Dangote Cement African projects drive revenue to N365.5b

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GMD of Dangote Cement Engr Joseph Makoju

Aggressive African expansion projects by Dangote Cements have started yielding positive fruits as the company for the nine months ended September 30, 2015 recorded a turnover of N365.5 billion, a 17.8 per cent increase over its corresponding year figure.

The company, in the same period exported 3.7 million metric tonnes of cement to neighbouring countries. The export underscores the fact that Nigeria is now self-sufficient in cement production.

It Chief Executive, Onne Van der Weijde said: “I am pleased to report that sales from outside Nigeria have contributed nearly 29 per cent of volumes so far this year and 39 per cent in the third quarter, which demonstrates that we are diversifying successfully and quickly gaining market shares in new countries.

While revealing that the company has just acquired 2,000 new trucks to help improve its logistics capabilities and enable it enhance its export of cement to neighbouring countries, he said: “Our key target will be Ghana, where we already have an import terminal that is at present supplied from outside the ECOWAS (Economic Community of West African States) region.”

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