Oman’s largest cement manufacturer Raysut Cement Company (RCC) has announced that the $30 million worth Duqm grinding plant in Sultanate would begin operations in the fourth quarter of 2021.
According to the statement, the Duqm plant will increase RCC’s annual group output to 7.4 million tons and assist the Muscat Stock Market-listed company to expand output to 10 million tons by 2022. The Duqm plant is also a crucial initiative for RCC to scale up its output to 22 million tons in the near future.
Mr. Joey Ghose, Group CEO of RCC said, “Duqm plant will add another 1 million tons to our capacity, helping us cater to Oman and other regional markets with increased supplies, where construction activity is poised to pick up in post-pandemic resurgence.”
“The Duqm grinding unit’s construction has been progressing despite the COVID-19 pandemic situation, thanks to the prudent safety and health protocols in place. This has been a challenging year for manufacturing industries in general, but RCC has been able to negotiate the hurdles with effective planning focusing on health and safety. Furthermore, RCC’s capacity expansion will help create employment opportunities for Omani nationals, leading to social and economic progress.”
RCC has signed a land lease and a Port of Terminal services agreement with Port of Duqm Company, as part of the development of the Duqm plant. The new grinding unit will also complement RCC’s expansion and new investments and acquisitions in Oman, Asia, and East Africa.
Last year, RCC had acquired Sohar Cement Company in Oman for $60 million. “It is also developing a new greenfield 1.2 million tons per annum cement plant near Tbilisi, Georgia, at an investment of $200 million,” as per the reports.