Cement News tagged under: Oman
Raysut Cement acquires 75% stake in Maldives terminal14 October 2020, Published under Cement NewsOman’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 profit16 July 2020, Published under Cement NewsOman 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 expansion02 July 2020, Published under Cement NewsOman'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 profit25 June 2020, Published under Cement NewsOman 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 1Q2011 June 2020, Published under Cement NewsOman’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 plant29 May 2020, Published under Cement NewsAl 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 measures06 May 2020, Published under Cement NewsOman’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... |
Celebrating industry excellence02 April 2020, Published under Cement NewsCemtech Middle East and Africa 2020 welcomed delegates from over 35 nations to the Grand Hyatt Dubai, UAE, on 16-19 February. The conference and exhibition offered a comprehensive overview of the regional cement industry and gave attendees the opportunity to network with cement producers and international industry specialists. The conference opened with a discussion of the GCC cement markets and global prospects The 15th Cemtech MEA conference and exhibition was successfully hel... |
Oman announces measures to ensure cement supply18 March 2020, Published under Cement NewsOman's Ministry of Commerce and Industry (MOCI) has announced measures to ensure there will be no shortage of cement in the market. "The Ministry will coordinate with Omani cement companies to ensure supply in all governorates and look at an increase in operational capacity to cover shortages, if any," said a notice on social media. The MOCI will also make clearances for imported shipments directly from various outlets. The Ministry confirmed that it had not stopped importing cement pr... |
Raysut Cement joins WCA04 March 2020, Published under Cement NewsThe World Cement Association has further expanded its international network of members by welcoming Raysut Cement Co (RCC) as a new Corporate Member. Founded in 1981, Raysut Cement Company is headquartered in Salalah, Oman, and is the largest producer of cement in Oman with clinker and cement manufacturing assets in Oman, Yemen, UAE and recently acquired LafargeHolcim Maldives. With a total production capacity of 7.1Mta the company exports 1.5Mta of cement and clinker across markets in the ... |