Oman Cement seeks Brazilian investors for new plant

Oman Cement Co (OCC) visited Brazil to seek partners for a new cement plant in Duqm, an industrial and port free trade zone in Oman. The company’s Chairman, Abdullah Abbas Ahmed, visited the Arab Brazilian Chamber of Commerce on Friday.

According to Mr Ahmed, the output capacity of the company’s current plant can be expanded, but the idea of the project in Duqm is to build a plant that would operate at a lower cost, use alternative energy sources and that can produce items of higher added-value.

"We want to form a consortium in Duqm of companies that have synergies in areas such as technology, financial and others," said Ahmed to ANBA. In Brazil, he hopes to find partners that can add innovations to the initiative such as new production technologies and alternative power sources.