19 SEPTEMBER 2014AlCircle.com
Sohar Aluminium to invest $35 million for expansion
Edited by : AL CIRCLE
1 min read
Sohar Aluminium based in Oman plans to expand over the next five years and is ready to invest $35 million for the same as reported by Mohammed Al Masoudi, their chief executive to Reuters in Thursday.
The company is looking to upgrade from their current capacity of producing 375,000 of primary aluminium in hot metal form, per year. The increased capacity of 28,000 tonnes is expected to be added as per the expansion plans, he said.
Their two main consumers are Oman Aluminium Processing Industries and Oman Aluminium Rolling Co. where the former consumes 50,000 tonnes while the latter consumes 140,000-160,000 per year. According to Masaudi, there is a third major producer that is being arranged. A portion of the produce is exported as well.
Sohar Aluminium was established in 2004 and is Oman’s biggest industrial non-hydrocarbon venture. This $2.4 billion project is partly owned by Oman Oil Co., partly by Abu Dhabi National Energy Co in a 40-40 ownership deal, while rest of the share goes to Rio Tinto Alcan.
The company is looking to upgrade from their current capacity of producing 375,000 of primary aluminium in hot metal form, per year. The increased capacity of 28,000 tonnes is expected to be added as per the expansion plans, he said.
Their two main consumers are Oman Aluminium Processing Industries and Oman Aluminium Rolling Co. where the former consumes 50,000 tonnes while the latter consumes 140,000-160,000 per year. According to Masaudi, there is a third major producer that is being arranged. A portion of the produce is exported as well.
Sohar Aluminium was established in 2004 and is Oman’s biggest industrial non-hydrocarbon venture. This $2.4 billion project is partly owned by Oman Oil Co., partly by Abu Dhabi National Energy Co in a 40-40 ownership deal, while rest of the share goes to Rio Tinto Alcan.
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