OAPIL

OAPIL re-evaluating expansion plans to double its capacity

: Wednesday, August 06 - 2014 @ 03:35

Oman Aluminium Processing Industries (OAPIL), a joint venture between Oman Cables Company and Takamul Investment Company, is re-assessing its plans to expand the company’s present capacity, Times of Oman has reported. OAPIL earlier said that it was planning to double its capacity to over 100,000 tonnes per annum (tpa), from 48,000tpa now as per its master plan. OAPIL gets its feedstock — liquid aluminium — from Sohar Aluminium to produce rods and overhead conductors. The company has invested OR15m for the present plant. The plan was to add one more production line with the existing plant, which produces aluminium and alloy rods and overhead conductors for the power industry. The sales and profitability of Oman Aluminium Processing Industries for the six-month period was in line with the plan and has contributed positively to the group results, Oman Cables said in its first half result.

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Wednesday, August 6- 2014 @ 3:35 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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