Raysut Cement acquires 75% stake in LafargeHolcim Maldives terminal

Raysut Cement acquired a 75% stake in LafargeHolcim's cement terminal at Thilafushi Island, Maldives, forming a joint venture with STO Maldives. The terminal capacity will be expanded from 75,000 tpa to over 200,000 tpa.

“Oman’s Raysut Cement Co has announced that its has acquired a 75 per cent stake in LafargeHolcim’s cement terminal at Thilafushi Island in the Maldives.”cemnet.com

• 2 sources
• cemnet.comRaysut Cement acquires 75% stake in Maldives terminalOct 14, 2020
• corporatemaldives.comCorporate Maldives - Raysut Maldives Cement Joint Venture Formed, Paving the Way for Self-Sufficiency in Local Cement MarketNov 22, 2020

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