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Dangote to crash cement prices with 6m tons production

By Naomi Uzor
In a bid to further bring down the price of cement in the country to boost construction and the building industry, the management of Dangote Cement said that it will be increasing its production capacity to six million tonnes in February 2011.

Disclosing this in Ibese, Ogun State recently, the company’s Director of Project, Dr Ved Sarkari, said that at the completion of the project and at full production it will help to reduce the dependence on imported cement into the country.

Sarkari explained that the estimated local demand for cement in 2010 is about 15.7 million tonnes while   local production is about 12 million tones leaving a difference of less than four million tones for imports. He said that the factory, worth million of dollars, being handled by Sinoma, a Chinese firm , is about 58 per cent completed.

He said the project underscores the determination of  Dangote Group to make cement available at affordable price and that the development was in line with federal government’s policy to encourage expansion and investment in cement and other sectors.

He assured that the factory would go a long way in creating jobs for the youth and improve wealth creation and that gypsum would be imported to ensure production of quality cement for industrial and residential use.

“We are proud to highlight that all required raw materials barring gypsum for producing cement are readily available in our Ibese mines at one location. This is one of the major advantages in selecting this location for the cement plant” he said

Furthermore, he said to ensure that the cement plant’s installed capacity was optimally utilised, the company has constructed gas pipeline of 22km to ensure constant supply of gas supply to the plant.


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