Zambian multi-millionaire entrepreneur Rajan Mahtani has lost ownership of Zambezi Portland Cement, a leading cement manufacturer in the southern African country, as the High Court of Zambia awarded full ownership of the company to the Ventriglia family of Italy on Monday.
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Concrete, usually Portland cement concrete, is a composite material composed of fine and coarse aggregate bonded together with a fluid cement (cement paste) that hardens over time—most frequently a lime-based cement binder, such as Portland cement, but sometimes with other hydraulic cements, such as a calcium aluminate cement.
The cement industry faces a number of challenges that include depleting fossil fuel reserves, scarcity of raw materials, perpetually increasing demand for cements and concretes, growing environmental concerns linked to climate change and an ailing world economy.