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 Stock Market-listed company raise output to 10 million tonnes by 2022.

Mr. Yousef Ahmed Alawi Alibrahim, Chief of Support Services and Business Development, RCC, said the Duqm grinding unit’s construction has been progressing despite the COVID-19 pandemic situation, thanks to the prudent safety and health protocols in place.

“This has been a challenging year for manufacturing industries in general, but RCC has been able to negotiate the hurdles with effective planning focusing on health and safety,” he said.

The Duqm plant is also a milestone project for RCC to scale up its output to 22 million tonnes in the near future.

Mr. Yousef Ahmed Alawi Alibrahim, who has been with Raysut since 2004, said RCC’s capacity expansion will help create employment opportunities for Omani nationals, leading to social and economic progress. Mr. Yousef Ahmed joined RCC as an accountant, growing up the ranks as head of the Internal Audit to Advisor to Support Services, before his current role of Chief of Support Services and Business Development.

As part of developing the Duqm plant, RCC had signed a land lease and Port of Terminal services agreement with Port of Duqm Company SAOC. The new grinding unit will also complement RCC’s expansion and new investments and acquisitions in Oman, Asia and East Africa.

Last year, RCC had acquired Sohar Cement Company SAOG in Oman at USD 60 million. It is also developing a new green field 1.2 million tonnes per annum cement plant near Tbilisi, Georgia, at an investment of US$200 million. A majority takeover of LafargeHolcim’s cement terminal at Thilafushi Islands in Maldives and an investment of US$40 million in a grinding unit in Berbera, Somaliland, are other RCC projects.

-Ends-

*Source: AETOSWire

Contact:
Mohammed Ahmed Barakat Al-Ibrahim
Senior Communications Manager
+96890999388

Send us your press releases to pressrelease.zawya@refinitiv.com

© Press Release 2021

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.