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.
WCT2020 provides a unique online forum for cement industry professionals to hear first-hand from experts through a series of exclusive presentations from cement producers and industry experts.
World Cement Editor, David Bizley, sat down with Michael Tay, Advanced Analytics Product Manager at Rockwell Automation to discuss his recent article in World Cement.
Entitled ‘Smooth Sailing’, this article explains how machine learning can help save energy, reduce downtime and predict equipment failures, thus enabling the smooth running of cement plant operations.
New research by GlobalData’s MEED has shown that the commercial value of construction contracts issued in the Gulf Cooperation Council (GCC) fell by more than 50% in the first eight months of 2020 compared to the same period in 2019.
Salem Alawi Mohammed Baabood will replace Mohamed Ahmed al Dheeb as Chief Executive Officer of Raysut Cement Co, the sultanate’s largest cement manufacturer.
