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FINANCIAL NEWS
Oman’s Sohar Aluminum to increase production
19 Sep 2014
(MENAFN) Oman’s Sohar Aluminum announced its plans to invest USD35 million in increasing its production capacity, during the next five years, Gulf Daily News reported.
The investment is expected to increase annual capacity by about 28.000 tons of primary aluminum, from the company’s current yearly production capacity of 375.000 tons of primary aluminum.
Sohar Aluminum is Oman’s biggest non-hydrocarbon industrial company, with the company being owned by Oman Oil Company and Abu Dhabi National Energy Company, each by 40 percent, while the remaining 20 percent are owned by Rio Tinto Alcan.
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