Cement News tagged under: Oman

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Raysut Cement reports 10% revenue increase in 1Q19

15 April 2019, Published under Cement News

Oman’s Raysut Cement Co has released its unaudited consolidated financial results for the 1Q19, reporting a 9.8 per cent YoY increase in revenue to OMR23m (US$59.84m) from OMR20.96m. However, profit before tax declined 77.2 per cent in the first quarter to OMR248,478, compared with OMR1.09m of the year-ago period. Total profit and comprehensive income attributable to shareholders decreased 46 per cent to OMR242,951 from OMR450,161.

Oman eyes on boosting minerals explorations

11 March 2019, Published under Cement News

The Government of Oman is planning to explore and enhance the production of minerals including raw materials for the cement industry. According to local media, Oman's mining authorities have identified investment opportunities worth over OMR300m (US$780.2m) that are linked to the exploitation and commercialisation of the country's prolific industrial mineral resources.   These minerals include gypsum, limestone, gabbro, marble, kaolin, quartz, clay, basalt, potash and dolomite – non-metalli...

Raysut Cement's production rises 14% in FY18

08 March 2019, Published under Cement News

Raysut Cement Co of Oman has released consolidated financial statements for the year ended 31 December 2018, reporting that it produced 3.398Mt of clinker and 3.326Mt of cement against 2.967Mt of clinker and 2.913Mt of cement, respectively in 2017.  The overall production of clinker is higher YoY by 14.5 per cent and cement by 14.2 per cent, respectively.   According to the report, out of total production, the parent company produced 2.051Mt of clinker and 2.11Mt of cement at its Sal...

Raysut Cement of Oman to acquire Sohar Cement

25 February 2019, Published under Cement News

Raysut Cement Co SAOG has informed Muscat Securities Market (MSM) that it has signed a letter of intent (LoI) with the shareholders of Sohar Cement Factory LLC of Oman, with respect to the purchase of all its shares. 

 According to Ghose Jotirmoy Pratul Krishina, CEO of Raysut Cement, the parties are currently discussing the terms of the proposed acquisition and company will keep its shareholders informed of any significant future developments as and when they happen. With a 240tph gr...

Raysut Cement orders new clinker cooler for Salalah plant

04 February 2019, Published under Cement News

Raysut Cement Co (RCC) has signed an agreement with Oman-based Ayoki Engineering LLC for the upgrade of the Line 3 clinker cooler at its Salalah plant. According to a media statement from Raysut, Ayoki Engineering will import all the equipment for the clinker cooler upgrade from IKN GmbH, Germany. "The upgrade of clinker cooler is in line with Raysut's strategic plan to install the latest in production technology to reduce costs as well as to scale up its plants with state-of-the-art eq...

Raysut Cement begins operation of new digital solutions

23 January 2019, Published under Cement News

Oman’s Raysut Cement Co (RCC) has begun operation of its new SAP ERP suites after five months of implementation. The SAP S/4 HANA and SAP SuccessFactors suites will help boost efficiency at the company. "Digital transformation at RCC is an ongoing agenda and the deployment of the SAP modules is a beginning," said Joey Ghose, CEO. The new SAP S/4HANA will assist the company to increase efficiency levels in business processes, while SAP SuccessFactors is a human capital management tool. "B...

Raysut Cement records 27% revenue increase in 2018

14 January 2019, Published under Cement News

Oman’s Raysut Cement Co has announced its unaudited consolidated results for 2018, recording a 26.6 per cent YoY rise in revenue to OMR90.98m (US$236.6m) from OMR71.9m last year. However, the company noted a 28.5 per cent fall in profit after tax to OMR4.16m, compared with OMR5.81m of the year-ago period.

Raysut Cement targets international expansion

10 December 2018, Published under Cement News

This week Oman's Raysut Cement Co announced that it is planning to expand its portfolio by entering the Indian cement markets of Gujarat and Chhattisgarh, as well as targeting a 70 per cent stake in the distressed Kenyan producer ARM Cement, which is up for sale with debts of US$140m. The investments are all part of Raysut Cement's medium-term plan to substantially raise cement capacity from 6Mta to 20Mta by 2022. The acquisitions in India will represent an initial total investment of US$20...

Iranian province records export increase

10 December 2018, Published under Cement News

Iran’s southern province of Hormozgan reported a 40 per cent increase in clinker and cement exports to 400,000t during the eight-month period between 21 March-21 November 2018, according to Masoumeh Mousavi of the country’s Mine and Trade Department. Products from the area were exported to Oman, UAE, Tanzania and South Africa.

Raysut Cement targets international expansion

07 December 2018, Published under Cement News

This week Oman's Raysut Cement Co announced that it is planning to expand its portfolio by entering the Indian cement markets of Gujarat and Chhattisgarh, as well as targeting a 70 per cent stake in the distressed Kenyan producer ARM Cement, which is up for sale with debts of US$140m. The investments are all part of Raysut Cement's medium-term plan to substantially raise cement capacity from 6Mta to 20Mta by 2022. The acquisitions in India will represent an initial total investment of US$20...