The most progressive African company, the Dangote Group has announced the development of the cement sector of the company for 2016.
Dangote Cement Plc sector expansion is targeted to the Itori region of Ogun state for the construction of a two-line production plant of which 6 mmtpa are expected to be produced. Okpella, the northern part of Edo state, is set for a one-line production plant capable of 3 mmtpa. The aim is to increase the local production from the current 29.25 mmtpa to 38.25 mmtpa.
In a public briefing the executive director of Dangote Cement Plc, Devakumar Edwin said, “We purposely embark on the said project in order to reduce the transportation costs of distributing products within the country. Because what we experienced in the sector is that the demand for cement kept increasing…we try to increase our production due to the increasing population.”
He also said that the increase in local cement production will reduce the price of the commodity when the plants are ready in the next three years. This is not as result of reduction in demand trends, but just to encourage fast growing economical investment locally in Nigeria and also to create more job opportunities in the country.
The group’s managing director and also the CEO; Onne Vander Weijde said that Dangote cement is aiming at the capability of serving the whole of western and central Africa. He also confirmed that Dangote is presently exporting cement products to Ghana, Niger and Togo. Efforts to start the exportation of cement to the Ivory Coast is also in progress he said.