Oman Cement Company is set to invest US$39 million in its Rusayl cement plant. The company is considering the construction of a new plant, as well as upgrading and installing new equipment in the existing plant in the hope of boosting production and output. There are also plans for new cement silos and facilities for bulk despatches of cement. A new mill will add 150 tph to the existing cement grinding capacity and kiln-1 will undergo an upgrade, resulting in an increased capacity, at the beginning of 2014.
Figures for the first nine months of 2013
- The company announced a 3.14% rise in profit for the first nine months.
- Net earnings increased from RO12.859 million in 2012 to RO13.263 million in 2013.
- Sales saw a decrease of 7.96% y/y from 1.69 million t in 2012 to 1.55 million t in 2013.
- Revenues declined by 6.59% to RO39.008 million, compared to RO41.761 million in 2012.
- Total clinker production decreased by 2.69% y/y from 1.505 million t in 2012 to 1.465 million t in 2013.
- Cement production declined by 8.78% y/y to 1.530 million t in 2013, compared to 1.677 million t in 2012.
The decline in production was reported to be due to a breakdown of one of the company’s cement mills. The cement plant investment is set to boost production figures for the coming years.
Edited from various sources by Rosalie Starling
Read the article online at: https://www.worldcement.com/africa-middle-east/01112013/oman_cement_company_to_invest_in_cement_plant_expansion_371/