About State trading organisation plc.
State Trading Organization plc. (STO) is a Maldivian trading company that has been in operation for over 50 years. With a workforce of over 2000 employees and a nation-wide presence, STO is the leading trading company in the Maldives.
The company was established in 1964 as a state-owned enterprise with the aim of providing essential goods and services to the people of Maldives. Over the years, STO has grown to become one of the largest companies in the country, with operations spanning across various sectors including fuel, food and beverage, pharmaceuticals, construction materials and more.
One of STO's core strengths is its extensive distribution network which covers all inhabited islands in Maldives. This allows them to reach even remote areas with their products and services. The company also operates several retail outlets across major cities in Maldives where customers can purchase their products directly.
STO's fuel division is one of its most important business units as it supplies fuel to almost all industries operating within Maldives including aviation, marine transport, power generation and more. The company operates several fuel storage facilities across different islands which ensures uninterrupted supply even during emergencies.
In addition to fuel, STO also provides other energy solutions such as solar panels for households and businesses looking to reduce their carbon footprint. Their renewable energy division offers customized solutions based on customer requirements.
STO's food and beverage division operates several restaurants across different islands offering both local and international cuisine. They also import various food items from around the world which are then distributed through their extensive network.
The pharmaceuticals division provides essential medicines to hospitals and clinics across Maldives ensuring that patients have access to quality healthcare at affordable prices. They also operate several pharmacies where customers can purchase medicines directly.
STO's construction materials division supplies building materials such as cement, steel bars etc., for various construction projects taking place within Maldives including infrastructure development projects initiated by government agencies.
Overall, STO's diverse portfolio of products and services has made it an integral part of the Maldivian economy. The company's commitment to quality, reliability and customer satisfaction has earned it a reputation as a trusted brand in the country.