EMBATTLED cement manufacturer,
The development comes shortly after the company’s request for a three months’ suspension from the
LAfarge is currently embroiled in a tiff with the
OFAC contends that the business tycoon “materially assisted, sponsored, or provided financial, material, logistical, or technical support for, or goods or services in support of, the Government of
It accused him of using his relationships with government officials to gain state contracts, to receive access to currencies including the US Dollar and of supplying luxury items such as cars to ministers.
In an update Friday, LACZ acting company secretary Arnold Chikazhe informed stakeholders on the latest rebranding strategy.
“The company would like to inform shareholders and valued stakeholders that following the exit of
He also revealed that the company is reconstituting the composition of the board of directors as well as the necessary board committees, pointing out that in this latter regard, the announcement of the relevant appointments will be made shortly.
“The public is advised that these processes will have no material effect on either the quality or availability of any of the Company’s range of products as well as its overall operations,” added Chikazhe.
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