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English news

16-May-2016

Salalah Mills postpones expansion plan

Salalah Mills Company has decided to postpone its proposed capacity expansion due to the current economic situation. Furthermore, a proposal to float a rights issue of 10% to existing shareholders was also postponed to the first half of next year. In August last year, the company had said its board had decided to add a new flour mill with a capacity of 600 metric tonnes per day (40% capacity addition). The project cost was estimated at OMR7.5mn. (Times of Oman)

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