Powtech - 9 - 11.4.2019 Nuremberg, Germany - Ticket Shop
Powtech - 9 - 11.4.2019 Nuremberg, Germany - Ticket Shop
Global Cement
Get More Out Of Your Plant With KHD Leadership - KHD
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Video
  • Knowledge Base
  • Services
  • Login
  • Advertise
  • Jobs
  • Privacy & Cookie Policy
  • About
  • Contact
News Raysut Cement preparing to invest US$700m in India

Raysut Cement preparing to invest US$700m in India

Written by Global Cement staff
04 December 2018
  • Print
  • Email

India: Oman’s Raysut Cement plans to invest around US$700m in India by 2022. Joey Ghose, the chief executive officer (CEO) of the company, said that about US$200m has been set aside to buy majority stakes in two local producers in early 2019, according to the Hindu newspaper. Raysut Cement wants to increase its total cement production capacity to 20Mt/yr. The investment will be funded by internal revenue and loans.

The cement producer is holding talks with companies in Chhattisgarh and the coastal region of Gujarat respectively. Each company has a production capacity of around 1.2Mt/yr. Raysut Cement also intends to invest up to US$500m in these companies following their acquisition by 2022, bringing their capacity up to 5Mt/yr.

Outside of India, Raysut Cement also says it is interested in buying a 70% stake in Kenya’s ARM Cement for US$100m. It is also in discussions to acquire buy cement producers in Uganda and Djibouti. It currently has projects in development in Somaliland and Somalia. The company also holds a majority stake in Pioneer Cement Industries Georgia.

Last modified on 05 December 2018
Published in Global Cement News
Tagged under
  • India
  • Raysut Cement
  • Oman
  • Acquisition
  • Investment
  • Chhattisgarh
  • Gujarat
  • Kenya
  • ARM Cement
  • Uganda
  • Djibouti
  • Somalia
  • Somaliland
  • GCW382

Related items

  • Bimlendra Jha appointed head of Ambuja Cement
  • JSW Cement to invest over US$275m to meet 20Mt/yr capacity target by 2020
  • Indian cement importers cancel orders from Pakistan
  • Ambuja Cement fights energy cost inflation in 2018
  • ARM offers considered until 28 February 2019

13th Global CemFuels Conference & Exhibition 2019

Global CemFuels Conference 201920 - 21 February 2019
Amsterdam, Netherlands

Including confirmed visits to N+P's SubCoal fuel preparation plant (19 February) and HeidelbergCement's CBR Lixhe plant on 22 February

The 13th Global CemFuels Conference & Exhibition on alternative fuels for the cement and lime industries will showcase the best alternative fuels projects and equipment from the cement industry in Europe and from around the world. Over 150 delegates are expected to attend, to learn from experts how to start to use - or to increase their use of - alternative fuels.

Find out more >

“Loesche
Hoffmeier Industrieanlagen - 45 years of experience in service
Global Cement Weekly Sign up
Global Cement LinkedIn
Global Cement Twitter
Acquisition Cemex China Dangote Cement Egypt Export Germany Government grinding plant HeidelbergCement Holcim Import India Indonesia Lafarge LafargeHolcim Legal Nigeria Order Pakistan Philippines Plant Production Results Russia Sales UK Upgrade US Vietnam
« February 2019 »
Mon Tue Wed Thu Fri Sat Sun
        1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28      
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Video
  • Knowledge Base
  • Services
  • Login
  • Advertise
  • Jobs
  • Privacy & Cookie Policy
  • About
  • Contact
  • Conferences >>
  • Global CemBoards
  • Global CemFuels
  • Global CemProcess
  • Global FutureCem
  • Global Gypsum
  • Global GypSupply
  • Global Insulation
  • Global Slag
  • Global Synthetic Gypsum
  • Global Well Cem
  • Magazine >>
  • Latest issue
  • Articles
  • Editorial programme
  • Contributors
  • Link
  • Awards
  • Back issues
  • Subscribe
  • Photography
  • Register for free copies
  • The Last Word
  • Websites >>
  • Global Gypsum
  • Global Slag
  • Global CemFuels
  • Global Insulation
  • Pro Global Media
  • Social >>
  • LinkedIn
  • Twitter

© 2019 Pro Global Media Ltd. All rights reserved