Displaying items by tag: Oman
Raysut Cement and Barwaaquo to build a cement terminal in Somaliland
17 September 2014Somaliland: Oman's Raysut Cement Co has signed a joint venture agreement with Barwaaquo Cement Co to build a terminal at Berbera port in Somaliland for the packaging and distribution of cement. Salim bin Alawi bin Mohammed Baabood, Raysut Cement's CEO, signed the agreement with Ismail Saeed Hussain, chairman of Barwaaquo Cement.
"Pursuant to this agreement a terminal shall be constructed for the packaging and distribution of bagged and bulk cement using the latest technology at Berbera Port with a storage capacity of 12,000t," said Baabood. He added that the total investment cost of the project is about US$7.5m.
Raysut profit rises 6.7% in first half of 2014
03 September 2014Oman: Raysut Cement Group has seen pre-tax profits for the first half of 2014 rise by 6.7% to US$46m compared with the same period of 2013, according to local media. Demand from the UAE and fierce competition among Omani manufacturers were the main features of the first half, according to Raysut Cement Company's chairman Sheikh Ahmed bin Alawi Al Ibrahim. "Given this background, the company has met with the challenges effectively by holding on to its sales and enlarging the profit for the group as a whole by optimising sales in varied markets," Al Ibrahim added.
Oman: Raysut Cement has warned that the large volume of cement from the UAE to Oman is creating 'undue competition' in the local market. It has reacted to this by maintaining sales locally, increasing its profit and increasing its own exports in Yemen and Africa. The company made the announcement as part of its half-year results for 2014.
The group reported revenues of US$129m for the first half of 2014, no change in comparison to the same period in 2013. Profit before tax rose by 6.7% year-on-year to US$45m.
The group sold 1.3Mt of cement and 17,400t of clinker in the first half a 2014, a decrease of 3% year-on-year compared to total sales of cement and clinker. In the first half of 2013 the group sold 1.32Mt of cement and 27,900t of clinker. The group attributed the decline to 'severe' competition from UAE suppliers in the north of Oman. It compensated for this with increased sales in the south of the country and larger export volumes.
The Oman-based cement producer also announced new projects it is working on, including setting up a distribution terminal in Duqm, additional silo capacity at the Salalah plant and an off-shore wheel loader system to facilitate bulk cement handling.
Oman: Carmeuse, a specialist company in the production of lime and lime-related products, said that it is on course to bring part of its lime-calcining plant in Oman's Dhofar Governorate into operation during the second half of 2014.
Carmeuse Majan LLC, a joint venture company led by Belgium-based Carmeuse Holding SA, is setting up the project in the Salalah Free Zone with an investment of around US$180m. A total of eight kilns, each with a lime capacity of 125,000t/yr, are envisioned as part of the project. Development of the plant is planned in phases, with initial production planned for the second half of 2014.
The plant's output is primarily targeted at India, where demand for lime products is rising sharply. The Gulf region is also seen as a promising market for Carmeuse's products. Dhofar's relative proximity to the Indian subcontinent and Middle Eastern markets, coupled with the presence of a deepwater port in Salalah, are key factors underlying Carmeuse's decision to invest in the Sultanate.
The lime-calcining venture is expected to contribute to a further spurt in general cargo volumes handled by the Port of Salalah. Mineral exports have continued to fuel the growth of general cargo volumes, which soared to a record 7.94Mt at the end of 2013, up by 9.5% from the previous year's volume of 7.25Mt. Exports of limestone and gypsum accounted for much of this growth, although significant volumes of cement, fuel and methanol were also handled. A new General Cargo Terminal is under construction at the logistics hub to cater to the steady growth in mineral products and other bulk commodities.
Raysut Cement appoints new CEO
04 June 2014Oman: Raysut Cement has appointed Salem Alawi Mohammed Baabood as chief executive, the company announced in a bourse statement. The cement producer is the largest company by market value in Oman with a cement production capacity of 3Mt/yr at its Salalah plant.
Cargotec to supply cement-handling equipment for Raysut Cement
22 January 2014Oman: Finnish handling system provider Cargotec Oyj has won a contract to deliver a Siwertell unloading and conveying system for Raysut Cement at Duqm and Sohar ports.
The order includes a road-mobile Siwertell 10 000 S unloader unit and a road-mobile Siwertell PumpMaster blow pump conveying unit and it also covers commissioning, supervision and spare parts. The combination of screw type unloader and blow pump conveyor provides low energy consumption of mechanical unloading due to pneumatic conveying.
