Dangote Cement Plc, Africa’s biggest producer of the building material, will ramp up capacity by more than a third to meet Nigeria’s burgeoning demand as the economy recovers.
“We are expanding capacity from about 50,000 tons a day at the beginning of the year to 70,000 tons a day at the end of the year,” Edwin Devakumar, group executive director at Dangote Industries Ltd., said by phone.
The cement manufacturer, owned by Africa’s richest man Aliko Dangote, is reactivating idle capacity at its Gboko plant, in Benue state, because of a 40% increase in demand in Africa’s largest economy, in the past seven months, Devakumar said…
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