Cement News tagged under: Oman Cement Company
Oman Cement net profit rises 37% in 201223 January 2013, Published under Cement NewsOman Cement Company announced a 37 per cent rise in net profit in 2012 following a rise in revenue. Net profit for the 12 months to December 2012 climbed to OMR17.5m (US$45.5m) from OMR12.8m from the year before. Revenue rose to OMR59.3m in 2012 from OMR50.7m the year before. Total expenses stood at OMR39.6m, up from OMR36.2m. Oman’s cement sector, which had previously been experiencing problems due to a dampening of demand in the UAE cement sector, registered positive growth in 2012 t... |
Oman: Duqm quarry sites identified13 November 2012, Published under Cement NewsPlans to build a multi-million rial cement plant in Oman's northern city of Al Duqm is progressing, with the promoters started identifying potential limestone quarry sites. The raw material is abundant around Duqm port and an extensive geological mapping has identified two main areas with nearly timeless quantities of high quality limestone. The Al Safiya area is located 15km west of the port and is primarily intended for the cement industry. In the Al Hydaybah area, 15-to-20km south of th... |
Oman Cement 9M12 net profit surges on local demand25 October 2012, Published under Cement NewsOman Cement Company’s profit after tax increased 32.5 per cent to OMR12.859m (US$33.4m) in the first nine months of the year against net earnings of OMR9.703m during the same period last year. Cement sales rose 20.8 per cent to 1.689Mt from 1.98Mt last year. Turnover increased 15.16 per cent to OMR41.762m against OMR36.265m last year. Clinker production also sharply increased to 1.505Mt this year, from 1.037Mt last year. In addition, the company had to import 54,652t of clinker to bri... |
Oman cement output rises03 May 2012, Published under Cement NewsUntil recently, Omani cement manufacturers were victims of the cheap inflow of cement from UAE, but the Oman Daily Observer has reported that domestic cement producers are ramping up production to meet rising local demand and that in export markets such as Yemen and some East African nations. In 2011, imports met 25% of cement demand in Oman, mainly from UAE where a weak construction sector resulted in excess supply of cement. However, UAE producers recently increased cement prices. Ceme... |
Oman Cement to increase capacity26 April 2012, Published under Cement NewsOman Cement Company (OCC), the Sultanate’s second largest cement producer, is planning to increase its cement grinding capacity. A consultancy agency has been engaged to study the feasibility of further expansion, according to reports in the Times of Oman. The company has also said it posted a 23.9 per cent growth in first quarter profit at OMR5.14m, against OMR4.15m for the same period last year. Sales were up by 13.78 per cent at 558,495t of cement for the first quarter from 490,865t fo... |
Oman Cement to resume Line 128 February 2012, Published under Cement NewsOman Cement Company is to resume operations at Kiln Line No 1 which was suspended last week on orders from the Ministry of Environment and Climate Affairs on pollution concerns. The Oman Daily Observer reports that statement to the Muscat Securities Market the cement producer said it had “reached an agreement” with the ministry. “Based on the discussions with officials of the ministry and their understanding of all actions taken by the company to improve the environmental aspects, it ha... |
Proposed Daqm plant being studied, Oman23 February 2012, Published under Cement NewsOman Cement Company (OCC) is interested in establishing a cement plant in the port town of Daqm, the Times of Oman reports. The company is currently carrying out a feasibility study for a plant which would be a joint venture with fellow Oman cement producer, Raysut Cement. Jamal Shamis Al Hooti, chief executive of Oman Cement Company, said: “If the feasibility report says it is viable to install the plant, supply cement locally and for export market there is nothing like it. We just awar... |