Oman Cable Industries, Takamul Investments and Oman National Petroleum Corporation announced the establishment of a joint venture plant to produce aluminum rods and electrical conductors.
Cable Industry Corporation and Takamul Investment Co., Ltd. hold 51% and 49% of the shares of the project, respectively, which will be put into production in the first quarter of 2009. The liquid metal of the Suhar Aluminum Smelter will be its main raw material.
The first phase of the Suhar aluminum smelter will be put into production in the third quarter of 2008, with a capacity of 350,000 tons/year. Oman Oil Company, Abu Dhabi Hydropower Bureau and Rio Tinto Alcan respectively hold 40%, 40% and 20% of their shares.
Cable Industry Corporation and Takamul Investment Co., Ltd. hold 51% and 49% of the shares of the project, respectively, which will be put into production in the first quarter of 2009. The liquid metal of the Suhar Aluminum Smelter will be its main raw material.
The first phase of the Suhar aluminum smelter will be put into production in the third quarter of 2008, with a capacity of 350,000 tons/year. Oman Oil Company, Abu Dhabi Hydropower Bureau and Rio Tinto Alcan respectively hold 40%, 40% and 20% of their shares.
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