Complex Made Simple

Aluminium Rolling Mill secures $193m financing

Oman-based Aluminium Rolling Mill Co has secured a loan of $193m to finance the country's first aluminium rolling mill, Times of Oman has reported. The project envisages setting up of manufacturing facilities for the manufacture of 160,000MT of aluminium per annum and will be the largest downstream buyer of Sohar Aluminium. The cost of the project is estimated at $396m.