Muscat – MENA Herald: The National Aluminium Products Company SAOG (NAPCO), one of the leading extruders of aluminum profiles in the GCC, has announced that it has achieved OMR 4.8 million in revenues during the first quarter ending in March 31, 2016 – declaring a net profit of OMR 141,000.
NAPCO has invested in two new extrusion press machines to bolster its production, with one already in operation while the fourth press still in its trial phase and will be operational by end of this month. The company has also acquired a Vertical Powder Coating Line, a new technology that will create new products while it improves efficiency, save on cost, as well as ensure environmental sustainability.
“The aluminum industry faces several market challenges such as fluctuating interest rates, increased corporate tax and energy prices. Despite these challenges, NAPCO has remained steadfast in ensuring its production processes are delivering more quality products to its customers. We expect that the second quarter will deliver better results as we take on a proactive role to increase the value of our products across all markets,” concluded Robert Holtkamp, CEO of NAPCO.