Displaying items by tag: Oman

Kenya: The Competition Authority of Kenya has granted China-based Zou Fengqi and Oman-based Raysut Cement exemption from regulatory approval on a recent application in line with competition guidelines. The Business Daily newspaper has reported that the application stated that Zou Fengqi plans to acquire a 60% stake in Raysut Cement’s business in East Africa.

Raysut Cement operates grinding plants in Mogadishu, Somalia and Somaliland.

Oman: The government is reportedly considering selling its majority stake in Oman Cement. Unnamed sources quoted by Bloomberg say that the authorities have been discussing the matter with financial advisors but that no final decision has been reached. The government owns a 54% stake in the cement producer through the Oman Investment Authority.

In separate reporting, Oman Cement Company has postponed its proposed US$250m Duqm cement plant project while it confirms the availability of fuel. In March 2021 the cement producer issued a tender for a related power plant project, according to the Muscat Daily newspaper. The proposed plant will have a clinker production capacity of 5000t/day.

Oman: Raysut Cement has been granted the CE and NF markings by France-based AFNOR Certification for some of the cement products manufactured at its Salalah plant. The cement producer has been advised that it is now able to export its CEM I 42.5R CE PM CP2 NF and CEM II/B-LL 32.5N CE products to the European Union. It follows the plant upgrading its quality management to meet the CE and NF requirements. The producer has also passed certifications for CE002:2020 or NF002:2019, NFP 15-317:2006 and NFP 15-318:2006, allowing it to export cement to islands in the Indian Ocean. Raysut Cement was advised by Switzerland-based Quadra Trading on how to comply with the quality requirements of the international standards.

Oman: Oman Cement has issued an engineering, procurement and construction (EPC) tender to build a power plant at its proposed integrated plant at the Port of Duqm. The Muscat Daily newspaper has reported that the plant will have a clinker production capacity of 5000t/day and is expected to cost US$250m.

Oman: Switzerland-based ABB has completed a digital systems overhaul at Oman Cement Company’s (OCC) Muscat cement plant. The supplier says that by integrating the plant’s three production lines with its ABB Ability System 800xA product it will optimise performance across the lines, boosting operational efficiency, increasing availability, lowering costs and driving sustainability. It says that it has also replaced older controllers in their final lifecycle phase with AC800M models. Teams from OCC and ABB collaborated to complete the engineering, supply, installation and commissioning of the ABB systems.

OCC head of instrumentation and control Bashar Al Farsi said, “Cement production is a core industry for Oman, serving and enabling a self-sufficient construction industry. With the long-term support of ABB we have added to this strength and look forward to continued success, now with the latest digital control system across our three process lines. We have already identified time and cost savings, and will drive towards greater efficiencies and sustainability targets as we aim to be the number one cement manufacturing company in the Sultanate.”

OCC has been a customer of ABB since 1978.

Oman: Raysut Cement has held a groundbreaking ceremony for a new 9MW waste heat recovery (WHR) unit at its Salalah cement plant. The Times of Oman newspaper has reported that China-based Sinoma Overseas Development will undertake the engineering, procurement and construction work on the project.

The producer said that the installation “Will contribute significantly to our ambitious targets such as reducing power consumption by 25 - 30%, reducing CO₂ emissions and above all reducing in water consumption by more than 50%.”

Oman: Raysut Cement’s revenue grew by 7% year-on-year to US$235m in 2020 from US$219m in 2019. Its profit after tax increased to US$36.5m from US$5.88m.

Oman: The Consumer Protection Authority (CPA) has intervened to suspend operations at a cement producing facility in Al Dhahirah Governorate. The Times of Oman has reported that the suspension results from repeated complaints to the CPA’s consumer protection department about product quality. The operation is also suspended from selling its goods.

Oman: Raysut Cement subsidiary Duqm Cement Factory has signed a deal with Ahlibank for a US$21m loan for the construction of its Duqm grinding plant in Al Wusta Governotate. The grinding plant will produce ordinary Portland cement (OPC), Portland limestone cement (PLC) and ground granulated blast furnace slag (GGBFS), according to the Times of Oman newspaper. Construction of the plant started in November 2020.

Raysut Cement chief executive officer (CEO) Joey Ghose said, “We would like to extend our sincere gratitude and appreciation to Ahlibank for financing the Construction of Duqm Cement Factory’s new grinding plant in Duqm Industrial Estate. Through strategic partnerships with the public and private sectors, the bank has ensured the all-round development of Oman’s diverse sectors. The new cement plant will spur economic activities in around the Duqm Industrial Estate and thereby bring more and more businesses to the region.”

Oman: Raysut Cement received a total of seven awards at the Oman Best Employer Brand Awards 2020 and the Gulf Cooperation Council Best Employer Brand Awards 2020. Group chief executive officer (CEO) Joey Ghose won CEO of the Year at both the Oman and GCC awards. In the former, the company also won Best Use of Technology in the Workplace, Promoting Health in the Workplace and Training Provider of the Year. At the regional awards it won the Talent Management and Leaders of Tomorrow awards.

Acting deputy CEO Salim bin Ahmed bin Alawi Al Ibrahim said, “We operate beyond Oman - in the UAE through our subsidiary Pioneer Cement Company, in Yemen through associates and in East Africa through trading offices as well as new investments. We have also invested in Georgia and have recently acquired a terminal in the Maldives too. We will be expanding further and will be present in different parts of the world supporting infrastructure development in various geographies with Omani clinker and cement. Last year RCC acquired Sohar Cement Company and we believe that our success lies in our highly motivated, skilled and trained employees who deliver the best quality we are known for.”