Latest news with #AlDhamri
Observer
4 days ago
- Business
- Observer
Raysut Cement reports strong H1, global gains
MUSCAT, JULY 19 Raysut Cement Company (RCC) Group, Oman's largest cement producer, has reported a significant financial turnaround in the first half of 2025, marking a major step in its transformation into a resilient and forward-looking industry leader. The Group's consolidated revenue rose by 30.8% to RO 41.3 million, while net losses were reduced by 38% compared to the same period in 2024. This performance reflects a successful strategy implemented across its operations, including key contributions from its UAE-based subsidiary Pioneer Cement Industries and its growing presence in the Maldives. Pioneer Cement Industries (PCI), a wholly owned subsidiary of RCC in the UAE, has become a central pillar in the Group's recovery. PCI's capacity utilisation surged to 88% in the first half of the year, up from just 40% during the same period in 2024. This turnaround is attributed to improved operational discipline and a renewed commercial focus. PCI succeeded in attracting bulk cement customers in the UAE and increased its monthly sales by an average of 50,000 metric tonnes. It also developed premium clinker products with higher margins and introduced a smart pricing mechanism to enhance competitiveness. In an interview with the Observer, Acting CEO Dr Hilal Saif al Dhamri highlighted the importance of these strategic gains. 'Pioneer Cement's recovery is a textbook example of how operational excellence and smart market positioning can deliver real results,' he said. 'We have restored its reputation and repositioned it as a high-performing, quality-driven asset within our Group.' RCC's strategic expansion into the Maldives has also paid dividends. Its 75%-owned subsidiary, Maldives Raysut Cement Company, has become a preferred supplier for major infrastructure projects in the island nation. The Group now holds a 35% share of total cement imports to the Maldives. Despite logistical hurdles typical of island markets, the company introduced efficient distribution models and launched specialised marine-grade cement to meet coastal construction demands. Dr Hilal Saif al Dhamri, Acting CEO of Raysut Cement Company 'The Maldives is a key part of our international growth strategy,' Dr Al Dhamri added. 'We've established ourselves as a reliable partner for national development projects, and our localised approach is helping us build long-term customer trust.' On the sustainability front, RCC is setting new benchmarks at its flagship Salalah plant. The company is implementing a Waste Heat Recovery System that will generate 9MW of clean electricity annually, cutting CO₂ emissions by an estimated 50,000 tonnes per year and saving around RO 1.5 million in energy costs. Alongside this, a Refuse-Derived Fuel (RDF) project is being rolled out to process about 700 tonnes of municipal waste per day into alternative fuel, replacing 15% of the plant's natural gas consumption. These initiatives support Oman's environmental goals and demonstrate the financial viability of green technology in heavy industry. At the Sohar Cement Factory, monthly sales increased by 32,000 metric tonnes, contributing to stronger Group-wide performance. Strategic price optimisation in export markets has also helped bolster revenues and create a more sustainable business model. With these achievements, RCC is entering a new phase of sustained growth under Dr Al Dhamri's leadership. 'We've laid a strong foundation by revitalising our core operations, expanding internationally, and leading on sustainability,' he noted. 'Our focus now is to accelerate our momentum and secure our position as a regional industry leader.' As 2025 progresses, Raysut Cement stands as a model of industrial transformation—one that combines operational discipline, market diversification, and environmental responsibility to drive long-term value for Oman's cement sector and the wider region.
