Cement News tagged under: Oman
Raysut Cement of Oman to acquire Sohar Cement25 February 2019, Published under Cement NewsRaysut 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 plant04 February 2019, Published under Cement NewsRaysut 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 solutions23 January 2019, Published under Cement NewsOman’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 201814 January 2019, Published under Cement NewsOman’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 expansion10 December 2018, Published under Cement NewsThis 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 increase10 December 2018, Published under Cement NewsIran’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 expansion07 December 2018, Published under Cement NewsThis 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... |
Oman Cement's Board gives go ahead for Duqum plant07 December 2018, Published under Cement NewsOman Cement company has informed Muscat Securities Market on 6 December that its Board of Directors has agreed to go ahead with setting up of a new integrated cement plant in Duqum area, in central-eastern Oman. According to company notification, the plant will have a clinker capacity of 5000tpd and envisages an investment of about US$212m. The project implementation process is being finalised by company and shareholders will be kept informed of the progress of the project in due course.... |
Raysut Cement awards WHR contract to Sinoma04 December 2018, Published under Cement NewsOman's Raysut Cement has awarded the contract for the installation of a waste heat recovery (WHR) system to Sinoma Overseas Development Co of China. The project is reported to be the first of its kind in Oman. On behalf of Raysut Cement, CEO Joey Ghose signed the agreement with Meng Qinglin, CEO of Sinoma Overseas Development Co, in the presence of Shaikh Ahmed bin Yousef bin Alawi bin Abdullah Al Ibrahim, chairman Raysut Cement’s Board of Directors. The new system will use waste heat fr... |
New shiploading system at Salalah Port22 November 2018, Published under Cement NewsThe Port of Salalah, Oman, has taken delivery of a new mobile shiploading system, which it expects to commission later this year for use at its General Cargo Terminal (GCT). The equipment, supplied by Northern Ireland material handling systems producer Telestack, will provide a boost to the Dhofar Governorate’s plans to increase exports of limestone, gypsum and clinker via Salalah Port. Weighing around 560t, the shiploaders are mainly designed to load limestone, gypsum and clinker, which... |