Oman’s largest cement company, Raysut Cement Company (RCC), has come out with a strong performance in the first three quarters of 2008, achieving a net profit that was an increase of 32.7 per cent over the same period in the previous year. Meanwhile, Oman Cement Company (OCC) has expanded production capacity from time to time and is set for another major capacity upgrade.
RCC, whose production facilities are in the south of Oman, reported a net profit of RO26.13m ($67.9m) and sales of RO65.6m for the January-September period.The sales figure was up 51.3 per cent over that of the same period in 2007. For the whole of 2007, the net profit had been RO30.12m against RO20.65m in 2006.
RCC has a production capacity of 3Mta of products including ordinary Portland cement, high sulphate resistant cement and oil well Class G cement.
As well as its facilities in southern Oman, RCC operates two cement-receiving terminals in Yemen’s east and south.
Meanwhile, Oman Cement Company (OCC) has expanded production capacity from time to time and is set for another major capacity upgrade.
It will produce an additional 1.3 million tonnes annually of clinker by the end of 2009 following a contract signed recently with CNBMEC, the abbreviation for China National Building Materials Equipment Corporation.The expanded capacity will target export markets for both grey Portland cement and the specialised oilwell cement.At the time the latest contract was signed, OCC had a clinker capacity of 1.2Mta and an annual cement grinding capacity of 2.6Mt.
Aiding the production process is a captive gas-fired power plant of 30 MW supplied by Bharat Heavy Electricals of India. An overwhelming portion of clinker and cement produced by OCC is delivered for Oman projects.
The company reported that for the first half of 2008 it produced 577,000t of clinker and exported nothing. Production for the whole of 2007 was 1.15Mt. In first-half 2008 cement production totalled 961,563t with as much as 921,682t being utilised for Oman projects and the remainder exported.