Raysut Cement to look at 1Mta plant in Georgia

Oman’s Raysut Cement Co is planning to carry out an initial study for a 1Mta plant in Georgia, according to Muscat Daily. The company’s subsidiary, Pioneer Cement Industries Georgia Ltd, already owns a mine with over 30Mt of limestone reserves, located 60km from Tbilisi.

According to a disclosure filed to the Muscat Securities Market, Raysut Cement has begun discussions with possible partners for both equity participation and engineering, procurement and construction contracting. A decision on the project is expected to be made by June this year.

"This new investment fits well into Raysut Cement’s five-year strategy of growing into a 20Mt cement company by 2022", said the company.

This announcement follows the inauguration of its fully-automatic packing plant on Tuesday, which is expected to double packing and dispatch capacity.