Raysut Cement

Raysut Cement subsidiary Duqm Cement Factory signed a deal with Ahlibank for a $21 million loan to construct a grinding plant in Duqm, Oman. Construction started in November 2020.

Raysut Cement Company held a groundbreaking ceremony for a new US$30 million grinding unit in Duqm, Oman, which will add 1 million tonnes per annum to its capacity, raising total group output to 7.4 million tonnes.

Raysut Cement acquired a 75% stake in LafargeHolcim's cement terminal at Thilafushi Island, Maldives, forming a joint venture with STO Maldives. The terminal capacity will be expanded from 75,000 tpa to over 200,000 tpa.

Oman's Raysut Cement Co has begun discussions to acquire a 75% stake in LafargeHolcim Maldives from Switzerland-based Cementia AG. The board has approved the move in principle.

Raysut Cement (Pioneer Cement) will build a 1.2Mta greenfield cement plant near Tbilisi, Georgia, with an investment of US$200 million. Construction is scheduled to begin on 15 November 2019.

Raysut Cement announced plans for $700 million in investments in India by 2022, including $200 million to acquire two cement plants.

Raysut Cement Company announced plans to set up a cement grinding unit in the Duqm Special Economic Zone, Oman, with an investment of about $30 million. The plant will produce around one million tonnes of cement per annum.

Raysut Cement Company and MSG Group of Companies will establish a cement grinding plant in Berbera, Somaliland, with a capacity of 1 million tonnes per year and an investment of $40 million. Raysut Cement will own 55% and MSG 45%.

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.

Al Wusta Cement Co. LLC, a joint venture between Oman Cement and Raysut Cement, has been allocated land for a new cement plant in Duqm, Oman. The plant will have a capacity of 5,000-10,000 tpd and cost OMR225 million ($585 million). Construction is expected to start in 2018 and complete by 2020.

Raysut Cement commissioned an upgraded Gas Supply Station at its Salalah plant, adding 130,000-140,000 metric tonnes of cement output per annum.

Raysut Cement commissioned a new cement distribution terminal at the Port of Duqm, Oman, a multimillion rial investment to serve the Special Economic Zone.