Grinding unit deal part of aggressive expansion: Raysut Cement
A deal for a new grinding unit by Raysut Cement at Port of Duqm is a step in Raysut's aggressive expansion plans that aims to establish Oman in the international market, according to Raysut Cement Group CEO Joey Ghose. The group CEO said that this was only the start, as the company had ambitious plans in the future to achieve OMR230mn as turnover by 2025. Raysut also plans to invest in India to the tune of USD700mn by 2022 - for which the company is eyeing taking over two existing cement plants at a cost of USD200mn, according to a statement by the company.
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