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...
Raysut Cement Co
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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-...
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 establishes partnership for Somaliland plant
Oman’s Raysut Cement Co has established a partnership with MSG Group to set up a grinding unit in Somaliland, an autonomous region of Somalia. The 1Mta unit is expected to be co...
Raysut Cement records 27% revenue increase in 2018
Oman’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...
Raysut Cement targets international expansion
This 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...
Raysut Cement awards WHR contract to Sinoma
Oman'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 b...
Al Wusta’s Duqm cement plant requires project finance
Oman’s Al Wusta Cement is currently looking for project finance from international for its Duqm cement plant project. Total project investment is estimated to be US$85m. Al Wust...
Raysut Cement 1H18 profit falls
Raysut Cement Co reported a 14.4 per cent increase in revenues in the first half of 2018. Revenues advanced to OMR42.8m (US$111.3m) from OMR37.4m in 1H17. However, the Omani cem...