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Oman Cement Co secures USD68m loan for upgrades

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Oman: BankMuscat has signed an agreement with Oman Cement Company (OCC) for term loans totalling USD68m to refinance and modernise OCC plants.

The loan will be invested in funding the project for upgrading the OCC furnace efficiency and improving equipment of combating pollution, in addition to benefiting from the loan in the recovery of another funding loan.

Jamal bin Shamis al-Hooti, CEO of OCC said that the agreement would help the OCC factory to meet requirements of the Omani market.

Last modified on 02 December 2011

URL: https://globalcement.com/news/item/580-oman-cement-co-secures-usd68m-loan-for-upgrades

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