Dangote to invest $100m in cement plant in Takoradi

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.

 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.

“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.”