Dangote Cement to inaugurate 1.5mmts plant in Congo

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Dangote Cement has announced that it plans to inaugurate its 1.5 million metric tonnes per annum capacity Cement Plant valued at $500m on Thursday in Congo.

According to a statement made available to newsmen, the plant, described as the largest in Congo, rolled out its first bag of cement on August 7 and is expected to create about 1000 direct and indirect jobs.

According to the statement, the Congo Plant commissioning will make 10 fully operational Dangote Cement plants across Africa.

It said that Dangote Cement maintained its stronghold in the domestic cement market accounting for 65 per cent of local cement market while Pan-African volumes went up by 7.5 per cent to 7.0 mta.

“Our Pan-African operations are performing strongly with excellent sales growth in Cameroon, Ethiopia and Senegal. We are consolidating our success across Africa through commissioning of our 1.5Mta factory in Congo, the tenth country in which we have established operations.

“In our key operations in Nigeria, we have significantly improved our fuel mix and this has helped increase margins across the Group. It is especially good for Nigeria because most of the coal we are using is mined in our own country,” it said.

It attributed sales increase to strong brand recognition, increased point of sales branding, improvements in sales and marketing strategies and higher visibility through trade shows.

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Godwin Okafor is a financial journalist, Internet Social Entrepreneur and the Founder Naija247news Media Ltd He has over 16 experiences in journalism, which cuts across traditional and digital media. He started his journalism career in Business Day, Where he was a senior editorial graphic artist, before he left to start Naija247news, An Online Financial Newspaper in 2010. He has won series of awards and he is the chairman of Emmerich Resources Limited, the publisher of Naija247news.com and also sits on the board of Students In Business Awards, (SIBA).

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