Tuesday 19 March 2024
 
»
 
»
AMBITIOUS EXPORT PLANS

Oman Aluminium ... ambitious plans.
Image: Bigstockphoto. For illustration only.

Oman Aluminium to double production by 2017

MUSCAT, April 16, 2015

Oman Aluminium Rolling (OARC) plans to double production by 2017 with exports to the US, India and Italy, said the company’s chief commercial officer.

Production at the $385-million OARC plant at the Sohar Industrial Estate will reach 140,000 tonnes of aluminium parts from about 70,000 tonnes in 2014, Graham Bruce was quoted as saying in an interview at the Aluminium Middle East conference in Dubai, UAE in a Muscat Daily report.

According to Bruce, OARC is benefiting from a perception that aluminium products made in the Middle East are 10 per cent cheaper than the rest of the world because of lower electricity and natural gas costs, the report said.

“There’s a lot of interest from Korea and India,” he said, adding that aluminium prices will probably trade between $1,700 to $1,800 a tonne for the rest of the year.

Demand for aluminium from Saudi Arabia may increase over its plans to build 20 football stadiums and rail networks, Bruce noted.




Tags: Oman | Exports | production |

More Construction & Real Estate Stories

calendarCalendar of Events

Ads