Cement News tagged under: Oman
Raysut sales ease in first nine months, Oman12 November 2013, Published under Cement NewsRaysut Cement, the leading cement producer in Oman, reported a rise in pretax profit for the first nine months of 2013, but sales eased due in part to competition from neighbouring UAE. During the Jan-September 2013 period the company reported a 12.6 per cent YoY rise in net profit before tax of OMR21.52m (US$55.9m). Revenue was down slightly to OMR70.18m compared to OMR70.35m in the same period of the year. The company said that competition from the UAE is likely to continue, putting pres... |
Raysut to begin construction of new terminal by year-end, Oman10 October 2013, Published under Cement NewsConstruction of Raysut Cement's terminal at the Duqm Port, Oman, will begin by the end of this year, local press have reported. The new cement terminal will bolster the import of bulk cement in the country. Construction of the facility is expected to take one year. The Port of Duqm authorities are negotiating with several companies for the export of minerals such as limestone. |
FLSmidth to supply new Oman Cement mill03 October 2013, Published under Cement NewsOman Cement Company has decided to award the contract for supply and installation of a new cement mill with capacity of 150tph to FLSmidth Pvt Ltd. The company has issued Letter of Intent in this regard and the detailed contract will be finalised soon. Jamal Shamis Al Hooti, Oman Cement's CEO, reports that the project on the Kiln No 1 upgrade is in progress and the kiln is now under shutdown to achieve the higher level of production and better pollution control. The kiln is expected to sta... |
Oman Cement output declines on mill setback02 August 2013, Published under Cement NewsOman Cement posted a 3.1 per cent rise in net profit for the first half of 2013 to OMR9.3m (US$24.2m) compared to OMR9m in the same period a year ago. Sales and output, however, fell partly due to the shutdown of one of its mills due to technical problems. The company produced 1.06Mt in the first half compared to 1.12Mt, 5.23 per cent. Total sales fell 2.6 per cent to OMR27.33m from OMR28.06m a year earlier. One of the company’s 150tph mills was shut for over a month but operations resumed ... |
Oman Cement mill grinds to a halt12 June 2013, Published under Cement NewsOman Cement Company has announced that one of its mills with a capacity to grind 150tph has developed a major technical fault and has had to be closed down. As a result of the outage, the company said that production could drop by as much as 360,000t between June and September if it has to wait for the replacement part. In a statement to the Muscat Securities Market, the firm said that an inspection by a technical expert from the mill's equipment manufacturer stated that the required spare ... |
Raysut Cement board approves US$24m investment plan06 June 2013, Published under Cement NewsThe board of directors of Raysut Cement, Oman, has approved investments in four projects totalling US$24m in markets where the company is already present as well as new venture in Somalia. The projects include a cement terminal in Duqm port, Oman, which will also see the construction of two silos with a capacity of 4000t. The Duqm project is set to start operations in the second half of 2014. The company is also constructing a similar terminal at Somalia's Berbera Port which is a joint... |
OCC confirms imported cement quality probe, Oman24 May 2013, Published under Cement NewsOman Cement Company (OCC) has confirmed that the country's Public Authority for Consumer Protection (PACP) has initiated an investigation on the quality of 30,000t of cement imported by the sultanate's second-largest producer. In a filing to the Muscat Securities Market (MSM) on Wednesday, the company said that a team from the PACP visited its premises to inspect the cement it imported and purchased locally and blended with its own cement. According to the OCC filing: "The [PACP] team co... |
Raysut Cement to construct terminal in Port of Duqm, Oman01 May 2013, Published under Cement NewsOman’s leading cement producer, Raysut Cement Company (RCC), is planning to construct a cement terminal at Duqm port as well as develop limestone mines in Duqm. Mohammed Ahmed Al Dheeb, Group chief executive officer of RCC, told delegates during a seminar on ‘GCC Investment Prospects at Duqm Special Ecnomic Zone,’ that the terminal will be completed within 10 months of signing a lease agreement with the Special Economic Zone Authority at Duqm. The Times of Oman quoted him as saying: ... |
Oman Cement Company's net profit boosted by higher demand30 April 2013, Published under Cement NewsOman Cement Company (OCC) achieved a 34.89 per cent advance in net profit as growth in government spending for infrastructure projects drives cement demand. The Sultanate's second-largest cement producer said net income rose to OMR6.94m (US$18m) for the first quarter of 2013. Sales revenue also rose 12.07 per cent to OMR15.65m from OMR13.96m a year earlier. Production soared by 17.24 per cent to 637,269t for the first three months of 2013, from 543,544t for the same period last year. Cl... |
Raysut Cement’s 2012 net profit rises 64.1%, Oman18 February 2013, Published under Cement NewsRaysut Cement, Oman’s largest cement producer, reported a 64.1 per cent YoY growth in net profit for 2012 and revenues also increase fuelled by increasing demand. Net profit for the 12 months to the end of December 2012 reached OMR24.5m (US$63.6m) against OMR14.95m reported in 2011 as RCC booked an investment gain of OMR1.36m. Revenues also rose 10.7 per cent to OMR92.8m from OMR83.81m in the same period of last year. Oman’s cement sector, which was earlier facing problems because of t... |