Oman Cement picks FLSmidth Private to build new mill

March 3, 2014 12:04 am

Oman Cement Co has said it is to obtain a loan from a leading bank in the country to finance the expenditure of setting up a new cement mill at an estimated cost of $39m (OR15.1m), Muscat Daily has reported. The contract for the construction of the mill has been finalised with FLSmidth Private Limited, India, the company said. Oman Cement posted net profit of OR16.02m for the year 2013, which is lower by 8.51% compared with net profit of OR17.51m in the previous year.