Raysut Cement Company (RCC), Oman’s largest cement manufacturer with a global footprint, has said that its $30 million Duqm grinding unit in Oman will be on stream in Q4 2021.
In a statement, RCC said that the Duqm plant will raise the annual group output to 7.4 million tonnes, and help the Muscat Stock Market-listed company raise output to 10 million tonnes by 2022.
“Duqm plant will add another 1 million tonnes 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,” said Joey Ghose, Group CEO, RCC.
Yousef Ahmed Alawi Alibrahim, Chief of Support Services and Business Development, RCC, added that 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,” he said.
The Duqm plant is also a milestone project for RCC to scale up its output to 22 million tonnes in the near future, he added.
Alibrahim pointed out that RCC’s capacity expansion will help create employment opportunities for Omani nationals, leading to social and economic progress.
As part of developing the Duqm plant, RCC had signed a land lease and Port of Terminal services agreement with Port of Duqm Company SAOC. The new grinding unit will also complement RCC’s expansion and new investments and acquisitions in Oman, Asia and East Africa, the statement continued.
Last year, RCC acquired Sohar Cement Company SAOG in Oman in a $60 million deal. It is also developing a new green field 1.2 million tonnes per annum cement plant near Tbilisi, Georgia, at an investment of $200 million. A majority takeover of LafargeHolcim’s cement terminal at Thilafushi Islands in Maldives and an investment of $40 million in a grinding unit in Berbera, Somaliland, are amongst its other projects.
