Cement News tagged under: Hormuz Al Anwar Cement SAOC

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Al Anwar signs greenfield investment plan

03 May 2017, Published under Cement News

Omani private equity firm Al Anwar Holdings has entered into a shareholders' agreement with Hormozgan Cement Co of Iran to establish Hormuz Al Anwar Cement SAOC for the construction of a greenfield grinding plant in the port town of Duqm, Oman. The new facility will has a slated capacity of 0.6-1Mta and is expected to involve an investment of OMR10.5m (US$27.3m), according to a disclosure statement posted on the Muscat Securities Market website and reported by the Times of Oman.  “This...