State-controlled Oman Cement Co said on Sunday its $162 million expansion will raise output capacity by 1.2 million tonnes a year late in 2008.
"The expansion will cost $162 million to supply an extra 1.2 million tonnes per year by the end of this year to help increase supply in the market," Chief Executive Jamal Al Hooti told Reuters.
A cabinet minister said earlier this month that Oman Cement will raise production by 1 million tonnes per year in 2009 after expanding its plant, whose capacity stood then at 1.87 million tonnes per year. (Reuters)
Oman Cement to raise capacity by 1.2 m tonnes