Skip to main content

Oman Cement working through challenging market

Published by , Editor
World Cement,


Cement production at Oman Cement Co. (SOAG) rose just over 8% in the first nine months of the year to 1.86 million t, following the installation of a new cement mill at the company’s plant. The rise in cement production was supported a jump in clinker production by almost a fifth.

The company produced 1.82 million t of clinker between January and September 2017, up from 1.52 million t over the same period last year. The jump in production was “possible due to the sustained effort of our employees and adoption of better maintenance practices.”

Sales volumes were also up 9.59% on the previous year. Despite this, pre-tax profits were down slightly at OMR10.6 million, as a fall in cement pricing helped to offset the rise in sales volumes.

“The price of cement has been under considerable pressure during the period due to intense competition,” the company said. According to SOAG, cement producers from neighbouring countries have been “dumping” cement into the Omani market at “unrealistically low prices.”

The company was also hit by changes to the tax code, which saw its post-tax profits fall by OMR2.0 million (20.89%).

Read the article online at: https://www.worldcement.com/africa-middle-east/01112017/oman-cement-working-through-challenging-market/

You might also like

 EnviroTech

Ready to revolutionise the cement industry?

Join World Cement in Lisbon, 10 – 13 March 2024, for our first in-person conference and exhibition: EnviroTech.

This exclusive knowledge and networking event will bring together cement producers, industry leaders, technical experts, analysts, and other stakeholders to discuss the latest technologies, processes, and policies being deployed at the forefront of the cement industry’s efforts to reduce its environmental footprint.

Get your advance tickets NOW »

 

Breaking the cycle of silo buildup

Brad Pronschinske, Martin Engineering, explains how the effective use of air cannons can remedy silo buildup and clogging issues, avoiding lost production and increasing safety.

 
 

Embed article link: (copy the HTML code below):