Oman Cement, Raysut allowed to raise prices, import
Oman Cement and Raysut Cement will from be allowed to import cement and raise prices amid a shortage and construction boom, the Chamber of Commerce said on Wednesday.
The two companies – the government controls Oman Cement and has a stake in Salalah-based Raysut – will be able to raise their prices to OMR1.8 (US$4.68) from OMR1.6 per 50kg bag, Khalil al-Khonji, Chairman of the Oman Chamber of Commerce & Industry told Reuters.
The price-rise is "to meet the inflation level," Khonji said. A global shortage of clinker was hampering production, he said.
The two companies are producing a combined 10,000tpd, compared with demand of 13,000t, Khonji said. Published under Cement News
