Cement News tagged under: Yemen
Raysut Cement board approves US$24m investment plan06 June 2013, Published under Cement NewsThe board of directors of Raysut Cement, Oman, has approved investments in four projects totalling US$24m in markets where the company is already present as well as new venture in Somalia. The projects include a cement terminal in Duqm port, Oman, which will also see the construction of two silos with a capacity of 4000t. The Duqm project is set to start operations in the second half of 2014. The company is also constructing a similar terminal at Somalia's Berbera Port which is a joint... |
Oman forecast to see increased exports09 April 2012, Published under Cement NewsOman is expected to witness increasing exports this year thanks to demand from markets like Yemen and East Africa, a new research report has forecast. Raysut Cement is expected to be a major beneficiary as exports accounted for 32 per cent of sales in 2011, states the report by EFG Hermes. Domestic cement consumption, meanwhile, is expected to rise by seven per cent during the current year to 6Mta with local production being able to meet demand. Domestic production this year is estimated ... |
Saudi Arabian cement heads to Yemen03 April 2012, Published under Cement NewsLarge quantities of cement from Saudi Arabia are being smuggled into Yemen at competitive prices due to the decline of local supply and increased demand in Yemen, according to local press reports. Head of the financial sector of the Public Cement Corp, Abul-Malik Al Qirishi told the Yemen Times that trucks that transfer salt to the Saudi town of Jazan, return to the Hodeida in Yemen carrying Saudi Arabian cement. Mr Al Qirishi states that the increasing flows to Yemeni markets is due t... |