We Are Consolidating Our Success Across Africa - Dangote Cement
The cement arm of Aliko Dangote, Africa’s richest man’s company is planting its feet across Africa.
A goal it set out to accomplish few years ago, Dangote Cement says it is succeeding as it has maintained its stronghold in the Nigerian domestic cement market.
The company accounts for 65% of market volume as estimates went up by 7.5% to 7.0 metric tonnes per annum.
According to a statement by the company on Sunday, it has in the past months expanded its operations across Africa.
This follows the coming on stream of the 1.5Mta integrated cement plant in Mfila, Republic of Congo and the appointment of an Acting Chief Executive Officer for the company.
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It added that the non-audited results for the nine months ended September 30, 2017, showed that the plant, which began operations last month, had almost doubled the size of the cement sector in the country.
The Chief Executive Officer, Dangote Cement, Onne van der Weijde, was quoted to have said that the company’s pan-African operations are performing strongly with excellent sales growth in Cameroon, Ethiopia and Senegal.
“We are consolidating our success across Africa and have just inaugurated our 1.5Mta factory in Congo, the 10th 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,” he said.
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