Raysut

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

Retrieved on: 
Wednesday, September 22, 2021

Raysut Cement Company (RCC), Omans 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.

Key Points: 
  • Raysut Cement Company (RCC), Omans 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.
  • The Duqm plant will raise RCCs annual group output to 7.4 million tonnes, and help the Muscat Stock Market-listed company raise output to 10 million tonnes by 2022.
  • The Duqm plant is also a milestone project for RCC to scale up its output to 22 million tonnes in the near future.
  • 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.

Raysut Maldives Cement JV Formed; Acquisition of LafargeHolcim Stake Completed

Retrieved on: 
Sunday, October 18, 2020

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.