Oman’s Raysut Cement acquires 75% of LafargeHolcim’s terminal at Thilafushi Island
MUSCAT, OMAN: Oman’s largest cement manufacturer, Raysut Cement Company (RCC), said it has closed the deal of acquiring 75 percent of LafargeHolcim’s cement terminal at Thilafushi Island in Maldives, and a new joint venture – Raysut Maldives Cement Pvt. Ltd. – has been formed. The new entity with State Trading Organization (STO) of Maldives owning…