The system has a conveying capacity of 300t/hr. "This is a particularly high value, considering that the distance from the unloader and blow pump unit to the silo top is 270m with an elevation of 40m," commented Peter Göransson, Siwertell Sales Manager.
In June 2013, Raysut Cement approved four expansion projects worth a total US$24m. One of these entails the construction of a cement terminal at Duqm Port, including two silos with a capacity of 4000t. The terminal is set to become operational in the second half of 2014. Another project envisages the establishment of a cement terminal at Somalia's Berbera Port, as a joint venture with an unnamed local partner. The facility will have three silos, each with a capacity of 4000t.
FLSmidth wins cement order in Oman
16 January 2014Oman: FLSmidth has received an order worth US$38m from Oman Cement Company for the supply of milling equipment for a cement plant located in Rusayl Industrial Area, 60km from Port Sultan Qaboos, Muscat.
The order includes a 150t/hr closed circuit ball mill system that consists of two 8000t capacity cement silos. The scope of supply also includes a high-efficiency central drive for the ball mill and a dynamic separator and fabric filters to reduce dust emissions.
"Infrastructure growth in Oman has created a huge demand for cement. Oman Cement Company are already upgrading their existing production lines and now want to set up a fifth cement grinding unit. FLSmidth has a strong service capability and presence in the Gulf Cooperation Council (GCC) countries and therefore has good relations with the company," said group executive vice president Bjarne Moltke Hansen.
The order will be booked by the Cement division and contribute to FLSmidth's earnings until mid-2015.
UAE cement producers defend exports to Oman
08 January 2014UAE: Cement producers in United Arab Emirates (UAE) have defended their right to export to Oman amidst calls for curbs on imports. Raysut Cement, Oman's largest cement producer, has asked the Government of Oman to implement a ceiling on UAE imports, according to local media. However, UAE producers deny that they are flooding the Oman market.
"There's a shortage and we are covering that shortage," said Suliman Ali Abdullah Al Shehi, a sales manager at Gulf Cement. Raysut Cement has said that the market only needs 1Mt/yr of cement but that UAE producers are exporting 2.5Mt/yr. However UAE producer Fujairah Cement has estimated demand at nearly 3Mt/yr.
Raysut Cement has requested the government in Oman to cap UAE cement imports and to limit the load on each lorry crossing the border from the UAE. The UAE produces over 24Mt/yr according to the Ministry of Economy. Nearly 60% of the total cement production is exported to neighbouring countries in the region.
Oman Cement to award new mill contract to FLSmidth
03 October 2013Oman: Oman Cement has disclosed that it intends to award the contract for supply and installation of a new 150t/hr cement mill to FLSmidth. FLSmidth separately confirmed that a letter of intent had been signed by Oman Cement, although final negotiations remain to be completed. No price for the contract has been released.
Other announcements from the Oman-based cement producer include an upgrade of kiln 1 to increase production and improve pollution control. Oman cement also plans similar pollution control improvements to kiln 2 with the aid of a consultant.
Raysut making moves in Somalia, Yemen and UAE
01 July 2013Oman: The board of directors at Oman's Raysut Cement has announced that it will give the green light to the firm's plans for a series of expansion moves, both at home and abroad. As part of the plan, the country's largest cement manufacturer will establish modern state‐of‐the‐art Cement Terminal inside Oman's Duqm Port for storing, packing and distribution of cement. The facilities will include two silos, each with a capacity of 4000t. The port plan is expected to commence operation in the second half of 2014.
The Raysut board has also given approval for the establishment of a modern state‐of‐the‐art cement terminal at Berbera Port in Somalia. The construction, to be undertaken as a joint venture with local partners, will see storage, packing and distribution of cement from three 4000t silos.
Additionally, the board approved the establishment of a grinding plant in Mukulla, Yemen through its sister company Mukulla Raysut. Another joint venture with a local partner, the Yemen grinding plant will have a capacity of 0.5Mt/yr and will pack cement for the Yemeni market.
Finally, Raysut is planning to improve its Pioneer Cement Industries plant in the United Arab Emirates. The expansion will see the installation of an additional cement silo, a cooling system upgrade and the installation of environmental abatement systems.
"This development and expansion will have positive impact on the performance results and profitability of the company in the future," said Raysut in a statement.