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Dangote plans $20 billion investment across sectors

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The Dangote Group has said that it was planning to invest over $20 billion and engage over 200,000 more workers in various projects to impact the Nigerian and African economy by 2020.

Group Executive Director, Dangote Group, Mansur Ahmed, listed some ongoing and new projects undertaken by the company to realise that objective.It include a refinery, petrochemical, cement, salt, rice, sugar, tomato processing and gas plants, as well as agricultural projects to promote food security and save foreign exchange. ?The gas project will help industrial and manufacturing, energy, power and electricity supply. All these will take $20 billion of investments in different sectors to impact on several areas of our economic life, particularly employment,? he said.?By the time we finish all the investments in refineries and petrochemical, fertiliser plants, agriculture, and others, the company should be able to increase its labour force to about 250,000 from the current 15,000, with over $100 million saved from importation of rice, sugar, rice, tomato importation, and $6-$10 million earnings every year from exports of these items,?he added.

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Concrete

Holcim UK drives sustainable construction

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Holcim UK has released a report titled ‘Making Sustainable Construction a Reality,’ outlining its five-fold commitment to a greener future. The company aims to focus on decarbonisation, circular economy principles, smarter building methods, community engagement, and integrating nature. Based on a survey of 2,000 people, only 41 per cent felt urban spaces in the UK are sustainably built. A significant majority (82 per cent) advocated for more green spaces, 69 per cent called for government leadership in sustainability, and 54 per cent saw businesses as key players. Additionally, 80 per cent of respondents stressed the need for greater transparency from companies regarding their environmental practices.

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Concrete

GCCA releases LCR system

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The Global Cement and Concrete Association (GCCA) has launched the Low Carbon Ratings (LCR) system for cement and concrete, a new global rating based on products’ carbon footprints. The system uses a clear AA to G scale to help customers prioritise sustainability in material selection across construction sectors worldwide. The GCCA says that the LCR system is designed to be easily recognisable, with a simple visual graphic that indicates a product’s rating and provides consistency and comparability to other products.

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Concrete

FLSmidth opens eco-friendly plant in Casablanca

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FLSmidth has inaugurated a €21 million mill liner manufacturing plant in Casablanca, covering 11,250m² with a production capacity of 6,500 tonnes annually. The LEED-certified facility significantly reduces carbon emissions by up to 56 per cent and fully recycles water used in the manufacturing process. Up to 250 jobs will be created in the Valparaíso region. Mikko Keto, CEO, highlighted the plant as a symbol of FLSmidth’s commitment to sustainable mining and community engagement in South America. Earlier in 2024, the Denmark-based company announced plans to sell its cement division to sharpen its focus on mining operations.

 

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