2014-04-21
Today from Hiiraan Online:  _
Raysut making moves in Somalia, Yemen and UAE
Global Cement
Monday, July 01, 2013

The board of directors at Oman's Raysut Cement has announced that it will give the green light to the firm's plans for a series of expansion moves, both at home and abroad. As part of the plan, the country's largest cement manufacturer will establish modern state‐of‐the‐art Cement Terminal inside Oman's Duqm Port for storing, packing and distribution of cement. The facilities will include two silos, each with a capacity of 4000t. The port plan is expected to commence operation in the second half of 2014.

The Raysut board has also given approval for the establishment of a modern state‐of‐the‐art cement terminal at Berbera Port in Somalia. The construction, to be undertaken as a joint venture with local partners, will see storage, packing and distribution of cement from three 4000t silos.

Additionally, the board approved the establishment of a grinding plant in Mukulla, Yemen through its sister company Mukulla Raysut. Another joint venture with a local partner, the Yemen grinding plant will have a capacity of 0.5Mt/yr and will pack cement for the Yemeni market.

Finally, Raysut is planning to improve its Pioneer Cement Industries plant in the United Arab Emirates. The expansion will see the installation of an additional cement silo, a cooling system upgrade and the installation of environmental abatement systems.

"This development and expansion will have positive impact on the performance results and profitability of the company in the future," said Raysut in a statement.





Post your comments