Raysut Cement Company working on new projects
Oman-based, Raysut Cement Company (RCC) announced new projects it is working on, including setting up a distribution terminal in Duqm, additional silo capacity in the Salalah plant and off shore wheel loader system in the north to facilitate bulk cement handling. The work is in progressive stage for some of these projects and the company would reap benefits from these in the early part of next year, Times of Oman reported. Raysut is also exploring ways to spread its marketing potential beyond the Oman market, the company said in its first half of the year results. Profit before tax for the group during the first half of 2014 stood at OR17.48m against OR16.38m earned in the corresponding period of previous year, an increase of about 6.7%. Profit before tax earned by the parent company in Oman for the period ended June 30, 2014, stood at OR15.17m. Profit earned by subsidiaries like Pioneer stood at OR2.85m and Raybulk at OR0.46m.