Dangote eyes further investment in Zambian market

Dangote eyes further investment in Zambian market
24 January 2013

With Dangote’s first cement plant in Zambia set to be completed next year, a senior company executive has said that plans for another new plant in the East African country are on the horizon.

Dangote is currently constructing a 3000tpd greenfield plant situated in Ndola which is set to change the face of the domestic industry. When the plant comes on-stream, the new plant will make Dangote Cement the biggest producer in Zambia and is in line with this emerging cement major's impressive regional expansion drive. Furthermore, Monica Musonda, executive director of the company told All Africa press that Dangote plans to open another 1.5Mta plant in the capital city Lusaka once the the Ndola plant reaches an advanced stage of completion.

The company aims to capture a 40-45 per cent market share in Zambia, following the completion of the Ndola facility which is set to be opened in the third-quarter of next year.

Published under Cement News