Cement News tagged under: Oman Cement
Oman enforces anti-dumping measures06 May 2020, Published under Cement NewsOman’s Ministry of Commerce and Industry has helped introduce screening measures at the country’s border to reduce cement dumping. The anti-dumping measures began in March but have reportedly been ramped up alongside restrictions on the cross-border movement of goods in response to the COVID-19 pandemic, according to the Oman Daily Observer. "We are delighted by the action initiated by the government to limit dumping of cement," said a source at Raysut Cement. "These measures will enable R... |
Oman Cement set to use waste tyres as fuel10 February 2020, Published under Cement NewsOman Cement has signed an agreement with Oman Environment Holding Co for the use of end-of-life tyres as an alternative fuel. The two parties will work together to develop an implementation mechanism to diversify energy sources at the plant from natural gas. "The agreement will contribute to the national economy and provide business opportunities for small and medium enterprises through the production and transportation of fuel from engineered landfills to the cement factory – where approx... |
Oman Cement annual profit up 10% as production rises22 February 2017, Published under Cement NewsOman Cement has announced that its profits rose by 10 per cent in 2016, to OMR12.87m (US$33.4m). In an earnings statement to the Muscat Securities Market, Oman Cement said that sales revenues rose by 8.5 per cent, but better control of costs produced a greater rise in profitability. The company sold 2.3Mt of cement in 2016, a 10.7 per cent increase on the previous year, which given the slower pace of revenue growth implies lower prices. Profits were also affected by the longer than ... |
Oman Cement 1Q net profit up 3.7%16 April 2015, Published under Cement NewsOman Cement reported a 3.7 per cent rise in first-quarter net profit on Wednesday, beating analyst forecasts. The company made a net profit of OMR3.83m (US$9.95m) in three months to 31 March, up from OMR3.70m in the corresponding period of 2014. Three analysts polled by Reuters on average forecast the firm would make a net profit of OMR3.2m. Oman Cement’s first-quarter revenue rose 10.6 per cent to OMR15.94m. OCC's cement capacity will be increased from 2.6Mta to 3.8Mta, with the addition... |
Oman Cement 2014 profit declines on weaker sales, clinker imports17 February 2015, Published under Cement NewsOman Cement reported a 12.8 per cent decline in net profit on account of weaker sales, lower clinker production and higher volumes of imported clinker, the company said on Monday. Clinker imports were brought in by the company during the year due to one of its kilns being closed temporarily for capacity enhancement. Oman Cement sold 2.078Mt of cement through 2014, down 1.1 per cent compared to 2.1Mt in the same period of last year. In revenue terms, sales were down 2.05 per cent YoY to OM... |
Omani producers face hike in natural gas prices01 December 2014, Published under Cement NewsOman’s two leading cement producers are looking to mitigate the effects of an impending rise in natural gas prices which are expected to lead to an increase in the cost of cement production. The country’s Ministry of Oil and Gas (MOG) is to increase the price of natural gas as of 1 January 2015. The price will thereafter increase every year for both companies at rates specified by the ministry. Last week, an advisory body to Oman’s government suggested spending cuts and tax rises to cope w... |
OCC quarterly profit affected by lower output30 April 2014, Published under Cement NewsOman Cement Co (OCC) reported a 47 per cent decline in net profit to OMR3.70m (US$9.61m) for the first three months of the year as a planned kiln shut down for expansion works affects production and lowers profitability. OCC, Oman's second-largest cement producer, has embarked upon a capacity upgrade project for one of its kilns which, upon completion will increase output by 2700tpd. “Since the project is in the final stage and nearing completion, and as a part of planned project act... |
FLSmidth wins order from Oman Cement17 January 2014, Published under Cement NewsFLSmidth has received an order worth US$38m from Oman Cement Co for the supply of milling equipment for a grinding plant located in Rusayl Industrial Area, 6km from Port Sultan Qaboos, Muscat. The order covers supply of a 150tph closed circuit ball mill system including two cement silos, each with a capacity of 8000t. The scope of supply also includes a high-efficiency central drive for the ball mill and a dynamic separator and fabric filters to reduce dust emission. "Infrastructure gr... |
Oman Cement first-half profit rises 23%31 July 2012, Published under Cement NewsOman Cement has reported a 23.01 per cent in net profit for the first half of 2012. Earnings rose to OMR9.02m (US$23.4m) compared to OMR7.3m in 1H11. Cement sales advanced 20.22 per cent to 1.36Mt in the six months to June compared to 0.94Mt in the corresponding period of last year. Turnover was up 13.11 per cent to OMR28.065m. Clinker production increased to 1.05Mt from 0.68Mt during the first half of last year. The company imported 15,099t of clinker to meet a temporary shortfall dur... |