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OMAN CEMENT
Cementing position steadily
 It’s literally a case of two steps forward and one step backward for Oman
Cement. It had jumped by two places last time, but has slipped by one position
in 2006. The 12th ranked company achieved sales of 1.909 million MTS of cement
in 2006 as against 1.820 million MTS of cement during the corresponding period
of 2005. In value terms, the sales for 2006 were RO49.449 million as against
RO43.981 million during 2005.
The improvement in average selling price of cement by 7.19 per cent in
comparison to the corresponding period of 2005, increase in the quantity of oil
well cement and increase in sales volume by 489 per cent are the main reasons
for the increase in sales value. Profit after tax for the year ended December
31, 2006, was RO20.556 million, as against RO18.147 million in 2005, an increase
of 13.27 per cent.
The company’s share in the Oman cement market grew by 4.68 per cent to 1.811
million MTS compared to 1.730 million MTS in 2005. Strong demand in the local
market saw prices remaining stable throughout the year. The company expanded its
share of the oil well cement market in the MENA region as more and more drilling
companies preferred to standardise on the company’s products because of high
quality and consistent performance in cementing operations of oil wells.
The work on expansion of grinding capacity of cement mill by 3,000 MTS per day
is progressing well. Also, offers for upgradation of clinker capacity of Kiln
No. 1 & 2 were received and are under the company’s review.
The company’s sale of 1.909 Million MTS during the year 2006 was 4.83% higher
than the sales for the same period in 2005. The company’s share in Oman Cement
Market grew by 4.68% to 1.811 Million MTS over 1.730 Million MTS achieved in
2005.
The outlook for 2007 seems good with the company poised to take advantage of the
recent expansion in grinding capacity to meet the growing demand.
√ Back
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May -
2007 |
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Cover Story |
Oman’s Leading Listed Companies in 2006
Mukhtar Hasan analyses Oman’s
largest listed companies in 2006, based on revenues and other
financial parameters. |
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Other Headlines |
Bank Sohar:
Surfing on SMEs
A sixth bank has appeared on Oman’s
financial horizon after 12 years. Abhijit Sinha checks out CEO Nani
B. Javeri’s start-up USP of ‘not just selling a product but also a
solution with that product’ |
Enter the chill-out zone
The AC and refrigerating unit market is soaring regionally as well
as globally, with changing customers’ profile and cutting-edge
technologies adding value to the products |
‘Amouage is a roving ambassador for Oman’
One of the most successful Omani brands, Amouage is on the threshold of a major makeover exercise. David Crickmore, CEO, Amouage talks about the new marketing strategy and growth plans in an interview with Akshay Bhatnagar… |
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An Issue Ignored Is A Crisis Invited
In the quest to achieve its strategic
objectives, an entity has to ensure that it has sound issue
management practices in place to meet the expectations of its
stakeholders, externally and internally. OER looks at what issue
management is all about and its growing importance in today’s
increasingly complex corporate world |
X Means Exhilaration
The new BMW X5 smoothly combines
dynamic driving capabilities, luxury and impeccable technology. A
test drive report by Anne Kurian |
Case for enhancing inter-Arab trade
The 22 Arab nations should look at
realising trade opportunities among themselves, writes Dr Jasim
Husain Ali |
When Dividend stocks in an uncertain market
The coming days may not be smooth
sailing for equity investors, writes Matein Khalid |
Oman is a hidden treasure
Realising the growing stature of
Oman’s oil and gas industry, Atlas Copco, the world’s only
manufacturer of ISO certified oil-free air compressors, opted for
Oman as the venue of its first Oil and Gas MaXimiZe course. Sunil
Kumar Singh caught up with the organisers |
China’s Middle East Policy
The likely result of the intense
competition in Central Asia could mean that the Chinese majors may
be looking to place their investments in fields closer to home, away
from the Gulf |
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What to do next?
Managers devote time to
strategy-making because they want some degree of certainty that they
can direct their firm towards success |
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A novel to Communicate!
Oman Mobile recently launched Corporate Private Network for its NAMA post-paid
connection with loads of benefits for customers at down-to-earth prices |
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Opening the doors
Smart Manufacturing conference was an exceptional networking and knowledge
transfer event granting manufacturers a chance to enhance their bottom line. An
OER report on the recent two-day event |
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The Wave, Muscat
An Idyllic Island Lifestyle |
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Regulars |
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