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Wednesday, September 28, 2022

Nigeria’s Dangote Cement grows production capacity by 8.22% in 3-year

Nigeria’s Dangote Cement, the biggest Cement clinker producer in the continent said it grew its production capacity by 8.22 percent to 23.7 metric tonnes in 2019 from 21.9 metric tonnes in 2017.

The cement company, majorly owned by Africa’s richest man Aliko Dangote in its sustainability report for 2019 said the company Maintained strong market share in its home country, Nigeria.

For instance, Nigeria sales account for 14.1 metric tonnes of cement, including clinker in the period compared with 9.6 metric tonnes by other parts of Africa.

The company said it has a combined production capacity of 45.6 million tonnes per year across ten countries in Sub-Saharan Africa.

“We have integrated factories in seven countries, a clinker grinding plant in Cameroon and import and distribution facilities for bulk cement in Ghana and Sierra Leone. Together, these operations make us the largest cement producer in Sub-Saharan Africa,” Dangote Cement said in the report.

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“Domestic sales of cement from our Nigerian plants increased by 2.2 percent to 13.7Mt in 2019, similar to Nigeria’s GDP growth of 2.3%. Nigeria’s cement sales, including exports were 14.1Mt.

“Our Pan-African operations including clinker contributed 9.6Mt, up 1.9 percent compared to
2018, with strong performances in Senegal, Tanzania, and Sierra Leone helping to offset temporary challenges in Congo, Ethiopia and a depressed economic environment in South Africa,” the cement firm said in the report.

Our approach to economic sustainability is to invest in growing economies and in tandem, continuously grow our profit. We secure the future of our business by establishing efficient and world class production facilities and products that support industrialisation in all the economies where we operate.

“We ensure that our business activities and model strengthen national productivity, job creation, growth in household incomes as well as GDP growth and economic prosperity.

“We support our host countries and local communities by developing a value chain that prioritises the patronage of local labour, suppliers, vendors and contractors as our way of building local capacity and content.

“We maintain transparency and due diligence in the payment of taxes and other statutory remittances to governments and public institutions,” Dangote Cement stated.

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