Dangote Cement opens new $1 bln plant in Ogun state

(Reuters) – Nigeria’s biggest listed company, Dangote Cement, opened a $1 billion cement plant on Thursday, raising its production capacity in Africa’s most populous nation by more than 40 percent.

The new plant is situated in Ibese, Ogun State in southeast Nigeria, just outside the commercial hub Lagos. It will produce 6 million metric tonnes of cement per annum (mtpa), which along with Dangote Cement’s two other plants will take total production to 20.25 mtpa.

“We are working towards making the company one of the eight biggest producers of cement in the world,” Dangote’s billionaire owner Aliko Dangote said at the plant opening.

“With the commissioning of the Ibese plant, Nigeria has been transformed from major importer of cement to self sufficient in production and export.”

Dangote said in the next two years the company’s Obajana plant, in Kogi state, would have its capacity upgraded to 15 mtpa from 10.25 mtpa currently, which would make it the world’s biggest cement plant.

Advertisements

About catheyspost

I am a multi-talented journalist, singer and actress by training and an ardent lover of Jesus and not joking about it. follow me on twitter @princesscathey and facebook -Ekaete-Cathey Inih Ebong. love keeping up with trends in the world and don't mind sharing.

Posted on February 9, 2012, in The World of business. Bookmark the permalink. Leave a comment.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: