Oman: Oman Cement Company recorded cement sales worth US$173m in 2022. This corresponds to year-on-year growth of 42% from US$122m in 2021. Its cement sales volumes were 3.46Mt, up by 45% from 2.39Mt.
Chair Rashid bin Sultan al Hashmi said "The company has produced and sold record quantities of cement during the period to help the nation and the consumers in overcoming a scarcity created by various challenges faced by consumers due to short supply of cement from other manufacturers and prevailing global macroeconomic trends."
CEO Salim Abdullah al Hajri added a note of caution, saying "Though the demand for cement in Oman continues to remain reasonably stable and is expected to remain at 2022 levels, unreasonably low priced cement being supplied by competitors remains a major challenge, and the company will continue to monitor the market situation."
The Oman Daily Observer newspaper has reported that Oman Cement Company is in the process of selecting a contractor for an expansion to its Misfah cement plant. The project will increase the plant's capacity by 25% to 5000t/day from 4000t/day across its three production lines. The producer subsequently plans to build an additional line at the plant, which will triple its capacity to 15,000t/day. Meanwhile, plans for a new 5000t/day cement plant at Duqm are currently under review. The company is in discussions with the Public Authority for Special Economic Zones and Free Zones (OPAZ) to 'explore alternatives,' including possible relocation of the site of the plant, due to 'issues in the supply of gas.'
