Capral on track to resume dividends for FY16

Capral (ASX: CAA) is an Australian based manufacturer and distributor of aluminium products for use in residential, commercial and industrial markets. They produce a range of products including window frames and street signs, where their domestic supply chain is a key advantage compared with the long lead times of importers. In October 2013 they acquired the OneSteel Aluminium business which has been successfully integrated, providing a number of synergies and increasing exposure to the buoyant residential construction sector. Capral’s competitive position has benefited from the weaker AUD as well as a government inquiry that resulted in favourable anti-dumping rulings. These factors have resulted in market share gains at the expense of some overseas competitors.