Management of Dangote Cement has introduced that it’ll fee the 3Mta grinding plant in Côte d’Ivoire by the third quarter of this yr, which is anticipated to strengthen the corporate’s place in Africa and contribute considerably to its exports.
Chief Executive of Dangote Cement, Arvind Pathak, in a notice to the Nigerian Stock Exchange, stated the corporate is inspired by the expansion in its export enterprise. He stated: “Export volumes from Nigeria increased by 18.2%, with 18 successful clinker shipments made to Ghana and Cameroon. This demonstrates the growing importance of our pan-African footprint and our ongoing commitment to regional trade and self-sufficiency.”
Arvind Pathak additionally revealed that the corporate’s strategic priorities stay targeted on long-term worth creation. He stated Dangote Cement has made vital progress in additional strengthening its price structure. “…During the period, we began the phased delivery of 1,600 additional CNG-powered trucks, which will significantly reduce our logistics costs and enhance environmental efficiency.”
Commenting on the financials for the second quarter, which he stated was constructed on the corporate’s power, resilience, and adaptableness amidst enhancements in key macroeconomic indicators, he stated the corporate’s deal with operational effectivity and price containment is delivering tangible outcomes. According to him: “Group EBITDA rose by an impressive 41.8% to ₦944.9 billion, while Group profit surged by 174.1%. This remarkable performance is a testament to our disciplined execution, strong cost leadership, and the strategic investments we have made over the years.”
Dangote Cement is Africa’s main cement producer with 52.0Mta capability throughout Africa. A totally built-in quarry-to-customer producer that have a manufacturing capability of 35.25Mta in Nigeria. Its Obajana plant in Kogi state, Nigeria, is the most important in Africa with 16.25Mta of capability throughout 5 traces; whereas its Ibese plant in Ogun State has 4 cement traces with a mixed put in capability of 12Mta. In the identical vein, its Gboko plant in Benue state has 4Mta, and its Okpella plant in Edo state has 3Mta. Through its latest investments, Dangote Cement has eradicated Nigeria’s dependence on imported cement and has remodeled the nation into an exporter of cement and clinker, serving neighbouring international locations.
In addition, the corporate has operations in Cameroon (1.5Mta clinker grinding), Congo (1.5Mta), Ghana (2.0Mta clinker grinding and import), Ethiopia (2.5Mta), Senegal (1.5Mta), Sierra Leone (0.5Mta import), South Africa (2.8Mta), Tanzania (3.0Mta), Zambia (1.5Mta).
