readiness to accom
Times of Oman
24/04/2025
QNB has launched a new campaign, aimed at rewarding customers to use their QNB Mastercard debit cards for everyday purchases.
The campaign, taking place from April 24-June 24, will offer win
Gulf Times