Dangote Cement to commission new plant in Côte d’Ivoire
Management of Dangote Cement has announced that it will commission the 3Mta grinding plant in Côte d’Ivoire by the third quarter of this year, which is expected to strengthen the company’s position in Africa and contribute significantly to its exports. Chief Executive of Dangote Cement, Arvind Pathak, in a note to the Nigerian Stock Exchange, […]
Dangote Cement
Management of Dangote Cement has announced that it will commission the 3Mta grinding plant in Côte d’Ivoire by the third quarter of this year, which is expected to strengthen the company’s position in Africa and contribute significantly to its exports.
Chief Executive of Dangote Cement, Arvind Pathak, in a note to the Nigerian Stock Exchange, said the company is encouraged by the growth in its export business.
He said: “Export volumes from Nigeria increased by 18.2%, with 18 successful clinker shipments made to Ghana and Cameroon. This demonstrates the growing importance of our pan-African footprint and our ongoing commitment to regional trade and self-sufficiency.”
Pathak also revealed that the company’s strategic priorities remain focused on long-term value creation. He said Dangote Cement has made significant progress in further strengthening its cost architecture.
“…During the period, we began the phased delivery of 1,600 additional CNG-powered trucks, which will significantly reduce our logistics costs and enhance environmental efficiency.”
On the financials for the second quarter, which he said was built on the company’s strength, resilience, and adaptability amidst improvements in key macroeconomic indicators, he explained the company’s focus on operational efficiency and cost containment is delivering tangible results.