Oman Cement reports net profit of OMR4.447mn in 2021

Muscat: Oman Cement Firm achieved a web revenue after tax of OMR4.447 million, through the 12 months 2021, as the corporate, throughout that interval, managed to supply two million and 393,000 tonnes of cement.

It managed to realize actual progress in its business actions regardless of the financial situations imposed by the outbreak of COVID-19 pandemic, which solid its dangerous results on the worldwide financial system.

Eng. Salem bin Abdullah Al-Hajri, the CEO, stated that Oman Cement Firm is doing its doable efforts to take care of the expansion continuity, which is being fulfilled in mild of the belief and assist it has by the federal government and the varied traders in addition to beneath the sensible management of His Majesty Sultan Haitham bin Tariq Al Mentioned.

Al Hajri additionally stated that these outcomes have been achieved because of following a number of insurance policies to extend the demand for merchandise to develop the absorptive capability, regardless of the sturdy competitors that witnessed by the market, not solely from native cement firms, but additionally from the imported cement, however the Omani cement product maintains confidence by the shoppers as a result of top quality of that cement and, it’s conforming to the relevant specs, and it’s observing to the constructing necessities within the Sultanate.

Al-Hajri indicated that Oman Cement Firm applies the Omani, Gulf, European, British and American specs, along with making use of oil nicely cement specs for the oil and gasoline sector relating to oil nicely cement manufacturing.

As a part of its efforts, it focuses on making certain the standard of the uncooked supplies used throughout manufacturing to realize excessive effectivity in utilizing of vitality and sources that are a part of the cement trade, as additionally to realize the best stage of high quality and effectivity for the ultimate product. The corporate can also be transferring ahead with its efforts to reinforce cement self-sufficiency within the Sultanate, and cut back imports, which will likely be mirrored in supporting the nationwide financial system.

The CEO additionally confirmed that the corporate continued to implement the accepted dynamic pricing coverage strategy to handle to satisfy market necessities, which will likely be fulfilled by offering merchandise that meet the best high quality requirements to take care of its market share. The corporate has additionally made nice efforts to supply quite a lot of cement with progressive properties.

Oman Cement Firm has additionally fulfilled exceptional progress in its efforts to extend progress inside the industrial sector, because it was just lately introduced that the corporate had adopted a challenge to take advantage of the undesirable supplies coming from different industries and to introduce them as substitute supplies within the cement trade.

The corporate additionally intends to enhance its manufacturing capability and set up a brand new manufacturing line within the manufacturing facility which is present in Muscat, with a manufacturing capability of as much as 10,000 tonnes of clinker, along with modernisation of Manufacturing Line No. 3 to realize a manufacturing capability of as much as 5,000 tonnes of clinker.

Concerning the totally different challenges that the corporate confronted through the previous 12 months, Eng. Salem Bin Abdullah Al-Hajri clarified that the corporate confronted nice challenges as a result of Covid-19 pandemic, as consistent with the choices of the Supreme Committee, the corporate shaped a committee to debate developments and impacts of Covid-19 and its results on the corporate’s efficiency, the place the workforce has diminished the quantity of the present staff within the manufacturing facility and urging them to stick to the rules relating to bodily distancing and private hygiene, in addition to the advice of most staff who usually are not required to be current within the web site to work remotely and work to sterilise the corporate’s totally different services.