Cement News tagged under: Oman

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Oman Cement sees net profit decline 45% in 2019

16 January 2020, Published under Cement News

Oman Cement has recorded a 45.3 per cent fall in its net profit to OMR4m (US$10.4m) for 2019, compared to OMR7.3m in the previous year. Total revenue also declined four per cent YoY to OMR50.12m from OMR52.19m.

Raysut Cement records surge in profit for 2019

15 January 2020, Published under Cement News

Oman’s Raysut Cement Co has seen a 1156.9 per cent surge in profit to OMR4.3m (US$11.2m) in its unaudited results for 2019, compared to OMR343,652 in the previous year. However, total revenue has decreased 7.6 per cent YoY to OMR85.68m from OMR92.76m in 2018.

Oman Cement Co announces new 5000tpd plant

02 January 2020, Published under Cement News

Oman Cement Co has issued an EPC tender for a new integrated cement plant in Duqm with a clinker capacity of 5000tpd. The plant will be operated as Alsahawa Cement Co (ASCC). The project is expected to be implemented in a backward integration mode, where cement will be produced by ASCC after receiving clinker from its parent company. Through this process, cement is anticipated to be available by September 2021. Construction of the clinker line will begin in parallel with the grinding facil...

Oman Cement appoints new CFO

25 November 2019, Published under Cement News

Oman Cement Co has appointed Fatick Hussain Al Balushi as the company’s CFO. Mr Al Balushi has more than 15 years of experience in the oil, gas and petrochemical industries and was associated with Oman Oil Co before his appointment at Oman Cement Co. He also worked as finance manager for Oman Oil Co’s Salalah Methanol Co. He is an alumnus of Sultan Qaboos University and University of Leicester.

Raysut Cement sees 9% decline in revenue for 9M19

15 October 2019, Published under Cement News

Oman’s Raysut Cement Co has announced an 8.5 per cent fall in total revenue to OMR62.13m (US$161.58m) in the nine months ended 30 September 2019, compared with OMR67.89m in the year-ago period. Profit before tax declined 65 per cent YoY to OMR1.01m in the 9M19, while profit after tax decreased 49.2 per cent to OMR1.01m from OMR1.99m.

Al Tasnim Cement opens ready-mix plant in Oman

14 October 2019, Published under Cement News

Al Tasnim Cement Products Division has launched its new ready-mix plant in Duqm, Al-Wusta, Oman. The plant is situated in the industrial Special Economic Zone and will produce durable concrete. This new ready-mix factory has an installed capacity of 425m 3 /h, and is suported by three batching plants in Duqm and one onsite batching plant in RaMakaz. Pankaj Zaveri, director at Al Tasnim Cements Products, said, "Al Tasnim Group the leading supplier of Ready Mixed Concrete in the Sultanate of...

Raysut Cement set to begin construction of new plant in Georgia

08 October 2019, Published under Cement News

UAE-based Pioneer Cement (Raysut Cement Co) is currently finalising arrangements for its greenfield 1.2Mta project to be located near Tbilisi, Georgia. Pioneer Cement owns concessions to limestone mines in Georgia that will provide the key raw materials for the project. The new unit is an opportunity to diversify from the Middle East into a market with large infrastructure growth and a shortage of clinker and high-quality cement, said the company in a statement. "We have embarked on an...

Raysut Cement signs Duqm plant deals

30 September 2019, Published under Cement News

Omani cement producer Raysut Cement Co, has signed a land lease and Port of Terminal services agreements with Port of Duqm Co for the construction of its US$30m grinding unit. Commenting on the programme, Raysut Cement’s chief executive officer, Joey Ghose, said: "The Duqm unit, which comes after our recent acquisition of Sohar Cements in Oman will help us consolidate and strengthen our presence in Oman and the neighbouring Gulf markets. Our goal is to raise our capacity to 20 million tonn...

Oman Cement Co appoints consultancy for Duqm plant

16 September 2019, Published under Cement News

Oman Cement Co has appointed “a leading consultant company” to work on its upcoming Duqm cement plant as a project consultant, reports New Vision. While it did not name the consultancy, it confirmed that its Duqm integrated plant would have a capacity of 5000tpd. The project, which was approved by the company’s board of directors in December 2018, represents an investment of around US$212m.

Raysut Cement to install 1Mta grinding unit in Oman

04 September 2019, Published under Cement News

The board of Oman’s Raysut Cement Co has approved a plan to install a new grinding unit in Duqm, in the central-eastern part of the country. The 1Mta project is expected to represent an investment of US$30m, with work on the plant scheduled to begin later this month.