Oman-based Raysut Cement Company is mulling plans to build a 1 million ton per year cement plant in Georgia.
The Board of Directors has approved initial research to be carried out for the facility, which is part of Raysut Cement’s five-year strategy of growing into a 20 million ton cement company by the year 2022.
A final decision is expected to be taken by June this year, CEO Joey Ghose said in a company statement.
Discussions have also commenced with possible partners for both equity participation and EPC contracting.
Through its 2nd tier subsidiary Pioneer Cement Industries Georgia Limited, the company owns a mine with over 30 million tons of limestone reserves situated 60 km from the capital city Tiblisi.