Dangote Cement Was Widening The Distribution Outlets by Opening More Mega Depots

The company said at the weekend it was widening the distribution outlets by opening more mega depots and signing on new distributors so that the consumers could reap the full benefits of the increased local production. Dangote Cement, which accounts for over 70 per cent of the cement produced in Nigeria, has continued to invest more in its production capacity by expanding its production lines and establishing new plants. Dangote Cement recently opened a new $1 billion plant and has entrenched itself as lead supplier of cement in West Africa. This, the company claims, will ensure the nation produces enough for home consumption and have surplus for export to other countries. The management of Dangote Cement believes that only a liberalised distribution system can make increased local production translate to cheaper cement and make meaningful the huge investments in local production. On April 5, the cement manufacturing company announced plans to raise its output to 46.3 million metric tons by 2015 as it’s expands across Africa. Output in Nigeria will account for 32 million tons of that 2015 projection from 20 million tons this year. With more investments by the sector players combined, local production has risen to about 27 million metric tons per annum, with the national demand estimated at between 17 and 18 million metric tons per annum. Source: uaecement