Raysut Cement eyes African expansion
Published by Joseph Green,
Editor
World Cement,
Oman's Raysut Company is to establish a subsidiary firm, named Barqaaqo Cement Company, to supply cement to the African country of Somalia.
Raysut will possess a 51% stake in Barqaaqo Cement.
The cement manufacturer also plans to build a terminal in Duqm, easing the cement supply strain.
During the period ending 30 June 2015, the group earned a revenue of RO 46 825 721 in comparison with RO 49 495 277 in the same period of the previous year and achieved net profit after tax of RO 10 964 883 for the six months ending 30 June 2015 against RO 15 587 029 during the corresponding period of last year.
Edited from sources by Joseph Green. Sources: MSM, Construction Week Online
Read the article online at: https://www.worldcement.com/africa-middle-east/11082015/raysut-cement-eyes-african-expansion-306/
You might also like
The World Cement Podcast - The changing face of cement in Europe
In this special joint episode of the World Cement Podcast and Cementing Europe’s Future, Senior Editor David Bizley is once again joined by Koen Coppelholle, CEO of Cement Europe (formerly CEMBUREAU). The two discuss the reasons behind the rebrand, a new action plan for cement, and the future of the industry.
Tune in to the World Cement Podcast on your favourite podcast app today.
