The brand new plants are anticipated to add nine million metric tonnes per annum to the company's current local cement nigeria news papers philippine star headlines today
output from 29.25 million metric tonnes per annum (mmtpa
) to 38.25 mmtpaDevakumar
said the move by the firm was to help enlarge the spread of its production outfits, thereby cutting down the transport cost component of operations.
He added that the new investments will further lower cost of production; also and bring about future reductuon Naija news of today
the purchase price of cement to generate employment opportunities for the youths of host communities.
Also speaking at the function, the Group Managing Director, Cement, Dangote Industries Limited, Onne Vander Weijde
said the interest in cement was still high considering the amount of population growth in Nigeria, saying that Nigeria's per capita consumption of the Nigeria News Live Online building material that is only above 100 kilogram per capita is relatively low, Nigerian Army Recruitment 2016 signaling a massive increase
potential.The company stated the
communities in which the newest plants are being set Naija breaking news
up by it are Okpella in the northern part of Edo State, using another six million in Itori per annum capacity plants, in Ogun State and a three million per annum plant.
The Group Managing Director and Chief Executive Officer (CEO), Dangote Cement Plc, Devakumar Edwin, who made the announcement in Lagos, clarified that the Okpella plant will likely be made up of one line and can create a total of three million metric tonnes per annum, as well as the Itori plant which will deliver around six million tonnes per annum from two production lines. Both plants are anticipated to come latest news on Naija
stream within the next 36 months.
"There's always been an excess in demand because cement was not readily available, but ours is available and the costs are affordable. Consumer prices have fallen by 35 per cent in naira terms, but should you choose it in dollar terms and link it with all Naija newspapers today
's parallel market rates, you may realise the price of the merchandise has gone down in Nigeria, as well as sometimes below the prevailing typical global price.
"This itself is a massive driver for increasing the per capita consumption," he said.-Ventures-Africa
.jpg" style="max-width:400px;float:right;padding:10px 0px 10px 10px;border:0px;">He said using the capacity of the plants news update in Naija
Nigeria, the business can furnish the complete western and central Africa region, maintaining that currently, Dangote cement is exporting cement to Niger, Ghana, Togo with strategies to move up to the Ivory Coast.
"Nigeria had always been an import-dependent nation with regards to cement before and when we do not add up capacities, we will never manage to match up the consumption rate in the nation. Website URL: