Dangote Cement capitalisation has hit a whopping $15 billion and the company would single-handedly surpass Nigeria’s entire cement need which stands at about 17 million metric tons annually, before the end of next year.
Dangote Group’s Chief Human Resources Officer, Mr. Pabby Paramjit disclosed this at the inauguration of Dangote Academy’s Graduate Engineer Trainees Scheme, GETS, at the Obajana Cement plant, Kogi State, at the weekend.
He put Dangote’s current cement output at about 12 million metric tons per annum and that a new cement plant at Ibere, Ogun State would soon come on stream with another six million metric tons, annually. The third phase of the Obajana Cement Plant, he disclosed, would soon be commissioned and therefore boost output of the commodity.
He said that the vision of the President of the Group, Alhaji Aliko Dangote was to grow the cement segment of the business empire into an international organisation that would export cement from Nigeria to the West African sub-regional market within the next four years.
According to him, cement accounted for 80 per cent of Dangote Group’s business, while non-cement segment such as the flour mills, water, juice, pasta and bag account for the remaining 20 per cent. Mr. Paramjit said Alhaji Dangote decided to establish the Dangote Academy in recognition of the important roles personnel play in building great companies around the world.
No comments:
Post a Comment