Cement News tagged under: Oman

RSS feed

CMA suspends trading of shares in Raysut Cement

28 November 2022, Published under Cement News

The Capital Market Authority (CMA) has suspended the trading of shares in Oman-based Raysut Cement SAOG after material misrepresentations were spotted in the company’s unaudited financial reports for the second quarter of 2022, published on 10 November 2022. According to the Oman Daily Observer, the misrepresentations were picked up during an audit of the results as they were inconsistent with international accounting standards and therefore the results do not reflect the real financial...

Oman Cement commissions WTE plant

26 September 2022, Published under Cement News

As part of efforts to reduce its reliance on natural gas, Oman Cement plans to commission a waste-to-energy (WTE) plant, using shredded scrap tyres. The plant is expected to be commissioned by the end of 2022. According to Oman Daily Observer, the plant is part of a fuel diversification strategy adopted by the cement company, which is 51 per cent owned by Oman Investment Authority (OIA), to enable access to a mix of alternative, sustainable energy sources. Two years ago, Oman Environmen...

Oman takes measures to meet shortfall in cement demand

24 March 2022, Published under Cement News

The Ministry of Commerce, Industry and Investment Promotion held a joint meeting in Muscat on 22 March 2022 with departments concerned and related companies to discuss cement shortage in some governorates of Oman. One of the local factories suspended production due to the hike in costs of raw materials in the production prices. Almost immediately, Oman Cement announced its readiness to boost its production capacity by 10 per cent to meet the shortfall. The meeting resulted in taking ...

Oman Cement Co reports OMR4.447m net profit

18 March 2022, Published under Cement News

Oman Cement Co posted a net profit of OMR4.447m (US$11.57m) for 2021, representing a growth in its commercial activities despite the economic impact of COVID-19. Eng Salem Bin Abdullah al Hairi, CEO of Oman Cement, said that these results have been achieved due to a number of policies implemented meet the higher demand and despite the strong competition that was witnessed in the market, not only from local cement companies but also from imported cement brands. In 2021 the company produ...

Oman Cement invites bid for Line 4 project

22 December 2021, Published under Cement News

Oman Cement has invited bids for a contract to expand the capacity of its plant in Rusayl. The company’s CEO, Salim al Hajri, noted that planned expansion includes the construction of a new line (Line 4) with a capacity of 10,000tpd of cement. In addition, the existing Line 3 would be upgraded to 5000tpd from the current 4000tpd. The expansion is expected to meet domestic demand and reduce import dependence.

Oman Cement increases conveyor capacity

01 December 2021, Published under Cement News

Oman Cement Co has increased the capacity of one of its conveyor belts from 150 to 250tph. The increase of the conveyor that transports cement from the cement mill to the silo was achieved by EPC specialist Synergy International FZE, who was responsible for project planning, procurement and construction. Synergy International FZE specialises in mechanical power transmission and bulk material handling, wear protection and dedusting systems, as well as ball mill optimisation and automated fl...

Middle East: diversification is key

22 November 2021, Published under Cement News

Following years of conflict, the potential for cement demand in the Middle East is huge. Add to this the drive by governments to develop and expand various industries to reduce their reliance on oil and gas revenues. Meeting this demand, however, requires investment at a time when state revenues have plummeted and the region is facing escalating humanitarian crises. Global oil prices declined by more than 50 per cent in March 2020 as lockdown measures grounded international flights ...

Oman Cement reports flat net profit in 9M21

14 October 2021, Published under Cement News

Oman Cement has posted a net profit after tax of OMR2.8m (US$7.28m) in the first nine months of the year, which is flat compared to OMR2.8m seen in the year-ago period. Total revenue for January-September 2021 was down 9.3 per cent YoY to OMR35.3m from OMR38.9m in the 9M20.

Raysut Cement Co plans Duqm grinding plant start up for 4Q21

23 September 2021, Published under Cement News

Raysut Cement Co's (RCC) US$30m Duqm grinding unit in Oman will come on-stream in the 4Q21. The Duqm plant will raise RCC’s group output to 7.4Mta, and help the company raise production to 10Mta by 2022. “Duqm plant will add another 1Mta to our capacity, helping us cater to Oman and other regional markets with increased supplies, where construction activity is poised to pick up in post-pandemic resurgence,” said Mr Joey Ghose, group CEO of RCC.   As part of developing the Duqm plant...

Differing priorities for Oman's leading cement players

17 September 2021, Published under Cement News

This week, Oman Cement Co announced that it is planning a 5600tpd brownfield expansion of its plant in Rusayl, Oman, as it builds a new kiln line, upgrades an existing line and shuts down some capacity. The capacity programme will improve its domestic production, which is currently behind market leader Raysut Cement. The latter catapulted its cement capacity ahead with the acquisition of Sohar Cement in 2019. The lure of foreign markets has also seen Raysut Cement expand its capcity, but bot...