Displaying items by tag: MSG Group

Somaliland: MSG Group of Companies through its DIFC Dubai based subsidiary company Horn Holding Group ltd (HHG) has signed an agreement with Bedeschi SPA Italy for the construction of phase 1 of a full cement plant in Berbera, Somaliland. Phase 1, a grinding unit, will take about 18 months and will have production capacity of 0.7Mt/yr. The project has also achieved financing from reputed Italian Financial Institutions. The complete full plant project shall take three years to complete with a production capacity of 1.2Mt/yr of cement and 1.0Mt/yr of clinker.

This article replaces an earlier version that erroneously stated that Raysut Cement was also involved in the project. MSG Group and Global Cement would like to make it clear that MSG Group is the 100% owner of this project.

Somaliland: Oman’s Raysut Cement has agreed to build a 1Mt/yr grinding plant with MSG Group. The project will have an investment of US$40m. Raysut Cement will own 55% of the joint venture with MSG Group holding the remainder. Raysut Cement previously had plans to build a cement terminal in the country with Barwaaqo Cement Company.