• Home News Pioneer Cement of UAE to Develop US$200 Million Greenfield Cement Project in Georgia

Pioneer Cement of UAE to Develop US$200 Million Greenfield Cement Project in Georgia

Posted 18 Oct-2019 12:03 PM by Rasheed | 78


DUBAI, United Arab Emirates & TBILISI, Georgia & MUSCAT, Oman--(Press Release Power)--The UAE based Pioneer Cement Industries (“Pioneer Cement”), part of Oman built Raysut Cement Company SAOG (RCC) is in the course of scenery up a 1.2 m tonnes per annum bulk joined cement herbal in Georgia, Eastern Europe.

Pioneer Cement owns concession to limestone pits in Georgia that will provide the key raw materials to this project. Georgia provides Pioneer Cement an chance to diversify from the Middle East into a market with large set-up growing and lack of clinker and high-quality cement, the company said in a report.
The plant will be set near Tbilisi, adjacent to the mineral mines. The debt and equity preparations for the project are now being finalized and the building work in the project is slated to commence from Q4 2019.
The price of the plan is valued at $200 million.

“We have embarked on an violent and ambitious expansion strategy in the region with specific focus on Africa and neighboring regional countries, and in this context setting up Pioneer Cement Georgia is a important geographical change,” said RCC Group CEO Mr. Joey Ghose.

Talking about the project, B.S. Rajan General Boss Pioneer Cement said, "The Georgia expansion is a major milestone for Pioneer and its parent company Raysut, as it opens up a diverse market for us in terms of growth likely as well as new challenges. We are confident that this move will further strengthen and complement our aggressive expansion strategy in area and global souks and grow into a increase spouse in economies across a wide physical print."

The Georgia growth of Raysut comes close on the heels of the company’s statement of signing a land lease agreement and Port of Terminal facilities contract with Port of Duqm Company SAOC for building a new grinding unit in Oman at an investment of US$30 million. The Duqm plant is being set up as part of the company’s violent growth strategy in the local and area markets.

This year Raysut also joined hands with MSG Group in East Africa to set up a US$40 million cement oppressive unit in Berbera, Somaliland as well as acquired Sohar Cement Factory LLC at a value of US$60 million.


 
Contacts
Watermelon Communications
Rasheed Palliyalil, +97142833655

Source: https://www.businesswire.com/news/home/20191017005812/en/Pioneer-Cement-UAE-Develop-US200-Million-Greenfield


Company Information

Company Name Contact Person Contact Number Email Id Website
Raysut Cement Company Rasheed Palliyalil 97142833655 [email protected] https://www.aetoswire.com/news/9739/en

Latest News

Greensboro Carpet Cleaning Company Unveils New Website Design Excluive

Greensboro, North Carolina (pressreleasepower) November 14, 2019 - Safe-Dry Carpet Cleaning, a Greensboro, NC Carpet Cleaning Company recently unvei...Read More


PAN1762 Series of Bluetooth 5.0 RF Modules from Panasonic Featured in THE EDGE by Future Electronics Excluive

Montreal, Canada (pressreleasepower)  - Future Electronics, a global leading distributor of electronic components, is featuring the PAN1762 serie...Read More


Pet Alert USA Launches Mission Reunite To Bring Back Your Lost Pet Excluive

 Pets are our beloved companion, entertainer. In no time they become just like our family member without whom we can’t imagine our life. They...Read More


Global High Strength Corrugated Base Paper Market Trends, Demand and Competition to 2024 Excluive

A top research firm, Futuristic Reports included the latest industry report on 'Global High Strength Corrugated Base Paper Market' report provides ext...Read More


FH62 FPC Connector for Robotic Assembly from Hirose Featured in THE EDGE by Future Electronics Excluive

Montreal, Canada (pressreleasepower) - Future Electronics, a global leading distributor of electronic components, is featuring FPC connectors for robo...Read More


Global Metallurgy Service Market Size, Regional Outlook, Competitive Strategies and Forecast to 2024 Excluive

Global Metallurgy Service market 2019 report ease decision making on the grounds of historical and forecast data and also the drivers and restraints a...Read More


New Book Seeks to Change Education Technology Curriculum Development Framework Nationwide Excluive

Orange, California, United States., -- “What does all that mean?” For background, the SAMR model is an educational taxonomy that prescribes a meth...Read More


Panic Disorders Market Regulatory Impact Analysis by 2024 Excluive

Panic disorder is an intensive surge of fear and anxiety. It is recurrent, disabling and characterized by its unexpectedness and debilitating, immobil...Read More


Global Vegan Cosmetics Market Excluive

Global Vegan Cosmetics Market was valued US$12.9 Bn in 2017 and is expected to reach US$20.12 Bn by 2026, at a CAGR of 5.71 % during a forecast period...Read More


Global Calcium Propionate Market Excluive

Global Calcium Propionate Market was valued at US$ 264 Mn in 2017 and is expected to reach US$ 445 Mn by 2026, at a CAGR of 5.3 % during a foreca...Read More


Journal of Diversity and Equality in Health and Care Accomplished 16 Years Milestone of Research Publication Journey Thanks To Its Eminent Researchers Excluive

Journal of Diversity and Equality in Health and Care celebrates 16 years of its existence in the field of Health care publishing and research and e...Read More


Home Personal Training Service Instafitness Launches Operations in Pune Excluive

India’s leading online home personal training service expands operation in Pune. The company aims to bridge the gap between trainers and customers.I...Read More


Global Power Meters Market Provides Growth Forecast and Upcoming Trends Opportunities by Types, Development Factors to 2024 Excluive

Global Power Meters market 2019 report ease decision making on the grounds of historical and forecast data and also the drivers and restraints av...Read More


NASA Technology Partner, Rejuvel Bio-Sciences Announces Its Future Plans and Launch of New Website and Products Excluive

Pompano Beach, FL, Nov 06, 2019 -- Rejuvel Bio-Sciences, Inc. (OTC Markets (NUUU) and its subsidiary Zero Gravity Sciences, Inc., a joint venture with...Read More


Global Electric Balers Market - Global Trends, Industry Size, Growth, Opportunities, and Forecast to 2024 Excluive

Global Electric Balers market 2019 report ease decision making on the grounds of historical and forecast data and also the drivers and restraints...Read More


Virginia Wholesale Lumber Suppliers Educate On Fire Retardant Lumber Excluive

Springfield, Virginia (pressreleasepower) - Curtis Lumber & Plywood, a Virginia wholesale lumber supplier, recently released a blog informing read...Read More


Launching new minimum viable products for start ups. Excluive

CodeMischief, a Kerala-headquartered IT company with development centers in Mumbai and Pune, recently announced the launch of its proprietary, innovat...Read More


8 Tips to Make Your Wedding Planning Easier and More Delightful Excluive

Bangalore, India - A wedding planner can be an absolute lifesaver for busy couples, ensuring that the planning process and actual event run smoothly...Read More


Global Hydrophone Market Analysis by Trends, share, key players & Forecast to 2024 Excluive

Global Hydrophone market 2019 report ease decision making on the grounds of historical and forecast data and also the drivers and restraints avai...Read More


Northern VA Custom Auto Shop Releases Complete Truck Restoration Guide Excluive

Manassas, Virginia (pressreleasepower) Rob's Customs and Restorations, a Northern Virginia custom auto shop, recently released a blog on the complete ...Read More


Book Business Trips The Easiest Way Possible With Your Travel Corporate Excluive

Your Travel Corporate (Press Release Power) offers an exceptional company travel experience with their highest level of service and lowest possible ra...Read More


Recent Releases