real estate

OCC to invest $300mn to boost cement production

September 15, 2021

Muscat – Oman Cement Company (OCC) on Tuesday announced that it will invest US$300mn to boost cement output by installing a new production line which will help the sultanate achieve self-sufficiency in cement.

The company will set up a new cement production line with a capacity of 10,000 metric tonnes per day. Oman Cement will also increase the capacity of its third production line from 4,000 tonnes per day to 5,000 tonnes per day.

As a result of this expansion, Oman Cement’s total daily production capacity will increase to 15,000 tonnes per day, which is considered the largest cement production of its kind in the sultanate, the company said in a statement on Tuesday.

Oman Cement said that the expansion project will raise the company’s production cost-effectiveness, increase its competitive advantage and promote its success in the local and international markets.

This step, Oman Cement said, comes as part of the company’s efforts to promote self-sufficiency of cement in the sultanate and reduce cement imports. Oman imports about 50 per cent of its cement requirements.

Salem bin Abdullah al Hajri, CEO of Oman Cement Company, said that the estimated cost of the new production line is amounted to be around US$300mn.

“The introduction of this new production line comes as part of the efforts exerted by the company to support the Omani government’s plans to diversify the sources of income in line with

Vision 2040. This new production line will achieve self-sufficiency of cement in the sultanate by 2024,” he said.

Hajri emphasised that the new production line reflects Oman Cement’s contribution in fulfilling the Omani government’s aspirations to achieve self-sufficiency of cement production and upgrade the cement industry to keep up with the current developments in this field worldwide.

He said that the new production line would offer high quality cement at competitive prices, which would be lower than the prices of imported cement.

Hajari further stated that the new production line would operate according to the highest standards and would employ the most sophisticated technology used in cement production worldwide such as the self-control technology that is being utilised in the management of operations and manufacturing.

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