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Raysut Cement’s Somaliland terminal progress on track

MUSCAT, May 5, 2016

Oman’s Raysut Cement, a leading cement producer, revealed that its project with Barwaaqo Cement Company in Berbera, Somaliland is progressing well, a report said.

Raysut Cement Company had signed a joint venture agreement with the Barwaaqo Cement Company in September 2014 for building a terminal for packing and distribution of bagged and bulk cement using the latest technologies, added the Times of Oman report.

The terminal will have a storage capacity of 12,000 tonnes and will be built with a capital expenditure of $7.5 million, according to information posted on the Muscat Securities Market website in 2014.

The project will also help in the company’s geographical expansion and boost exports and to diversify the sources of income for the company as the largest cement producer company in the sultanate.

Raysut Cement is also planning to install a 150 tonnes per hour rotary packing machine with an auto truck-loader, with an additional attachment for a palletised sling bag at the Raysut plant to provide larger and faster capability of packing cement in bags, according to the company’s first quarter financial statement, added the report.




Tags: | Terminal | Raysut Cement | Somaliland |

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