Dangote Cement plans to start operations in Sierra Leone, Cameroon and Zambia in 2014, says Chief Executive Officer Devakumar Edwin Dangote has a production capacity of 20.3 million tonnes/year in Nigeria and intends to add 9 million tonnes/year to production in thatcountry by the end of 2014. Edwin says that Dangote is reviewing its operations in Kenya in light of the discovery of limestone deposits in the country, and plans to increase the capacity of its proposed plant in Kenya from 1.5 million ton
Dangote Cement plans to start operations in Sierra Leone, Cameroon and Zambia in 2014, says Chief Executive Officer Devakumar Edwin
Dangote has a production capacity of 20.3 million tonnes/year in Nigeria and intends to add 9 million tonnes/year to production in thatcountry by the end of 2014.
Edwin says that Dangote is reviewing its operations in Kenya in light of the discovery of limestone deposits in the country, and plans to increase the capacity of its proposed plant in Kenya from 1.5 million tonnes/year to 3 million tonnes/year.
“In Ethiopia, work is well underway to build 2.5 million tonnes/year plant at Mugher, with commissioning expected late in 2014. In Tanzania, we have begun work on a 3 million tonnes/year plant at Mtwara that will be operational in 2015. In Zambia, work is underway on a 1.5 million tonnes/year plant at Ndola with cement production expected in the second half of 2014,” says Edwin.
The bid to expand is part of the company’s long-term expansion strategy across the continent. Dangote has three plants in Nigeria and plans to expand into 13 other African nations, bringing its total capacity to more than 60 million tonnes/year by 2016.
Edwin added that the company is stalling its business plan in South Sudan “because of military conflict in that nation.”
Dangote recorded a turnover of US$2.3 billion (€1.7 billion) in the 2013 financial year, up by 29.4% from $1.8 billion in 2012. Profit before tax was $1.18 billion compared with $836 million in 2012, while profit after tax rose to $1.24 billion, a 38.73% increase when compared to $899 million recorded in the same period of 2012.
The company posted a pre-tax profit of NGN 53.01 billion (€240.74 million/US$334.02 million) in the first quarter of 2014, a 1.25% drop from the year-ago period. However, gross revenue rose 8.5% to NGN 103.56 billion.
