# 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.

- Type: Acquisition
- Announced: 2019-05-19
- Where: Oman
- Value: $60.0M
- Status: announced
- Capacity: 20 million tonnes per annum (target)
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Raysut Cement](https://endata.com/companies/22518.md)
- [Raysut Cement](https://endata.com/companies/22518.md) (acquirer)
- [Sohar Cement Factory LLC](https://endata.com/companies/39617.md) (target)

## Sources

- [raysutcement.om](https://raysutcement.om/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-annum), 2019-05-19: "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."
- [cemnet.com](https://www.cemnet.com/News/story/166658/raysut-cement-targets-expansion-outside-gulf-region.html), 2019-05-28: "We are looking at an aggressive expansion strategy from 2019 with a view to eventually expand our production to 20Mta."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.