cement

For the third quarter of 2022, the Management of Dangote Cement has recorded an increase in the overall volume of cement sales by 6.2 percent to 20.8metric tons. This was achieved despite the elevated inflation that is due to a very volatile global environment. To further increase the supply of cement across its operational base, the company has also commissioned its power plant at Okpella and is progressing well to deploy grinding plants in Ghana and Cote d’Ivoire. Chief Executive Officer of Dangote Cement,…

The Biden administration is moving to make its overhaul of a student-loan forgiveness program for public-service workers permanent, allowing borrowers in professions such as teaching, nursing and public-interest law to get debt relief after 10 years of monthly payments. The changes to the Public Service Loan Forgiveness Program, set to take effect in July, will allow future borrowers to stay on track for forgiveness even for monthly payments that are partial or late. They will also make…

French cement firm Lafarge SA pleaded guilty Tuesday in a New York federal court to paying Islamic State and an al Qaeda affiliate to protect its Syrian cement plant, marking what the Justice Department said was the first time it has charged a company with supporting terrorist organizations. Lafarge agreed to pay about $778 million in financial penalties and serve a term of three years probation. The company and its defunct subsidiary, Lafarge Cement Syria, pleaded guilty to conspiracy…

A view of a Lafarge Cement plant is seen in Paris, France on September 8, 2021.Julien Mattia | Anadolu Agency | Getty ImagesLafarge SA pleaded guilty and agreed to pay $777.8 million Tuesday to resolve a U.S. federal criminal charge related to the French company's payments to ISIS another terror group to keep a cement plant operating in Syria.The nearly $17 million payments to ISIS and the al-Nusrah Front were made from August 2013 through October 2014, and occurred even as the terror group was kidnapping and killing…

Procedures such as knee and hip replacements can expose patients to potential bacterial infections, and bone cements are one way physicians can lower the risk. These materials anchor the artificial joint in place and, if loaded with antibiotics, can protect against harmful bacteria at the site. But the rise of drug-resistant bacteria calls for new approaches to these types of problems, and a potent new form of bone cement is poised to take up the fight.“Currently, the Food and Drug Administration (FDA) has only approved…

Polestar 3Courtesy: PolestarSwedish EV maker Polestar on Wednesday unveiled a new electric SUV that it's counting on to expand its sales and presence in the United States.The new model, called the Polestar 3, is a five-passenger EV that the company describes as a "performance SUV." It'll launch with a 111 kilowatt-hour battery and a dual-motor configuration that delivers up to 517 horsepower with an estimated 300 miles of EPA-rated range.Priced at about $84,000, the car comes loaded with technology, including an Nvidia…

The management of Dangote Industries Ltd. (DIL) says it owns Obajana Cement plant 100 per cent and its acquisition in 2002 followed due process. The company said this in a statement issued by Anthony Chiejina, Group Head Branding and Communications, DIL, titled, ‘Obajana Cement Plant: Separating Facts from Fiction.’ The Kogi State government last week shut the Obajana plant, questioning the Dangote Cement’s ownership of the factory. The government also raised issues of tax payment. The Dagote Group said the Kogi…

Many big U.S. businesses say they have been able to increase prices this year with limited pushback from customers. Not all the changes are leading to higher corporate profits. Cintas Corp. CTAS -0.18% , which rents and sells uniforms, and Vulcan Materials Co. VMC 0.44% which sells gravel and crushed stone, have reported widening profit margins as they raised prices.…

Dangote Cement Plc says several of its staff were “harmed” during an invasion of its factory at Obajana in Kogi State on Wednesday. The Kogi government sealed the plant, formerly owned by the state government, on the allegation that it was improperly acquired by Dangote Industries Limited, the parent company of the cement giant, two decades ago. The firm was incorporated by the Kogi government as Obajana Cement Plc in 1992, while Dangote Industries acquired it 10 years after. A government report cited by the…

Dangote Cement Plc says several of its staff were “harmed” during an invasion of its factory at Obajana in Kogi State on Wednesday. The Kogi government sealed the plant, formerly owned by the state government, on the allegation that it was improperly acquired by Dangote Industries Limited, the parent company of the cement giant, two decades ago. The firm was incorporated by the Kogi government as Obajana Cement Plc in 1992, while Dangote Industries acquired it 10 years after. A government report cited by the…