Raysut Cement

[3] The company's CEO Joey Ghose has expressed in 2018 the desire to expand globally through a debt heavy strategy of bank loans.

In an interview with the Hindu Business Line in December 2018, Ghose claimed to have earmarked $200 million for 2 acquisitions in India that would be completed by the first quarter of 2019.

The joint venture Al Wusta Cement is experiencing delays with a January 2019 media report describing the project as "slow to be implemented".

[5] In May 2018, a cement carrier of the company, the MV Raysut II, grounded on Fazayah Beach in May 2018, exposing several endangered species of sea turtle that nested at the location to harm.

The vessel at the time was carrying 6750t of cement and could not be refloated so it was declared a constructive total loss.