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Dangote begins manufacturing of higher cement grade

Dangote Cement Plc on Monday announced that it had commenced the production of the 52.5 higher grade of cement.

The company’s Group Managing Director, Mr. Devakumar Edwin, said at a press briefing in Lagos that the product, which has already hit the market, would be officially unveiled at the end of the month.

Edwin said the production of the cement grade commenced from the company’s three plants in Ibese, Ogun State; Gboko, Benue State; and Obajana, Kogi state.

“This is another first as the 52.5 grade of cement is being produced in Africa for the first time,” he stated.

The GMD said the new cement grade, which has been certified by the Standards Organisation of Nigeria as conforming to the NIS 444-2003 requirements and other relevant standards, would sell for the same amount as the 42.5 grade.

Google Capital Pours $50M Into Real Estate Marketplace Auction.com At A $1.2B Valuation

Fresh off its public debut last week, Google Capital is putting more money to work this week with the announcement of a $50 million investment in real estate marketplace .The valuation of the company post-money is $1.2 billion, and a representative from Google Capital will join the company’s Board of directors and another will take a board observer position.