Cement News tagged under: Oman

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Oman Cement Co reports 16% decline in revenue

16 April 2021, Published under Cement News

Oman Cement Co has reported a 15.8 per cent decline in total revenue to OMR11.76m (US$30.6m) in the first quarter of 2021, compared to OMR13.9m in the 1Q20. Net profit also fell 33 per cent YoY to OMR756,290 from OMR1.13m in the year-ago period.

Raysut Cement announces 5% rise in revenue

14 April 2021, Published under Cement News

Oman’s Raysut Cement Co has reported a five per cent increase in total revenue to OMR26.9m (US$69.95m) in the first quarter of 2021, compared to OMR25.6m in the year-ago period. The company also returned to a profit after tax of OMR102,814 against a loss of OMR4m in the 1Q20.

Raysut Cement granted CE and NF markings

30 March 2021, Published under Cement News

Oman-based Raysut Cement Co has been granted the CE and NF markings by AFNOR Certification of France, for some products manufactured in the Salalah plant, after passing successfully the CE002:2020 or NF002:2019, NFP 15-317:2006 and NFP 15-318:2006 certifications for some cement qualities that will be exported in the Indian Ocean islands. Raysut Cement has been advised by a consulting company based in Switzerland Quadra Trading, to achieve compliance with the strict quality requirements...

Oman Cement receives bids for new project

16 March 2021, Published under Cement News

Oman Cement Co has reportedly received commercial bids from EPC contractors for its integrated cement plant in Duqm, according to Muscat Daily. The 5000tpd project is expected to represent an investment of US$250m. "Offers from the EPC bidders have been received and after initial valuation the deviations in the commercial offers are yet to be updated and submitted by the EPC bidders," said the company. The company is also planning to set up a power plant to achieve a higher energy effici...

Raysut Cement reports 8% rise in total revenue

02 March 2021, Published under Cement News

Oman's Raysut Cement Group has reported an OMR14.06m (US$36.57m) net loss for the full-year 2020 period, against an OMR2.26m profit in the previous year. The results were attributed to a decline in sales volume in the local market as a result of projects and lower sales realisation per tonne of cement and clinker sold in export markets due to stiff competition from the UAE, Saudi Arabia and Iran. However, the company’s total revenue increased 7.5 per cent YoY to OMR90.38m from OMR84.05m. ...

Oman Cement orders ABB's optimisation technology

02 February 2021, Published under Cement News

Oman Cement Co (OCC) will build on long-term ABB relationship with the installation of ABB’s state-of-the-art ABB Ability™ System 800xA to optimise performance on all three process lines at the Muscat-based cement factory, which has a 3.5Mta cement production.  ABB has built on a 40-year relationship with leading cement producer OCC in delivering the latest digital control systems to boost operational efficiency, increase availability, lower costs and drive sustainability. ABB has also re...

Raysut Cement Co begins construction of 9MW WHR system

21 January 2021, Published under Cement News

Oman’s Raysut Cement Co has begun construction of a new 9MW waste heat recovery (WHR) system at its plant in Salalah. The project is expected to contribute to the company’s ambitious sustainability targets, which include reducing power consumption capacity by 25-30 per cent, lowering CO 2 emissions and cutting water consumption by more than 50 per cent. The producer has contracted Sinoma Overseas Development Co Ltd for the project on an EPC basis.

Raysut Cement Co sees 8% revenue increase

15 January 2021, Published under Cement News

Oman’s Raysut Cement Co has announced a 7.5 per cent YoY rise in revenue to OMR90.3m (US$234.9m) in its unaudited results for 2020, compared to OMR84.06m in the previous year. However, it has posted a loss after tax of OMR14.02m against an OMR2.26m profit in 2019.

Oman cement producer closed following complaints

31 December 2020, Published under Cement News

A cement producer in Oman has been temporarily closed after complaints from consumers, according to the Times of Oman. "The Consumer Protection Department in Al Dhahirah recently closed an institution specialising in the sale and production of cement products, according to a judicial decision, on a temporary basis, due to repeated complaints against it for not adhering to transparency and credibility, and for trading in a defective commodity that does not confirm to the standard specifica...

Raysut Duqm Cement Factory financing announced

21 December 2020, Published under Cement News

To support initiatives to scale up the industrial sector in Oman, ahlibank has announced the financing of OMR8.1m (US$21.1m) for Duqm Cement Factory's new cement grinding plant in Duqm Industrial Estate.  A signing ceremony with Duqm Cement Factory, a wholly-owned subsidiary of Raysut Cement, took place on 10 December, the Times of Oman reported. Signing the agreement on behalf of ahlibank was Hanaa Al Kharusi, General Manager – Corporate Banking while Raysut Cement Company was represente...