Zawya
28-04-2025
- Business
- Zawya
Oman: Raysut Cement rekindles green energy deal with Chinese firm
MUSCAT: In a development poised to redefine Oman's approach to industrial energy efficiency, Raysut Cement Company is reactivating a strategic partnership with China's SINOMA Overseas Development Co, Ltd to launch the Sultanate of Oman's first waste heat recovery (WHR) power plant. The facility will harness thermal emissions from cement kilns to generate clean electricity — a model project aligning with global decarbonisation trends. The news surfaced directly from Raysut Cement CEO Eng Hilal al Dhamri, who confirmed a successful high-level meeting with SINOMA Overseas in Dubai. Discussions centred on moving forward with a long-stalled green energy initiative at Raysut's flagship plant in Salalah. 'Dhofar will host the first station of its kind in Oman,' said Al Dhamri in a post on social media, adding that the project will operate on heat discharged from cement production kilns. The groundwork for the WHR project was originally laid in 2018, when Raysut Cement and SINOMA Overseas Development Co, Ltd signed a memorandum to develop a 9-megawatt power facility. The system, once operational, is expected to cut the plant's reliance on grid power by up to 30 per cent and reduce CO₂ emissions by more than 50,000 tonnes annually. This revival arrives at a critical juncture. Oman is ramping up sustainability commitments under Oman Vision 2040 and its net-zero road map for 2050. Waste heat recovery is a proven industrial decarbonisation tool, already deployed across major cement markets like China and India. The Raysut–SINOMA project is expected to be a regional first, offering a replicable model for industrial-scale energy reuse in the Gulf. With environmental, social and governance (ESG) criteria gaining prominence across global capital markets, Raysut Cement's move could strengthen its sustainability credentials and attract future green investment. Moreover, SINOMA Overseas Development — an internationally renowned engineering firm under the China National Building Material Group (CNBM) — brings to the table extensive experience in delivering turnkey WHR projects worldwide. Its involvement signals technical credibility and enhances the project's feasibility. No official commissioning timeline has been released, but engineering design and site preparations are expected to be revisited before the end of 2025. The Salalah plant, one of Oman's largest cement production hubs, is already primed for the system's integration. When completed, the WHR facility will not only mark a first for Oman but serve as a blueprint for the region's low-carbon manufacturing future. 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
Observer
25-04-2025
- Business
- Observer
Raysut Cement rekindles green energy deal with Chinese firm
MUSCAT, APRIL 25 In a development poised to redefine Oman's approach to industrial energy efficiency, Raysut Cement Company is reactivating a strategic partnership with China's SINOMA Overseas Development Co, Ltd to launch the Sultanate of Oman's first waste heat recovery (WHR) power plant. The facility will harness thermal emissions from cement kilns to generate clean electricity — a model project aligning with global decarbonisation trends. The news surfaced directly from Raysut Cement CEO Eng Hilal al Dhamri, who confirmed a successful high-level meeting with SINOMA Overseas in Dubai. Discussions centred on moving forward with a long-stalled green energy initiative at Raysut's flagship plant in Salalah. 'Dhofar will host the first station of its kind in Oman,' said Al Dhamri in a post on social media, adding that the project will operate on heat discharged from cement production kilns. The groundwork for the WHR project was originally laid in 2018, when Raysut Cement and SINOMA Overseas Development Co, Ltd signed a memorandum to develop a 9-megawatt power facility. The system, once operational, is expected to cut the plant's reliance on grid power by up to 30 per cent and reduce CO₂ emissions by more than 50,000 tonnes annually. This revival arrives at a critical juncture. Oman is ramping up sustainability commitments under Oman Vision 2040 and its net-zero road map for 2050. Waste heat recovery is a proven industrial decarbonisation tool, already deployed across major cement markets like China and India. The Raysut–SINOMA project is expected to be a regional first, offering a replicable model for industrial-scale energy reuse in the Gulf. With environmental, social and governance (ESG) criteria gaining prominence across global capital markets, Raysut Cement's move could strengthen its sustainability credentials and attract future green investment. Moreover, SINOMA Overseas Development — an internationally renowned engineering firm under the China National Building Material Group (CNBM) — brings to the table extensive experience in delivering turnkey WHR projects worldwide. Its involvement signals technical credibility and enhances the project's feasibility. No official commissioning timeline has been released, but engineering design and site preparations are expected to be revisited before the end of 2025. The Salalah plant, one of Oman's largest cement production hubs, is already primed for the system's integration. When completed, the WHR facility will not only mark a first for Oman but serve as a blueprint for the region's low-carbon manufacturing future.
