SIGN IN YOUR ACCOUNT TO HAVE ACCESS TO DIFFERENT FEATURES

CREATE AN ACCOUNT FORGOT YOUR PASSWORD?

FORGOT YOUR DETAILS?

AAH, WAIT, I REMEMBER NOW!

CREATE ACCOUNT

ALREADY HAVE AN ACCOUNT?

Magnartis Finance & Investment Limited

  • LOGIN
  • Home
  • About
    • About Us
    • Management Team
    • Directors
  • Services
    • Stockbroking
    • Portfolio Management
    • Corporate Finance
    • Advisory Services
  • Projects
  • Download
  • Contact
  • Open an account
  • Home
  • Dangote Cement hits Cameroon with 1.5m TPA
  • Capital Market News
  • Dangote Cement hits Cameroon with 1.5m TPA
 

Dangote Cement hits Cameroon with 1.5m TPA

Dangote Cement hits Cameroon with 1.5m TPA

by magna / Tuesday, 23 December 2014 / Published in Capital Market News

dangote cement complex

The first set of the Dangote Cement bags, the 3X Premium, will hit the Cameroon market in January 2015, the management of the company has said.

Conducting the Cameroonian media round the 1.5 million metric tonnes per annum capacity plant in Douala, the General Manager of the plant, Baba Abdullahi, said the plant was already being test run and full production would start next month.

He said Dangote Cement would be deploying its state-of-the-art machinery and latest technology from the point of production to delivery to customers having been known for employing best practices in its operation.

According to him, the entry of Dangote Cement in the Cameroonian market would significantly contribute to the country’s growth and that the management is upbeat about the prospect of stimulating the construction and housing sectors of the economy.

Abdullahi stated that cement customers in the country are anxious to buy Dangote brand because the 3X 42.5 grade would be the first in the market that is produced locally.

“Everything is set for full production as the test run commenced earlier in the week. The imported clinker and gypsum are on ground and pozollan, which is locally sourced is available.

The power house, which is one of the last of the plant facilities to be installed is almost completed, to bring the plant to 100 per cent readiness.

The test run, he stated, will enable the regulatory authorities to carry out independent quality check. “Bodies such as LABO genie and ANOR would be carrying out check on the quality of the cement.”

It would be recalled that Dangote Cement started the construction of the Cameroon plant in 2012 and has over time employed thousands of artisans and technicians.

“Today it has over 250 permanent staff. The company has risen above all challenges during the construction phase and is set to produce 1.5 million tonnes per year.

Source : SunOnline

About magna

What you can read next

Ministry Hands Over Surveillance Vehicles to Mines Officers
Market Extra: Which financial markets will be closed on Labor Day?
CBN Reviews Guidelines For Blacklisting Sacked Bank Staff

Market Capitalization

[visualizer id="161"]

Newsletter Subscription


 

About Us

Magnartis Finance & Investment Ltd (“Magnartis”) is a Dealing Member of The Nigerian Stock Exchange with expertise in Stockbroking and Trade Execution Services.

Download

  • FGN Savings Bond Subscription Form
  • Mandate For Ebonus
  • Cscs Clients Authorization Form For Change Of Bank
  • Cscs Client Bank Update Form
  • Account Opening Form KYC

Research

  • Daily Price List
  • Daily Market Summary
  • Weekly Market Summary
  • Special Reports

Contact Info

16, Boyle Street, Onikan, Lagos, Nigeria

Office Number:
01-4538066

E-mail:
info@magnartis.com

  • GET SOCIAL

© 2014 Magnartis Finance & Investment Limited. All Right Reserved

TOP