Cement News tagged under: Oman Cement Company

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Oman Cement sales advance in 1Q23

25 April 2023, Published under Cement News

Oman Cement Co has reported sales of OMR19.5m (US$50.65m) in the opening quarter of 2023, ending 31 March 2023. This compares to OMR16.96m in the same period a year earlier. Net income in the first quarter came in at OMR2.04m, up from OMR0.9m in the first three months of 2022, reports Market Screener. 

Differing priorities for Oman's leading cement players

17 September 2021, Published under Cement News

This week, Oman Cement Co announced that it is planning a 5600tpd brownfield expansion of its plant in Rusayl, Oman, as it builds a new kiln line, upgrades an existing line and shuts down some capacity. The capacity programme will improve its domestic production, which is currently behind market leader Raysut Cement. The latter catapulted its cement capacity ahead with the acquisition of Sohar Cement in 2019. The lure of foreign markets has also seen Raysut Cement expand its capcity, but bot...

Oman Cement Co reports 16% decline in revenue

16 April 2021, Published under Cement News

Oman Cement Co has reported a 15.8 per cent decline in total revenue to OMR11.76m (US$30.6m) in the first quarter of 2021, compared to OMR13.9m in the 1Q20. Net profit also fell 33 per cent YoY to OMR756,290 from OMR1.13m in the year-ago period.

Oman Cement receives bids for new project

16 March 2021, Published under Cement News

Oman Cement Co has reportedly received commercial bids from EPC contractors for its integrated cement plant in Duqm, according to Muscat Daily. The 5000tpd project is expected to represent an investment of US$250m. "Offers from the EPC bidders have been received and after initial valuation the deviations in the commercial offers are yet to be updated and submitted by the EPC bidders," said the company. The company is also planning to set up a power plant to achieve a higher energy effici...

Oman Cement orders ABB's optimisation technology

02 February 2021, Published under Cement News

Oman Cement Co (OCC) will build on long-term ABB relationship with the installation of ABB’s state-of-the-art ABB Ability™ System 800xA to optimise performance on all three process lines at the Muscat-based cement factory, which has a 3.5Mta cement production.  ABB has built on a 40-year relationship with leading cement producer OCC in delivering the latest digital control systems to boost operational efficiency, increase availability, lower costs and drive sustainability. ABB has also re...

Al Sahawa Cement is set to invite tenders for 5000tpd plant

29 May 2020, Published under Cement News

Al Sahawa Cement Co (ASCC), a subsidiary of Oman Cement Co, is reportedly planning to invite bids for two key tenders linked to the construction of its new US$212m integrated cement plant in Duqm by mid-July, according to TradeArabia. The tender for the 5000tpd clinker production unit is expected to be awarded on an EPC basis, while work on the clinker facility is expected to be pursued in parallel with the construction of a cement grinding unit. Commissioning is planned for March 2022. ...

Oman Cement Co announces new 5000tpd plant

02 January 2020, Published under Cement News

Oman Cement Co has issued an EPC tender for a new integrated cement plant in Duqm with a clinker capacity of 5000tpd. The plant will be operated as Alsahawa Cement Co (ASCC). The project is expected to be implemented in a backward integration mode, where cement will be produced by ASCC after receiving clinker from its parent company. Through this process, cement is anticipated to be available by September 2021. Construction of the clinker line will begin in parallel with the grinding facil...

Oman Cement Co reports 52% fall in profit

17 July 2019, Published under Cement News

Oman Cement Co has reported a 52 per cent YoY fall in profit after tax for its 1H19 unaudited results, decreasing to OMR2.3m (US$6m) from OMR4.8m of the year-ago period. The first six months of 2019 saw total revenue at the company remain flat at OMR26.3m.

Oman Cement's Board gives go ahead for Duqum plant

07 December 2018, Published under Cement News

Oman Cement company has informed Muscat Securities Market on 6 December that its Board of Directors has agreed to go ahead with setting up of a new integrated cement plant in Duqum area,  in central-eastern Oman. According to company notification, the plant will have a clinker capacity of 5000tpd and envisages an investment of about US$212m. The project implementation process is being finalised by company and shareholders will be kept informed of the progress of the project in due course....

Duqm to receive new cement plant in 2020

09 October 2017, Published under Cement News

The SEZ Authority in Duqm (Sezad) and Al Wusta Cement Company, a partnership of Oman Cement Company and Raysut Cement Company, have signed a land use deal to build Oman’s third cement plant at the Duqm Special Economic Zone (SEZ), reports Trade Arabia. Under the terms of the agreement, the Al Wusta Cement Company will acquire a 500,000m 2 plot within the heavy industrial zone on lease for 50 years, renewable for a further period, reported Oman Observer. Al Wusta Cement said that the co...