Tag: Sohar Cement

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

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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

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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 Cement Announces Acquisition of Sohar Cement at US$60 Million

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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…