Raysut Cement to look at 1Mta plant in Georgia

Raysut Cement to look at 1Mta plant in Georgia
22 March 2018

Oman’s Raysut Cement Co is planning to carry out an initial study for a 1Mta plant in Georgia, according to Muscat Daily. The company’s subsidiary, Pioneer Cement Industries Georgia Ltd, already owns a mine with over 30Mt of limestone reserves, located 60km from Tbilisi.

According to a disclosure filed to the Muscat Securities Market, Raysut Cement has begun discussions with possible partners for both equity participation and engineering, procurement and construction contracting. A decision on the project is expected to be made by June this year.

"This new investment fits well into Raysut Cement’s five-year strategy of growing into a 20Mt cement company by 2022", said the company.

This announcement follows the inauguration of its fully-automatic packing plant on Tuesday, which is expected to double packing and dispatch capacity.

Published under Cement News