Raysut Cement

Raysut Maldives Cement JV Formed; Acquisition of LafargeHolcim Stake Completed

Sunday, October 18, 2020 - 12:32pm

Omans largest cement manufacturer, Raysut Cement Company (RCC), said it has closed the deal of acquiring 75 per cent of LafargeHolcims cement terminal at Thilafushi Island in Maldives, and a new joint venture - Raysut Maldives Cement Pvt.

Key Points: 
  • Omans largest cement manufacturer, Raysut Cement Company (RCC), said it has closed the deal of acquiring 75 per cent of LafargeHolcims cement terminal at Thilafushi Island in Maldives, and a new joint venture - Raysut Maldives Cement Pvt.
  • This acquisition opens a corridor of trade between Oman and Maldives not only in the cement industry with Raysut Cement but also in other areas which will benefit both economies.
  • Our foray into Maldives will help drive self-sufficiency of cement in Maldives, which currently is predominantly an import market.
  • Raysut is looking at adding local value in Maldives by installing production facilities to ensure there is at least 40% local content.

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

Sunday, September 27, 2020 - 5:04pm

Omans 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.

Key Points: 
  • Omans 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.
  • As part of the management restructuring, Mr. Salim Ahmed Alawi Al-Ibrahim has been promoted as Acting Deputy Group CEO, who will now support and complement the leadership of Raysuts Group CEO, Mr. Joey Ghose.
  • Mr. Salim has been with Raysut since 2014 and has been contributing significantly to the company in his earlier role in the sales department.
  • Mr. Mohammed Ahmed Aideed has been promoted as the Acting GM of Raysut.

Pioneer Cement of UAE to Develop US$200 Million Greenfield Cement Project in Georgia

Thursday, October 17, 2019 - 6:49pm

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.

Key Points: 
  • 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.
  • View the full release here: https://www.businesswire.com/news/home/20191017005812/en/
    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 and high-quality cement, the company said in a statement.
  • This year Raysut also joined hands with MSG Group in East Africa to set up a US$40 million cement grinding unit in Berbera, Somaliland as well as acquired Sohar Cement Factory LLC at a value of US$60 million.