To establish rubber powder production plant
Sur Industrial City, affiliated to the Public Establishment for Industrial Estates "Madayn", has signed an investment contract with Al Fairuz Projects and Investments, to establish rubber powder production plant with an investment value touching RO 83 million for phase one of the project.
Commenting on the project, Eng. Abdulqadir bin Salim Al Balushi, Director General of Sur Industrial City, stated that this eco-friendly project will be developed on an area of 230,000 sqm and will adopt cutting-edge tyre recycling technologies. “The tyre recycling project is expected to generate 212 job opportunities, of which 75% will be for Omanis,” Al Balushi informed.
On his part, Eng. Ahmed bin Mohamed Washah, Executive Director of the project, pointed out that the rubber powder production plant will be beneficial for the manufacturing industries that use biofuel and carbon, as they will be extracted utilising advanced and environmentally friendly technology rather than harmful tyre burning.
The project establishment phase is expected to commence during the last quarter of the current year, and the two-year planned construction phases will kick off in the first half of next year.
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.