Oman: Raysut Cement set to build plant in Georgia
Raysut Cement Company, the largest producer of cement in Oman, has approved an initial study to consider building a 1Mt/yr cement plant in Georgia.
Joey Ghose, CEO of Raysut Cement Company, announced that the board of directors has approved initial research to be carried out for the establishment of a one million ton per annum integrated cement plant in Georgia.
The company, through its 2nd tier subsidiary Pioneer Cement Industries Georgia Limited, owns a mine with over 30 million tons of Limestone reserves some 60km away from the capital city, Tbilisi.
Ghose said: “This new investment fits well into Raysut Cement’s five-year strategy of growing into a 20 million ton cement company by 2022. A final decision to be taken latest by June this year. Discussions have also commenced with possible partners for both equity participation and EPC contracting.”
Raysut Cement Company is strategically located in Salalah, Oman, with a customer base across Oman, Yemen, Somalia, Mauritius, Qatar, Iraq, Tanzania, Sudan, and beyond. The company’s network includes five storage and packing terminals.
Raysut Cement Company expanded its production bases to Ras Al Khaimah in the UAE through 100% acquisition of Pioneer Cement Industries, an integrated cement and clinker grinding plant, in 2011.