US$30 million Duqm Plant of Raysut Cement to be on stream by Q4 2021

US million Duqm Plant of Raysut Cement to be on stream by Q4 2021

Muscat, Oman, (AETOSWire): Raysut Cement Company (RCC), Oman’s largest cement manufacturer with global footprints today said that its US$30 million Duqm grinding unit in Oman will be on stream in Q4 2021. “Duqm plant will add another 1 million tonnes to our capacity, helping us cater to Oman and other regional markets with increased supplies, where construction activity is poised to pick up in post-pandemic resurgence,” said Mr. Joey Ghose, Group CEO, RCC. The Duqm plant will raise RCC’s annual group output to 7.4 million tonnes, and help the Muscat…

Raysut Cement Gets CE, NF Certifications for Conforming to European Standards; Gears up to Export to EU Countries

Raysut Cement Gets CE, NF Certifications for Conforming to European Standards; Gears up to Export to EU Countries

Muscat, Oman, In a significant endorsement that will support exports to European Union (EU) markets, Oman’s largest cement manufacturer, Raysut Cement Company (RCC), has received CE and NF certifications, two stringent global quality norms validating RCC’s adherence to EU standards in cement production. The Muscat Stock Market (MSM)-listed RCC said the certifications come at a time when it is expanding exports to newer global markets. Currently, 50 per cent of the company’s output is exported to East Africa, India, Maldives, South Africa, and Indian Ocean islands.  “We consider CE and…

Raysut Cement Company Scoops awards at Oman & GCC Best Employer Brand Awards 2020

Raysut Cement Company Scoops awards at Oman & GCC Best Employer Brand Awards 2020

Muscat, Oman, (AETOSWire): Raysut Cement Company (RCC), Oman’s largest cement manufacturer, scooped seven awards at two Best Employer Brand Awards, one focused on Oman companies and the other on GCC corporate entities. RCC, the Muscat Stock Market-listed company, and an emerging global cement player, said its Group CEO, Mr. Joey Ghose won `CEO of the Year’ award at both the Oman Best Employer Awards 2020 in October and GCC Best Employer Awards 2020 in November. The awards, presented at virtual events held by the  global branding, HR and leadership body,…

Raysut Cement Holds Groundbreaking Ceremony for US$30 million Duqm Plant in Oman

Raysut Cement Holds Groundbreaking Ceremony for US million Duqm Plant in Oman

Muscat, Oman, (AETOSWire): Raysut Cement Company (RCC), Oman’s largest cement manufacturer held a groundbreaking ceremony triggering the start of the construction of its new US$30 million grinding unit in Duqm in Oman. The development of Duqm plant, a strategic expansion for the Muscat Stock Market-listed RCC will complement the company’s leadership in cement manufacturing adding another 1 million tonnes to the group output, taking the total to 7.4 million tonnes per annum. “The groundbreaking is a milestone for RCC on two counts. It will contribute significantly to our ambitious capacity…

Raysut Maldives Cement JV Formed; Acquisition of LafargeHolcim Stake Completed

Raysut Maldives Cement JV Formed;  Acquisition of LafargeHolcim Stake Completed

Muscat, Oman & Malé, Maldives,  (AETOSWire): Oman’s largest cement manufacturer, Raysut Cement Company (RCC), said it has closed the deal of acquiring 75 per cent of LafargeHolcim’s cement terminal at Thilafushi Island in Maldives, and a  new joint venture – Raysut Maldives Cement Pvt. Ltd. – has been formed. The new entity with State Trading Organization (STO) of Maldives owning 25 per cent has  plans to expand the terminal’s capacity, currently 75,000 tons per annum, by more than 100 per cent in future to over 200,000 tons per annum. This acquisition…

Raysut Cement in Corporate Revamp: Brings on Board Young Leaders in Top Management Roles

Raysut Cement in Corporate Revamp: Brings on Board Young Leaders in Top Management Roles

Muscat, Oman, (AETOSWire): Oman’s largest cement manufacturer, Raysut Cement Company (RCC), today announced a significant corporate revamp bringing on board young leaders from within the organization to new roles at key positions of the top management. In a statement, the Muscat Securities Market (MSM)-listed company said bringing new leaders to steer the company has been done at a time of crucial regional and global expansion of Raysut into new and diverse markets of Eastern Europe, East Africa and Asia, which necessitates strong and competent young managers who can complement the…

Pioneer Cement of UAE to develop US$200 million Greenfield Cement Project in Georgia

Dubai, United Arab Emirates, Tbilisi, Georgia and Muscat, Oman—(AETOSWire):   The UAE based Pioneer Cement Industries (“Pioneer Cement”), part of Oman based Raysut Cement Company SAOG (RCC) is in the process of setting up a 1.2 m tonnes per annum capacity integrated cement plant in Georgia, Eastern Europe. Pioneer Cement owns concession to limestone mines in Georgia that will provide the key raw materials to this project.  Georgia provides Pioneer Cement an opportunity to diversify from the Middle East into a market with large infrastructure growth and shortage of clinker…

Raysut Cement Announces Acquisition of Sohar Cement at US$60 Million

Muscat, Oman,  (AETOSWire):  Following a letter of intent it signed early this year with Sohar Cement Factory LLC’s shareholders, Oman’s largest cement manufacturer and one of the Gulf’s largest, Raysut Cement Company today announced the complete acquisition of Sohar Cement Factory LLC at a value of US$60 million. . In a statement, Muscat Securities Market-listed Raysut said that it has purchased all of Sohar Cement’s shares effective 19th May 2019 and will immediately begin integration of the company located at the Sohar Industrial Estate in Oman. “The acquisition of Sohar…

Raysut Cement Holds Change Management and Business Re-Engineering Workshop

Muscat, Oman,  (AETOSWire): In an initiative to bring its employees up to speed on the modern techniques and business processes that will support growth and development, Raysut Cement said it organized a high-level workshop to its employees on change management and business re-engineering. The workshop held at Salalah Garden Hotel was meant to help reorient its key employees to equip them with critical awareness on the challenges an organization comes across when it is on a growth phase which will necessitate imperative restructuring of business operations at all levels. “Raysut…

Raysut Cement to Upgrade Clinker Cooler for Savings

Signs agreement with Ayoki Engineering for project Muscat, Oman,  (AETOSWire):  Raysut Cement Company (RCC), Oman’s largest cement manufacturer today said it is upgrading its clinker cooler technology to increase savings in its production. RCC has signed an agreement with Oman-based Ayoki Engineering LLC for the upgradation of the company’s clinker cooler line 3 at Salalah.  As an EPC contractor, Ayoki will source all the equipment for the clinker cooler upgrade from IKN GmbH, Germany, a statement from Raysut said. “The upgrade of clinker cooler is in line with Raysut’s strategic…