Raysut Cement Company is reportedly building a new distribution terminal at the Port of Duqm and adding further silo capacity to its Salalah plant. The company’s chairman, Ahmed bin Alawi bin Abdulla Al Ibrahim, spoke of the developments while announcing the third quarter results, saying: “The work is in progressive stage for some of these projects and the company would reap benefits from these starting from the early part of next year.” In addition to the terminal and silo, Raysut Cement is building an offshore unloader and blow pump system in the north of Oman to facilitate bulk cement handling.
Raysut Cement is also said to be considering expanding its business beyond Oman. The chairman said: “While there are positive signs of growth in Oman market, the same is not being translated into cement demand due to severe competitions from the UAE suppliers”, adding that the same pressure is being felt in Yemen and in East Africa. Despite this pressure, the company reported an 8% increase in profit for the first nine months of this year, earning OMR23.26 million.
Edited from various sources by Katherine Guenioui
Read the article online at: https://www.worldcement.com/africa-middle-east/10112014/raysut-cement-invests-in-cement-handling-facilities-827/