Cement Industry Dangote to invest $100m in cement plant in Takoradi

The move is part of the company’s strategy to expand and meet growing demands in Ghana and across West Africa.

  • Published: , Refreshed:
Dangote play


24/7 Live - Subscribe to the Pulse Newsletter!

Dangote Cement will invest over $100 million in the construction of a new plant by the end of 2016, managing director of Dangote Ghana has disclosed in a meeting with parliamentarians.

Tor Nygard said the new plant will have the capacity to produce about 1.5 million tonnes of cement and will be situated in Takoradi in the Western Region.

The move is part of the company’s strategy to expand and meet growing demands in Ghana and across West Africa.

“We are going to start constructing another plant in Takoradi. That plant will have about 1.5 million tonnes capacity” Nygard said.

According to Nygard, the company is optimistic of the future despite slum in consumer purchasing power and competition from cheap imported cements from China.

He however said the company is concerned about power supply and the stability of the cedi.

“What is important for us is the electricity supply. We have seen an improvement in the this Nygard said. “Stable forex is also important for us.”

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos

Top Articles

1 Salaries In 2018 Here are the dates public workers will be paid in 2018bullet
2 Street Lights In Ghana ECG is not responsible for your street lights –...bullet
3 Menzgold Ghana Investment company closes down its Gold Vault Marketbullet
4 Black Stars Nana Aba comes under attack over Black Stars captaincy...bullet
5 Menzgold Ghana Don't deposit money with Menzgold – BoG cautions...bullet
6 Taxes In Ghana 3% VAT flat rate takes off in July 1bullet
7 Petroleum Prices Gov't to reduce fuel prices by 4% after 28%...bullet
8 Retirement How to calculate your SSNIT pensionbullet
9 Ponzi Scheme Two MMM officials arrestedbullet
10 Chattered Accountants Forum ACCA holds forum on...bullet

Top Videos

1 Forbes 2018 Africa's billionaires rich listbullet
2 Money Alert Meet Africa's richest womanbullet
3 New Discovery Ghana discovers new mineral, lithium in commercial...bullet
4 Tech 6 reasons you should buy an iPhone SE instead of any of the...bullet
5 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
6 Entrepreneurship How to be resourceful as an entrepreneurbullet
7 Plane Crash Starbow suspends operations following plane crashbullet
8 Entrepreneurship Creating Success Systems | StartUpSchoolbullet
9 Support Finance minister buys Kantanka carbullet
10 Entrepreneurship Failure- How To Deal With It |...bullet