Raysut Cement’s $30mn Duqm plant to go on stream in 2021 fourth quarter
Duqm plant will add another 1mn tonnes to Raysut Cement’s capacity and helping the company cater to Oman and regional markets
MUSCAT: Raysut Cement Company (RCC), Oman’s largest cement manufacturer with global footprints said that its $30 million Duqm grinding unit in Oman to go on stream in fourth quarter of 2021. “Duqm plant will add another 1 million tonnes to our capacity, helping us cater to Oman and other regional markets with increased supplies, where construction activity is poised to pick up in postpandemic resurgence,” said Joey Ghose, Group CEO of RCC.
The Duqm plant will raise RCC’s annual group output to 7.4 million tonnes, and help the Muscat Stock Exchange-listed company raise output to 10 million tonnes by 2022.
Yousef Ahmed Alawi Alibrahim, Chief of Support Services and Business Development, RCC, said the Duqm grinding unit’s construction has been progressing despite the COVID-19 pandemic situation, thanks to the prudent safety and health protocols in place. “This has been a challenging year for manufacturing industries in general, but RCC has been able to negotiate the hurdles with effective planning focusing on health and safety,” he said.
The Duqm plant is also a milestone project for RCC to scale up its output to 22 million tonnes shortly.
Yousef Alibrahim, who has been with Raysut since 2004, said RCC’s capacity expansion will help create employment opportunities for Omani nationals, leading to social and economic progress. He joined Raysut Cement Company as an accountant, growing up the ranks as head of the Internal Audit to Advisor to Support Services, before his current role of Chief of Support Services and Business Development.
As part of developing the Duqm plant, RCC had signed a land lease and Port of Terminal services agreement with Port of Duqm Company. The new grinding unit will also complement RCC’s expansion and new investments and acquisitions in Oman, Asia and East Africa.
Last year, RCC had acquired Sohar Cement Company in Oman at $60 million. It is also developing a new greenfield 1.2 million tonnes per annum cement plant near Tbilisi, Georgia, at an investment of $200 million. A majority takeover of LafargeHolcim’s cement terminal at Thilafushi Islands in the Maldives and an investment of $40 million in a grinding unit in Berbera, Somaliland, are other RCC projects.