03 April 2011
MUSCAT: Oman Cables Industry (OCI), one of the leading electric cable producers in the Gulf region, is likely to commission its expansion project within its manufacturing facility in Rusayl this month.
"The project is about 80 per cent complete. It will be operational in April," said OCI chief executive officer Hans Meiring.
The company is investing RO4 million for the expansion, which is aimed at enhancing capacity by 30 per cent, mainly for producing medium voltage power cables. The company will also introduce some new product range.
He said the growth in demand for power cables in Oman this year is expected in the region of 5-6 per cent, while the growth in the entire Gulf region could be around 3-4 per cent. Demand for cables in the domestic market is expected to remain positive due to the government's long-term investment in infrastructure projects, especially in the power sector.
In some other select export markets of the company, the demand growth is anticipated in the region of 7 to 8 per cent.
Apart from Gulf Cooperation Council states, the company's export markets include North Africa, Far East and European countries.
OCI in its annual report said the outlook for the cable industry remains promising as the demand for energy generation, transmission and distribution is rising regionally and globally.
OCI is poised to benefit from an upward recovery given its low cost base, market driven growth programmes, loyal customer relationships coupled with a sound financial position.
OCI said its management strategy is to constantly evaluate and enhance its product range and in this regard, the company has an investment programme in place to enter the oil and gas sector, which is a major growth market in the years to come.
OCI also said its subsidiary Oman Aluminium Processing Industries LLC (OAPIL), which has an installed capacity of around 4,800 tonnes per annum, is expected to operate in full capacity in 2011 of aluminum rod and overhead line conductors.
MUSCAT: Oman Cables Industry (OCI), one of the leading electric cable producers in the Gulf region, is likely to commission its expansion project within its manufacturing facility in Rusayl this month.
"The project is about 80 per cent complete. It will be operational in April," said OCI chief executive officer Hans Meiring.
The company is investing RO4 million for the expansion, which is aimed at enhancing capacity by 30 per cent, mainly for producing medium voltage power cables. The company will also introduce some new product range.
He said the growth in demand for power cables in Oman this year is expected in the region of 5-6 per cent, while the growth in the entire Gulf region could be around 3-4 per cent. Demand for cables in the domestic market is expected to remain positive due to the government's long-term investment in infrastructure projects, especially in the power sector.
In some other select export markets of the company, the demand growth is anticipated in the region of 7 to 8 per cent.
Apart from Gulf Cooperation Council states, the company's export markets include North Africa, Far East and European countries.
OCI in its annual report said the outlook for the cable industry remains promising as the demand for energy generation, transmission and distribution is rising regionally and globally.
OCI is poised to benefit from an upward recovery given its low cost base, market driven growth programmes, loyal customer relationships coupled with a sound financial position.
OCI said its management strategy is to constantly evaluate and enhance its product range and in this regard, the company has an investment programme in place to enter the oil and gas sector, which is a major growth market in the years to come.
OCI also said its subsidiary Oman Aluminium Processing Industries LLC (OAPIL), which has an installed capacity of around 4,800 tonnes per annum, is expected to operate in full capacity in 2011 of aluminum rod and overhead line conductors.
© Times of Oman 2011
