Plant to add another one million tonnes to the Group output
Oman’s Raysut Cement Company (RCC), the Sultanate’s largest cement manufacturer held a groundbreaking ceremony triggering the start of the construction of its new US$ 30mn grinding unit in Duqm in Oman.
The development of Duqm plant, a strategic expansion for the Muscat Stock Market-listed RCC will complement the company’s leadership in cement manufacturing adding another one million tonnes to the group output, taking the total to 7.4mn tonnes per annum.
“The groundbreaking is a milestone for RCC. It will contribute significantly to our ambitious capacity expansion targets of 10mn tonnes by 2022, expected to be further scaled up to 22mn tonnes in the near future,” remarked Joey Ghose, Group CEO, RCC.
“The new grinding unit will add more muscle to our capability to cater to the regional and global markets of RCC which continues to expand with new investments and acquisitions in Oman, Asia and East Africa,” commented Salim Bin Ahmed Bin Alawi Al Ibrahim, Acting Deputy Group CEO.
RCC’s latest acquisition was a majority takeover of LafargeHolcim’s cement terminal at Thilafushi Islands in Maldives in October this year. Last year, the company had also announced investing US$ 40mn in a new grinding unit in Berbera, Somaliland, in East Africa.
