Dangote Cement To Expand Business

Google+ Pinterest LinkedIn Tumblr +

Managers of Dangote Cement said the company is in the process of expanding its business and employing more locals in Ghana, Footprint to Africa reports.

The assurance is coming on the heels of allegations by employees of Diamond Cement in Aflao in Ghana’s Volta Region that Dangote Cement has been allowed to engage in unfair competition, threatening an indigenous cement manufacturer.

A group of angry youth in Aflao has accused Dangote of importing already bagged cement products from Nigeria, and selling them at cheaper prices, posing a threat to Diamond Cement in Aflao, which produces locally.

According to them, if Dangote continues that way, it could severely affect the operations of Diamond Cement and render them jobless.

Diamond Cement is said to employ about six hundred people directly, and over thousand indirectly.

Employees of Diamond Cement stated that they are even more disappointed in the fact that, Dangote has not expanded its business in Ghana to employ more locals.

In his reaction, Senior Marketing Manager of Dangote Cement, Joseph Kobina Abu, stated that the company has acquired plots of land in some parts of Ghana, and is in the process of constructing another production plant that will eventually offer additional jobs to Ghanaians.

Abu said that the company’s plant in Tema has been expanded to increase its production capacity, adding that their intention to expand and employ more locals, is not a direct response to the latest agitations, but that those plans have been a long standing management decision.

“Currently, we have some employment level in Tema. We have also acquired 41 acre land in Takoradi and we are also coming to put up another plant there, which will also generate more employment. And then regarding those goods coming from Nigeria, we are also going to acquire land in the Volta Region but we will not establish a plant there; it’s going to be an operational area whereby those in that area will be employed.

“We acquired that land about three years ago and it’s been cleared before the protest by the youth. So we are in the process of expanding always; just last month, we finished expansion works on our Tema Plant which has increased our capacity more than two times. So it is not because of Thursday’sdemonstration that we are creating the impression that we are going to create employment.”

Dangote Cement, the largest cement production company in Africa, with a market capitalization of almost US$14 billion on the Nigeria Stock Exchange,(NSE) has projects and operations in Nigeria and 14 other African countries including Benin, Cameroon, Ghana, Nigeria, South Africa and Zambia.

Dangote Cement’s current total production capacity in Nigeria from its three existing cement plants namely Obajana (10.25MMTPA), Ibese (6.0MMTPA) and Gboko (4.0MMTPA) is 20.25MMTPA.

Dangote Cement is also the biggest quoted company in West Africa and the only Nigerian company on the Forbes Global 2000 Companies.

The Dangote Group is the largest industrial conglomerate in West Africa and one of the largest in Africa. It generated revenue in excess of US$3 billion in 2013. The group is one of the leading diversified business conglomerates in Africa. The company employs more than 26,000 people.

The Dangote Group, Footprint to Africa gathered is a diversified conglomerate, headquartered in Lagos, Nigeria, with interests across a range of sectors in Africa. Current interests include cement, sugar, flour, salt, pasta, beverages and real estate, with new projects in development in the oil and Natural gas, telecommunications, fertilizer and steel.

The Group focuses on provision of local, value-added products and services that meet the needs of the African population.

The group’s President, Aliko Dangote, is currently Africa’s richest man.He was recently rated among the 100 most powerful people in the world by Forbes Magazine.

Share.

About Author

Leave A Reply