Oman's Raysut Cement to build $30m Duqm grinder
Omani cement manufacturer to build cement grinding unit following approval from board of directors
Oman-based cement manufacturer Raysut Cement Company is set to build a cement grinding unit in the sultanate’s Duqm port town at an estimated cost of $30m (OMR 11.5m).
According to a statement on Muscat Securities Market, the cement grinding unit will have a production capacity of one million tonnes per annum.
Works on the plant will start on 19 September, 2019, with Raysut Cement’s board of directors approving the facility's construction.
Raysut Cement Company has recently signed a $51m (OMR19.5m) deal with Bank Nizwa to fund its operations and expansion plans across the sultanate, which will involve the long-term financing of its facilities in Salalah, as well as the expansion of another site in Sohar.