Oman cement producer closed following complaints
A cement producer in Oman has been temporarily closed after complaints from consumers, according to the Times of Oman. "The Consumer Protection Department in Al Dhahirah recentl...
Oman
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Raysut Duqm Cement Factory financing announced
To support initiatives to scale up the industrial sector in Oman, ahlibank has announced the financing of OMR8.1m (US$21.1m) for Duqm Cement Factory's new cement grinding plant ...
Raysut Cement scoops Best Employer Brand awards
Raysut Cement Company (RCC) has picked up seven awards and two Best Employer Brand Awards, one focussed on Oman companies and the other on GCC corporate entities. RCC’s CEO, Joe...
Raysut holds ground breaking ceremony for 1Mta Duqm grinding plant
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 pla...
New US$435m project set for Oman
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 Ne...
Raysut Cement reports 5% fall in revenue
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 per...
Raysut Cement acquires 75% stake in Maldives terminal
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 form...
Oman Cement sees 9% decline in 1H20 profit
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 compa...
Raysut Cement targets east African expansion
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 productio...
Oman Cement Co sees 27% fall in profit
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 sale...