Oman expected to raise prices in 2013
Omani cement producers will be able to raise prices by 2013 as dumping from the oversupplied UAE market slows and demand improves domestically and abroad, according to analysts,...
Oman
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GCC cement sector profits increase – report
GCC cement sector profits increased 21.2 per cent in 1Q12 and net profits increased from US$359.5m in 1Q11 to US$435.6m in 1Q12, according to a report by Global Investment House...
Oman cement output rises
Until recently, Omani cement manufacturers were victims of the cheap inflow of cement from UAE, but the Oman Daily Observer has reported that domestic cement producers are rampi...
Raysut Cement group profits rise, Oman
Oman-based cement producer, Raysut Cement reported net profit before tax rose 37.4 per cent to OMR6.84m for the first three months of 2012, from OMR4.98m (US$13m) in the same pe...
Oman Cement to increase capacity
Oman Cement Company (OCC), the Sultanate’s second largest cement producer, is planning to increase its cement grinding capacity. A consultancy agency has been engaged to study t...
Raysut Cement seeks new funds, Oman
Raysut Cement has announced that its Board of Directors has approved moves for a fresh term loan of OMR64m (US$166.2m) from three Omani banks. T
Raysut Cement to get US$166.2m loan to refinance debt, Oman
Oman's largest cement company by market value, Raysut Cement said its board of directors decided at a meeting on Wednesday to take a OMR64m (US$166.2m) term loan to refinance an...
Oman forecast to see increased exports
Oman is expected to witness increasing exports this year thanks to demand from markets like Yemen and East Africa, a new research report has forecast. Raysut Cement is expected ...
Proposed Daqm plant being studied, Oman
Oman Cement Company (OCC) is interested in establishing a cement plant in the port town of Daqm, the Times of Oman reports. The company is currently carrying out a feasibility s...
Oman: competition reduces Raysut Cement’s profits
Oman's Raysut Cement is losing market share at home as rival UAE players offer competitive cement pricing. The country's largest cement maker reported a 28% fall in annual profi...