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AL JAZEERA TUBE MILLS
Braves the volatility in steel prices
 The year 2006 once again witnessed healthy demand and supply for steel, but the
company saw some volatility in the last quarter in the prices of Hot Rolled
Coils (HRC). This was caused by the advent of Chinese cheap coils. However,
prices of HRC are back on stream and the outlook is that this trend will
continue for the next few years. Furthermore, Al Jazeera Tube Mills saw prices
of zinc shooting to an all-time high and the outlook is that prices will remain
on the high side for the rest of 2007.
For Al Jazeera Tube Mills, it has been a significant year in terms of operations
as well. During the year, the company manufactured 145,694 MT of steel pipes
(125,106 MT in 2005) and achieved record sales of 144,674 MT. The turnover
increased from RO34.17 million in 2005 to RO39.86 million in 2006. The company
is currently operating with a production capacity of 300,000 MT of pipes per
annum.
The expansion project in the merchant bar mill, that is likely to increase the
product range and to meet the customer demand for angels and channels with a
production capacity of around 300,000 MT per annum, is currently underway. This
is expected to be completed progressively by the middle of 2007. To meet the
increasing fund requirements for operations, the board has appointed a
consultant to look at various options to inject new share capital in the
company. The mandate of the consultant is to determine the amount of capital
required and indicative prices, suggest various options to increase the share
capital, and assist the management in achieving the objective.
The company has been constantly widening its market reach. In the last two
years, the unit has reached the US and Canadian market in a big way through its
innovative marketing approach. Having established itself as a quality
manufacturer, the unit is planning to leverage the performance in these markets
to its advantage, by adding pipes of higher sizes. The company maintains a
premium pricing policy in the local market and a competitive pricing policy in
the exports outside GCC countries.
√ Back
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May -
2007 |
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Cover Story |
Oman’s Leading Listed Companies in 2006
Mukhtar Hasan analyses Oman’s
largest listed companies in 2006, based on revenues and other
financial parameters. |
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Other Headlines |
Bank Sohar:
Surfing on SMEs
A sixth bank has appeared on Oman’s
financial horizon after 12 years. Abhijit Sinha checks out CEO Nani
B. Javeri’s start-up USP of ‘not just selling a product but also a
solution with that product’ |
Enter the chill-out zone
The AC and refrigerating unit market is soaring regionally as well
as globally, with changing customers’ profile and cutting-edge
technologies adding value to the products |
‘Amouage is a roving ambassador for Oman’
One of the most successful Omani brands, Amouage is on the threshold of a major makeover exercise. David Crickmore, CEO, Amouage talks about the new marketing strategy and growth plans in an interview with Akshay Bhatnagar… |
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An Issue Ignored Is A Crisis Invited
In the quest to achieve its strategic
objectives, an entity has to ensure that it has sound issue
management practices in place to meet the expectations of its
stakeholders, externally and internally. OER looks at what issue
management is all about and its growing importance in today’s
increasingly complex corporate world |
X Means Exhilaration
The new BMW X5 smoothly combines
dynamic driving capabilities, luxury and impeccable technology. A
test drive report by Anne Kurian |
Case for enhancing inter-Arab trade
The 22 Arab nations should look at
realising trade opportunities among themselves, writes Dr Jasim
Husain Ali |
When Dividend stocks in an uncertain market
The coming days may not be smooth
sailing for equity investors, writes Matein Khalid |
Oman is a hidden treasure
Realising the growing stature of
Oman’s oil and gas industry, Atlas Copco, the world’s only
manufacturer of ISO certified oil-free air compressors, opted for
Oman as the venue of its first Oil and Gas MaXimiZe course. Sunil
Kumar Singh caught up with the organisers |
China’s Middle East Policy
The likely result of the intense
competition in Central Asia could mean that the Chinese majors may
be looking to place their investments in fields closer to home, away
from the Gulf |
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What to do next?
Managers devote time to
strategy-making because they want some degree of certainty that they
can direct their firm towards success |
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A novel to Communicate!
Oman Mobile recently launched Corporate Private Network for its NAMA post-paid
connection with loads of benefits for customers at down-to-earth prices |
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Opening the doors
Smart Manufacturing conference was an exceptional networking and knowledge
transfer event granting manufacturers a chance to enhance their bottom line. An
OER report on the recent two-day event |
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The Wave, Muscat
An Idyllic Island Lifestyle |
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Regulars |
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