Dangote Cement Plc says that in line with its investment plans, it has expanded into Asia, by constructing a three million metric tonnes per annum cement plant in Nepal, this the third one in 2015.
The new plants would be constructed in partnership with Sinoma, bringing Dangote Cement’s export capacity to 10 million metric tonnes.
According to the group, it had also recently made new investment of $4.34bn in 10 African countries.
At the signing ceremony on Wednesday, the Chairman of Dangote Group, Aliko Dangote, said that the country would no longer be used as a dumping ground for cement.
He added that currently, the company’s capacity was 48 million metric tonnes per annum in 15 African countries, excluding Kenya, Niger and Mali, which were new projects while Nigeria had the largest capacity of 29.3 million metric tonnes per annum.
According to him, the company will also inaugurate its new plant in Cameroon on Thursday, with a total capacity of 1.5 million metric tonnes per annum.
He said, “We are not only building cement plants in Africa, we have gone far away to Nepal to build a three million metric tons cement plant capacity.
“By the time all our new projects are completed in the next two years, Dangote Cement will have more than 70 million capacity but we are not going to stop there, hopefully, by 2020, our targets is getting to somewhere around 100 million tons capacity.
No comments:
Post a Comment