Al Tasnim Cement opens ready-mix plant in Oman
Al Tasnim Cement Products Division has launched its new ready-mix plant in Duqm, Al-Wusta, Oman. The plant is situated in the industrial Special Economic Zone and will produce d...
Oman
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Raysut Cement set to begin construction of new plant in Georgia
UAE-based Pioneer Cement (Raysut Cement Co) is currently finalising arrangements for its greenfield 1.2Mta project to be located near Tbilisi, Georgia. Pioneer Cement owns conce...
Raysut Cement signs Duqm plant deals
Omani cement producer Raysut Cement Co, has signed a land lease and Port of Terminal services agreements with Port of Duqm Co for the construction of its US$30m grinding unit. C...
Oman Cement Co appoints consultancy for Duqm plant
Oman Cement Co has appointed “a leading consultant company” to work on its upcoming Duqm cement plant as a project consultant, reports New Vision. While it did not name the cons...
Raysut Cement to install 1Mta grinding unit in Oman
The board of Oman’s Raysut Cement Co has approved a plan to install a new grinding unit in Duqm, in the central-eastern part of the country. The 1Mta project is expected to repr...
Raysut Cement and Bank Nizwa sign OMR19.5m financing agreement
Raysut Cement Co has signed a OMR19.5m (US$50.6m) agreement for Shari’a-compliant financing facilities with Oman-based Islamic lender Bank Nizwa. The facilities consist of long-...
Oman Cement Co reports 52% fall in profit
Oman Cement Co has reported a 52 per cent YoY fall in profit after tax for its 1H19 unaudited results, decreasing to OMR2.3m (US$6m) from OMR4.8m of the year-ago period. The fir...
Raysut Cement Co sees revenue fall 5% in 1H19
Oman’s Raysut Cement Co has announced its unaudited consolidated results for the first six months of 2019. The company has seen a 5.1 per cent YoY decline in revenue to OMR41.7m...
Raysut Cement recycle bulk carrier
The Raysut II bulk cement carrier of Raysut Cement Co of Oman was re-floated and recycled recently, according to shipping industry sources. Resolve Marine Group completed the co...
Raysut Cement targets expansion outside Gulf region
Raysut Cement Co aims to build on its recent acquisition of Sohar Cement by expanding into Africa and India. Raysut Cement's Chief Executive, Joey Gosh, signalled that further e...