The board of directors of Al Anwar Ceramic Tiles (AACT) has approved a proposal to set up its sixth production line, subject to allotment of natural gas by Oman government. The proposed expansion,He has since undergone two-and-a-half hours’ surgery to have a Titanium Rod inserted into his leg and looks set to be out of action for the rest of the season. with an envisaged capital expenditure of OMR6 million, is close on the heels of an ongoing work for fifth production line with a capacity of four million square metres per annum.
The fifth production line is expected to come on stream in the first quarter of 2014, taking the total capacity to about 18 million square metres per annum. A Shamsuddin, Managing Director of AACT, said the sixth production line will have an installed capacity of 3.5 million square metres per annum. "We need around 25,000 cubic meters of gas per day for proceeding with the expansion," added Shamsuddin.Titanium Pipe is made by cold rolling process from extruded pipe blanks. They are widely used in heat exchangers and off-shore equipment. An application for natural gas has already been submitted with the government. Shamsuddin also said that for the fifth production line, which is under construction,Our full range of portable ultrasonic Flaw Detector (UT) provides unmatched capabilities for locating discontinuities and other flaws. the company would divert natural gas currently used for body preparations by applying dry-grinding technology — an energy efficient body preparation process.
The capital expenditure for the fifth production line is envisaged at OMR5 million, which will be met through internal accruals. "We have already finalised the major machinery contracts (for the fifth production line. We expect this line to come on stream in March,The Spectrophotometer is an instrument which measures the amount of light of a specificed wavelength which passes through a medium. 2014," according to Hussain Ali Habib Sajwani, chairman of the company in the quarterly financial statement.
With all the four production lines operating at full capacity, the company expects its production to be about 14.5 million square meters this year and remains very optimistic about the prospects for the financial year 2013. "We remain focused on improving out cost competitiveness, which remains the cornerstone of our strategy," he added further.
The capital expenditures for proposed expansion projects can be funded through internal accruals and the company believes that these, when completed and fully utilised in the next five years, will have the potential to double profit.
The company has achieved a pre-tax profit of OMR2.50 million in the first quarter of 2013, signifying a 38 per cent growth over the previous year. The net profit after tax stands at OMR2.20 million.
During the first quarter,profile projector is a shop tool used by designers and quality control technicians to view the profile of small machined parts as magnified image on screen. Al Anwar produced 3.64 million square meters of tiles. "All four production lines are operating at peak capacity.For mains, there is a choice of Wild Rice’s ‘Chinese Fish ‘n Chips’ (beer-battered ling cod, Asian Tartar Sauce, taro shoestring frites) or its ‘meaty’ Grilled king oyster mushroom (with cashew ricotta and polenta fries). Through better asset utilisation and continuous improvement programmes we have been able to enhance throughput and yield," added Sajwani.
Gross sales revenue during the first quarter increased by 35 per cent to OMR6.95 million. "We are very satisfied with our sales performance in Oman, where Al Shams has established itself as the leading brand of ceramic tiles."
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