NAPCO reports $12.4m in revenues in Q1 2016
The National Aluminium Products Company has invested in two new extrusion press machines to bolster its production
The National Aluminium Products Company (NAPCO) recorded $12.4m (OMR4.8m) in revenues during the first quarter of 2016 - declaring a net profit of $366,233 (OMR141,000).
The company has invested in two new extrusion press machines to bolster it production and has also acquired a Vertical Powder Coating Line - a new technology that will create new products while improving efficiency, saving on cost and ensuring environmental sustainability.
Robert Holtkamp, CEO, NAPCO, said: "The aluminium industry faces several market challenges such as fluctuating interest rates, increase 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."