GulfBase Live Support
08/04/2015 07:17 AST
To meet the two-digit market growth from the carbonated soft drinks consumers, Oman Refreshment Company (ORC), a franchisee of PepsiCo International, has recently acquired a new production line from Sidel, the leading global provider of polyethylene terephthalate (PET) solutions for liquid packaging, which will enable the Omani bottler to increase their production capacity sufficiently.
Since February 2015, ORC has been operating a Sidel Combi12 line which produces carbonated soft drinks in a 2.25 litre format at a speed of 18,000 bottles per hour. The new line will help the Omani company achieve efficiency and lightweighting, as well as reduce consumption of raw materials and costs.
"Our collaboration with Sidel started around 16 years ago. Since then, we have built a strong relationship based on mutual trust, reliability and efficiency," said Youssef Ezzikhe, General Manager of Oman Refreshment Company. "With the growing local demand on our products and carbonated soft drinks in general, we approached Sidel again to obtain a production line which will enable us to increase production, and eventually achieve a stronger competitive edge."
Oman Refreshment Company operates in different categories of the food and beverage market in Oman. Carbonated soft drinks category is their main forte, which includes Pepsi, Mountain Dew, 7UP, and other world famous PepsiCo products. In that category, they have an 89 per cent market share.
"One of the driving factors in our decision to choose Sidel again was the efficiency with which their machines operate and prompt response on after sales service. By using their machines, we will be able to increase production, cut cost and potentially reduce raw material consumption," said Rosel Ocampo, Head of Operations at Oman Refreshment Company.
According to industry estimates, Carbonated Soft Drinks was the most consumed beverage item in Oman with 362.4 million litres recorded at the end of 2014, and a Compound Annual Growth Rate (CAGR) of 8.3 per cent over the next five years.
"In order for us to extend our services and solutions to a wider audience, we've established a solid presence in the region, and we are delighted to see the continuous success and growth that our customers are achieving. By providing innovative solutions, we are enabling them to keep up with the growth in the beverage industry not only in their local markets, but also at the regional and global levels," said Clive Smith, Vice-President, Greater Middle East and Africa Zone at Sidel.
Times of Oman
23/03/2015
Oman Refreshment Company SAOG ("ORC") is pleased to announce the distribution of cash dividend at the rate of 100% (equivalent to 100 Baizas each per share) of the paid up capital for the year 2014 a
Muscat Securities Market
17/03/2014
NOTICE TO SHAREHOLDERS FOR COLLECTION OF CASH DIVIDEND Oman Refreshment Company SAOG ("ORC") is pleased to announce the distribution of cash dividend at the rate of 100% (equivalent to 100 Baizas eac
Muscat Exchange
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| ALPHADHABI | 9.39 | 0.03 (0.32 |
| IQCD | 12.06 | -0.03 (-0.25 |
| MODON | 3.40 | 0.03 (0.89 |
| ADNOCLS | 5.75 | 0.05 (0.87 |
| ADPORTS | 4.49 | -0.01 (-0.23 |
01/01/2026
As part of its steadfast commitment to delivering a best-in-class digital banking experience, National Bank of Kuwait (NBK) announced the launch of a suite of qualitative updates and enhancements to
Kuwait Times
01/01/2026
Bank Muscat announced that it successfully managed series 10 of the Sovereign Sukuk Issuance launched by Oman Sovereign Sukuk Company, with a total value of OMR200 million. The sukuk carries a 7-yea
ONA
01/01/2026
Oman's Bank Nizwa has announced that it had successfully closed the 10th series of local currency sovereign sukuk worth RO200 million ($519 million) acting as the joint issue manager and collecting b
Trade Arabia
01/01/2026
ACWA Power Co has announced its entry into China after securing more than 1 gigawatt (GW) of renewable energy projects, according to a stock exchange disclosure.
The company said it received
Trade Arabia
01/01/2026
Saipem, a global leader in the engineering and construction of major projects, has announced that it has been awarded two offshore contracts worth $600 million in Saudi Arabia, known as Contract Rele
Trade Arabia