Raysut Cement plans expansion into Africa and India after Sohar Cement acquisition

Raysut Cement Co aims to expand into Africa and India through acquisitions, following its $60 million acquisition of Sohar Cement Factory LLC, targeting 20 million tonnes per annum capacity.

“a ceremony of an agreement signing regarding the acquisition of Sohar Cement Factory’s total shares by RCC has been held, at a purchase value of US $60,000,000.”raysutcement.om

• 2 sources
• raysutcement.omRaysut Cement Company - Media - News - As a part of the Company Strategic expansions, RCC has acquired the Sohar Cement Factory shares and increased its production capacity to more than 4 Million tons per annumMay 19, 2019
• cemnet.comRaysut Cement targets expansion outside Gulf region | CemNetMay 28, 2019

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