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Increase in the price of Natural Gas

Increase in the price of Natural Gas
Majan Glass
MGCI
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ANNOUNCEMENT

 

We have received a notification from the Public Establishment for Industrial Estates, Sohar Industrial Estate dated 23rd November 2014 about the price increase of natural gas from 20.50 baizas to 41 baizas per standard cubic meter with effect from 01 January 2015 and a 3 % annual increase thereafter.

 

This increase will push up our total manufacturing cost for the year 2015 by approximately RO 500,000/- (Rial Omani Five hundred thousand only) at full capacity utilization.

 

 

Regards

 

 

FOR MAJAN GLASS COMPANY SAOG

 

 

Ramesh Mani

Chief Executive Officer