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News Raysut Cement confirms plans to buy Sohar Cement

Raysut Cement confirms plans to buy Sohar Cement

Written by Global Cement staff 07 May 2019
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Oman: Raysut Cement has confirmed its plans to buy a 1.7Mt/yr grinding plant owned by Sohar Cement based in Sohar. The acquisition also includes purchasing the company’s distribution network, according to the Oman Daily Observer newspaper. Sohar Cement holds a 70% stake in the business, with UAE-based Fujairah Cement Company owning the remaining share.

Last modified on 08 May 2019
Published in Global Cement News
Tagged under
  • Oman
  • Raysut Cement
  • Acquisition
  • Sohar Cement
  • grinding plant
  • GCW403
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