Just In: Ghana: Dangote invests USD 35m in cement production: The Dangote Cement Ghana Limited, producers of Dangote Cement, has commenced an expansion project worth US$35 million to help address the incidence of shortages of cement in the country. The expansion project being established at Takoradi and the company’s current plant at Tema will be completed in the next 14 months and three months, respectively. The Tema project has already begun while the Takoradi project is still at the foundation stage. When completed, the company says its annual production will be increased to about three million tonnes. The expansion of Dangote plant in Ghana comes in the wake of rising cement prices, which is currently selling at GH¢32 for a bag in Accra and GH¢35 in other regions of the country. This is attributed to the falling cedi and rising input cost. Press Conference At a press conference last Thursday in Accra, the Vice-Chairman of the company, Mr Tajudeen A. Sijuade, said the project had been necessitated by the demand on the Ghanaian market. According to him, for the past five years that the company had been operating in the country, the major concern had been the lack of sufficient supply of the products to meet the growing needs of the construction industry, hence the decision to expand. “By the time we finish this, there will be no shortage of cement in Ghana, and this is to give you the assurance that we are here to stay,” he said. Employment The expansion, he said, would increase the current 500 employment opportunity at the Tema Plant to about 1,000, while Takoradi would provide about 1,200 direct and indirect employments to Ghanaians. Mr Sijuade said the company’s vision was to reach about three million customers within the next three years and stated that the company was working hard to achieve that. Dangote will not compromise on quality He gave the assurance that the company would not compromise on quality in its attempts to meet the demand of the Ghanaian market. The Sales and Marketing Manager, Mr Joseph Kobina Aboo, said Dangote Cement had been known for its quality over the years across Africa and as such the company would continue to ensure customer satisfaction. Source: Daily Graphic
Posted on: Thu, 10 Jul 2014 14:24:18 +0000
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