Cement News tagged under: Oman Cement Co

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Oman Cement sees net profit decline 45% in 2019

16 January 2020, Published under Cement News

Oman Cement has recorded a 45.3 per cent fall in its net profit to OMR4m (US$10.4m) for 2019, compared to OMR7.3m in the previous year. Total revenue also declined four per cent YoY to OMR50.12m from OMR52.19m.

Oman Cement appoints new CFO

25 November 2019, Published under Cement News

Oman Cement Co has appointed Fatick Hussain Al Balushi as the company’s CFO. Mr Al Balushi has more than 15 years of experience in the oil, gas and petrochemical industries and was associated with Oman Oil Co before his appointment at Oman Cement Co. He also worked as finance manager for Oman Oil Co’s Salalah Methanol Co. He is an alumnus of Sultan Qaboos University and University of Leicester.

Oman Cement Co appoints consultancy for Duqm plant

16 September 2019, Published under Cement News

Oman Cement Co has appointed “a leading consultant company” to work on its upcoming Duqm cement plant as a project consultant, reports New Vision. While it did not name the consultancy, it confirmed that its Duqm integrated plant would have a capacity of 5000tpd. The project, which was approved by the company’s board of directors in December 2018, represents an investment of around US$212m.

Oman Cement Co to use waste tyres as AF

11 October 2018, Published under Cement News

An agreement between Oman Cement Co (OCC) and Oman Environmental Services Holding Co Be’ah will see the cement producer include waste tyres in its fuel mix. The Memorandum of Understand (MoU), signed by Be’Ah CEO, Eng Tariq Ali Am Amri, and OCC CEO, Eng Salim Abdulllah Al Hajri, formalises the scope of cooperation between the two companies. It is estimated that around 45,000tpa of waste tyres are generated in the sultanate. Due to urbanisation and an increasing population, this figure is e...

Oman Cement unveils new brand identity

25 September 2018, Published under Cement News

Oman Cement Co unveiled a new brand identity and logo to convey its strong brand value proposition that is synonymous with quality, strength and reliability. The new brand identity was launched at a function held under the auspices of H E Qais Mohammad al Yusuf, chairman of Oman Chamber of Commerce and Industry. The event was attended by Dr Abdullah bin Abbas bin Ahmed, chairman of OCC, Eng Salem bin Abdulah al Hajri, chief executive officer of OCC, other top-level officials of the company...

Al Wusta’s Duqm cement plant requires project finance

15 August 2018, Published under Cement News

Oman’s Al Wusta Cement is currently looking for project finance from international for its Duqm cement plant project. Total project investment is estimated to be US$85m. Al Wusta, a joint venture between Oman Cement Co and Raysut Cement Co, is analysing project feasibility studies with the EPC process expected to start in the 4Q18. Procurement talks will begin soon after with equipment likely to be purchased from foreign equipment suppliers, according to Anil, project engineer at Raysut Ce...

Oman Cement seeks Brazilian investors for new plant

27 November 2017, Published under Cement News

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-...

Oman: OCC profit rises despite drop in sales

22 July 2014, Published under Cement News

Oman Cement Co (OCC) posted a 4.3 per cent rise in net profit before tax for the first six months of this year, despite a drop in sales. The sultanate’s second-largest cement producer by capacity reported a pretax profit of OMR9.9m (US$25.7m) during the period compared to OMR9.5m in 1H13. Sales in the first half of 2014 stood at OMR3.7m, down 5.9 per cent on the OMR27.3m seen in the comparative period of last year.

Oman Cement completes mill repairs

16 July 2013, Published under Cement News

Oman Cement Co has said that the necessary repairs to its mill that was shut last month due to a technical fault have been carried out “successfully in-house and by availing local facilities.” The 150tph mill, which halted operations on 11 June due to a technical problem, was restarted on 8 July and it had been on-trial production for 48 hours, the company said in a filing to the Muscat Securities Market. "Preventive maintenance checks will continue to be followed to ensure continuous oper...