Raysut Maldives Cement JV Formed; Acquisition of LafargeHolcim Stake Completed

Omans largest cement manufacturer, Raysut Cement Company (RCC), said it has closed the deal of acquiring 75 per cent of LafargeHolcims cement terminal at Thilafushi Island in Maldives, and a new joint venture - Raysut Maldives Cement Pvt.