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FINANCIAL NEWS
Oman Cement, Chinese CNBM sign USD37.57 upgrades deal
21 Mar 2011
(MENAFN) Oman Cement Company (OCC)’s chairman, Abdullah Abbas Ahmed, stated that the company signed a USD37.57 deal with Chinese CNBM International Engineering, by which the latter would make upgrades to the clinker unit of the Omani company’s as well as enhance its pollution control, reported Times of Oman
Ahmed pointed out that USD28.99 million would be spent on increasing the capacity of the clinker unit, while USD8.58 million would be spent on upgrading the company’s pollution control by limiting its emissions.
The chairman added that the upgrades to the Sultanate’s second largest cement producer would increase its production capacity up to a daily 2,700 tons from its current 2,500. He said that the upgrades would be completed by February, 2012.
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