Oman's Napco plans USD18.11m capacity expansion

(MENAFN) National Aluminium Products Co (Napco) plans to spend USD18.11 million to boost its capacity to basically increase volumes and market share, Muscat Daily reported.

The company will install two additional extrusions presses in a phased manner this year and also set up a power plant. The company board has approved the capacity expansion in line with its business strategy.

"The estimated cost of the expansion will be approximately USD18.11 million, including related civil construction. With the strategy devised, upon achievement, the company expects a substantial increase in volume and profitability post expansion," Napco said in yearly financial report submitted to the Muscat Securities Market.

The company showed its going to focus on broadening local market as well as more exports to GCC, African and Asian countries with consistent quality, improved service and concerted marketing efforts.