Oct 22, 2020 The Zacks Building Products - Concrete & Aggregates industry has lagged the broader Zacks Construction sector as well as the Zacks S&P 500 …
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ny and Oman Cement Company, which each operate one plant. Oman Cement Company is in the process of being privatised and is now only 51 per cent government-owned. Both companies have been announcing regular bullish statements and both are talking about expanding their capaci-ties. The fi nal level of their expansion plans is uncertain as each ...
Dec 07, 2018 The Oman Cement market has been weak with Raysut Cement reporting 9M18 revenues of US$166.5m, down 17 per cent on the same period in 2017. The company has introduced waste tyre burning to reduce fuel costs and Sinoma has been contracted to build a 9MW waste heat recovery (WHR) plant to lower power costs by 30 per cent.
Nov 15, 2020 Raysut’s groundbreaking ceremony for US$30 million Duqm plant. (Photo: AETOSWire) 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 1 million tonnes to the group output, taking the total to 7.4 million tonnes per annum.
The largest producer of cement in Oman, Raysut Cement Company provides quality expertise, focus and resources across the Middle East, aiding in the development of the country. The brand embodies quality, reliability and safety. Raysut Cement Company is strategically located in Salalah, Oman, with a customer base across Oman, Yemen, Somalia ...
The company is investing more than $600 million dollars to design and build the new plant which will use less energy and operate more efficiently. Approximately 50 new full-time jobs will be created as the result of the new plant and more than 1,000 construction positions will be available during the approximate four-year project span.
Nov 16, 2020 Last May 2019, RCC acquired Sohar Cement Company SAOG in Oman at $60 million. RCC had also announced developing a new green field 1.2 million tonnes per annum cement plant near Tbilisi, Georgia in Eastern Europe, at an investment outlay of $200 million last October.
Nov 10, 2020 According to the statement, in May 2019, it acquired Sohar Cement Company in Oman for $60 million. As part of its global expansion plans, the company had announced in October 2019 that it would develop a green field 1.2 million tonnes per annum cement plant near Tbilisi , Georgia at an investment outlay of $200 million.
Sep 29, 2019 Ghose said the company was, so far in 2019, “looking at an investment of over $150m (OMR57.7m) in capacity expansion”, adding that its joint venture of Georgia was in “advanced stages”. Phase 2 of Raysut Cement’s expansion plan includes $700m (OMR269.5m) investments in India by 2022, with the firm already considering to spend $200m ...
Dec 20, 2019 National Cement to build new kiln at Ragland facility with $250M+ investment. RAGLAND, Alabama – The National Cement Co. of Alabama announced plans to invest more than $250 million to construct a new kiln at its Ragland production plant, ensuring the St. Clair County facility’s competitiveness for decades to come.
Mar 08, 2021 U.S. Concrete, Inc.: Based in Euless, TX, this company produces and sells ready-mixed concrete, aggregates, and concrete-related products and services to the construction industry in …
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Apr 11, 2019 UAE: A&K International Investment has divested itself of 29% of total shares from its stake in RAK Cement to an undisclosed buyer. RAK Cement’s profit fell by 79% year-on-year to US$0.39m in the first half of 2019 from US$1.88m. Its intended purchase of an integrated cement plant and quarry in the UAE was abandoned in September 2019.
TPCC held a 36% market share at the end of 2015, with 1.9m tonnes per annum (tpa) of production, followed by Tanga Cement, with 1.2m tpa. Recent Investment. Dangote’s new site represents the sector’s largest recent capacity boost, following the November 2015 inauguration of the $500m, 3m-tpa cement plant in Mtwara in the south-east.
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