Cement News tagged under: Oman
Oman Cement reports flat net profit in 9M2114 October 2021, Published under Cement NewsOman 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 4Q2123 September 2021, Published under Cement NewsRaysut 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 players17 September 2021, Published under Cement NewsThis 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... |
Oman Cement plans brownfield project14 September 2021, Published under Cement NewsOman Cement is reportedly planning to proceed with a brownfield expansion of its cement works, which would see it increase clinker capacity to 15,000tpd from 8700tpd. The company is expected to construct a new 10,000tpd line and upgrade its Line 3 from 4000tpd to 5000tpd, while decommissioning its two older lines. It has contracted PEG Resources (Switzerland) to carry out the technical study, alongside the tendering and contracting process. |
Oman Cement posts 5% decline in net profit15 July 2021, Published under Cement NewsOman Cement has posted a 4.8 per cent decline in net profit to OMR2m (US$5.2m) in the first half of 2021, compared to OMR2.1m in the year-ago period. Total revenue fell 9.1 per cent YoY to OMR24m from OMR26.4m in the 1H20. |
Raysut Cement sees net loss contract in 1H2115 July 2021, Published under Cement NewsOman’s Raysut Cement Co has seen its net loss after tax contract to OMR3.2m (US$8.3m) in the first half of 2021, compared to OMR10.9m in the same period of last year. Total revenue remained largely consistent YoY at OMR45m from OMR44.8m in the 1H20. |
Oman Cement Co reports 16% decline in revenue16 April 2021, Published under Cement NewsOman 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 revenue14 April 2021, Published under Cement NewsOman’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 markings30 March 2021, Published under Cement NewsOman-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 project16 March 2021, Published under Cement NewsOman 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... |