Cement News tagged under: Oman

RSS feed

Raysut holds ground breaking ceremony for 1Mta Duqm grinding plant

11 November 2020, Published under Cement News

Raysut Cement Co (RCC) has held a groundbreaking ceremony for the start of the construction of its new US$30m grinding unit in Duqm in Oman. The development of the 1Mta Duqm plant raises the group's cement capacity to 7.4Mta. "Today’s groundbreaking is a milestone for RCC on two counts. It will contribute significantly to our ambitious capacity expansion targets of 10Mt by 2022 which is expected to be further scaled up to 22Mt in the near future. Second, it will help us generate m...

New US$435m project set for Oman

26 October 2020, Published under Cement News

Oman’s Duqm International Cement Projects Co is preparing to launch the country’s biggest integrated cement plant project with an investment of US$435m, according to the Oman News Agency. The new factory, to be located in the Special Economic Zone in Duqm (SEZAD), is expected to have a capacity of 3.5Mta (10,000tpd). It is due to start operations in 2023. The spokesman for the project stated that the new project will meet local market demand and also export to external markets such as ...

Raysut Cement reports 5% fall in revenue

15 October 2020, Published under Cement News

Oman’s Raysut Cement has announced its unaudited results for the 9M20, reporting a five per cent YoY fall in revenue to OMR65.24m (US$169.67m) from OMR62.13m in the year-ago period. The company also saw a OMR10.65m loss after tax for the nine months ending September 2020, compared to an OMR1m profit in the 9M19.

Raysut Cement acquires 75% stake in Maldives terminal

14 October 2020, Published under Cement News

Oman’s Raysut Cement Co has announced that its has acquired a 75 per cent stake in LafargeHolcim’s cement terminal at Thilafushi Island in the Maldives. As a result, it has formed a new joint venture, Raysut Maldives Cement Pvt Ltd. The new entity, with the State Trading Organisation (STO) of Maldives owning 25 per cent, has plans to expand the terminal's capacity from 75,000tpa to over 200,000tpa. The terminal will be owned and operated by the RCC-STO joint venture entity. "The Maldiv...

Oman Cement sees 9% decline in 1H20 profit

16 July 2020, Published under Cement News

Oman Cement Co has reported an 8.7 per cent decline in net profit after tax to OMR2.1m (US$5.46m) for the first half of 2020, compared to OMR2.3m in the 1H19. However, the company’s total revenue edged up 1.1 per cent to OMR26.4m from OMR26.1m.

Raysut Cement targets east African expansion

02 July 2020, Published under Cement News

Oman's Raysut Cement plans a five-fold increase in its cement production capacity, says Joey Ghose, Raysut Cement's CEO. The expansion would see Raysut Cement increase production from 5Mta to 26Mta in the next few years. The expansion would be accomplished through a mixture of joint ventures, acquisitions and greenfield cement projects, added Ghose. Expenditure would amount to US$65-78m in the next two years. The main area for growth would be in east Africa where the company plans to add 1...

Oman Cement Co sees 27% fall in profit

25 June 2020, Published under Cement News

Oman Cement Co has posted a 26.7 per cent fall in profit after tax to OMR1.1m (US$2.86m) for the first quarter of 2020, compared to OMR1.5m in the 1Q19. The company’s total sales saw a modest 1.5 per cent YoY decline to OMR13.6m from OMR13.4m.

Raysut Cement posts loss in 1Q20

11 June 2020, Published under Cement News

Oman’s Raysut Cement has posted an OMR4m (US$10.4m) loss after tax in the first quarter of 2020, compared to an OMR242,951 profit in the corresponding period of last year, according to Reuters. However, revenue advanced 11.3 per cent YoY to OMR25.6m from OMR23m.

Al Sahawa Cement is set to invite tenders for 5000tpd plant

29 May 2020, Published under Cement News

Al Sahawa Cement Co (ASCC), a subsidiary of Oman Cement Co, is reportedly planning to invite bids for two key tenders linked to the construction of its new US$212m integrated cement plant in Duqm by mid-July, according to TradeArabia. The tender for the 5000tpd clinker production unit is expected to be awarded on an EPC basis, while work on the clinker facility is expected to be pursued in parallel with the construction of a cement grinding unit. Commissioning is planned for March 2022. ...

Oman enforces anti-dumping measures

06 May 2020, Published under Cement News

Oman’s Ministry of Commerce and Industry has helped introduce screening measures at the country’s border to reduce cement dumping. The anti-dumping measures began in March but have reportedly been ramped up alongside restrictions on the cross-border movement of goods in response to the COVID-19 pandemic, according to the Oman Daily Observer. "We are delighted by the action initiated by the government to limit dumping of cement," said a source at Raysut Cement. "These measures will enable R...