Raysut Cement expansion: signs land lease and port terminal services agreements for grinding unit in Oman

摘要

Raysut Cement Company, one of Oman's largest cement manufacturers, has signed a land lease agreement and port of terminal services agreement with the Port of Duqm Company SAOC for building a new grinding unit in Oman at an investment of US$ 30 million. The Duqm plant is being set up as part of the company's aggressive expansion strategy in the local and regional markets. Both agreements were signed by Joey Ghose, Raysut Cement Company Chief Executive and Reggy Vermeulen, CEO of Port of Duqm Company. In a statement which follows a regulatory filing on the Muscat Securities Market (MSM) by the listed company, Raysut said that once completed, the new grinding unit will add another 1 million t to its current capacity with the annual output reaching 7.4 million t.