No Plan To Increase Cement Price – Dangote
Dangote Cement Plc, has denied any form of price increase in it products.
The clarification was made by the company following a recent publication that Dangote Cement plans fresh increase.
The senior general manager, branding and communication, Dangote Industries Limited, Mr Sunday Esan said Dangote Cement is not embarking on price increase, saying that this is a mere speculation.
Recently, the Company in third quarter of 2022, recorded an increase in the overall volume of cement sales by 6.2 percent to 20.8metric tons in the third quarter of 2022.
According to the company, this was achieved, despite the elevated inflation caused by a very volatile global environment.
The chief executive officer of Dangote Cement, Michel Puchercos said “to mitigate the impact of the significant increase in energy and AGO costs, we are strengthening our efforts to ramp up the usage of alternative fuels. So far this year, we have co-processed 101,553 tonnes of waste representing a 77 per cent increase over nine months, 2021.
“We are on track to commission our Alternative Fuel feed system at Obajana lines I and V, and Ibese line II in November. In addition, we are ramping up our investment in Compressed Natural Gas (CNG), to reduce our AGO usage.”
Dangote Cement, it would be recalled, is Africa’s leading cement producer with nearly 51.6Mta capacity across Africa.
A fully integrated quarry-to-customer producer, it has a production capacity of 35.25Mta in its home market, Nigeria. Obajana plant in Kogi state, Nigeria, is the largest in Africa with 16.25Mta of capacity across five lines while the Ibese plant in Ogun state has four cement lines with a combined installed capacity of 12Mta.
Source: leadership
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