Published On:August 4 2014
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Oman Aluminum re-assessing expansion plans to double its capacity.
Times of Oman reported that Oman Aluminum Processing Industries, a JV between Oman Cables Company and Takamul Investment Company, is re evaluating its plans to expand the company's present capacity.
OAPIL earlier said that it was planning to double its capacity to over 100,000 tonnes per annum from 48,000 tonnes per annum 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 OMR15 million 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.