In order to ensure that cement is available in all African nations, Dangote Cement’s Chief Executive Officer, Michel Puchercos, has stated that the business is increasing production at its Okpella factory in Nigeria and moving through with plans to establish grinding mills in Ghana and Cote d’Ivoire.
When the grinding plants finally start operating, Ghana and Cote d’Ivoire will be added to the list of African nations, according to a statement from the firm.
The countries are listed as Cameroon (1.5 million tons of clinker grinding), Congo (1.5 million tons), Ghana (1.5 million tons of imports), Ethiopia (2.5 million tons), Senegal (1.5 million tons), Sierra Leone (0.5 million tons of imports), South Africa (2.8 million tons), Tanzania (3 million tons), and Zambia (1.5Mta).
The Cement Plant Company also reported that for the six-month period ending June 31, 2022, it generated group revenue of N808 billion.
It claimed that winners from its ongoing Bag of Goodies season 3 promotion have begun to appear.
The statistics of the cement company, which are posted on the website of the Nigerian Exchange, show that revenue increased by 17% from the N690.55 billion achieved in 2021 to the current year.
Dangote Cement reported group sales volume of 14.2Mt, of which 9.3Mt was completed by activities in Nigeria, and the remaining portion was provided by operations in other African nations.
Speaking about the outcome, Michel Puchercos, the CEO of Dangote Cement, said: “Despite the elevated inflation due to a very volatile global environment, the first half of 2022 has been positive. We recorded increases in revenue and EBITDA that drove strong cash generation across the Group.
“We recorded revenue of N808.0bn up 17 per cent compared to last year and Group EBITDA of N373.2bn, up 6.3 per cent with an EBITDA margin of 46.2 per cent.”
According to Puchercos, the manufacture and supply of cement products were being significantly impacted by a considerable rise in energy and AGO costs.
“To drive consumer engagement and support demand ahead of the rainy season; we have commenced the third season of our National Consumer Promotion – Bag of Goodies 3. On the operational side, we are ramping up production at our Okpella plant and are progressing well to deploy grinding plants in Ghana and Cote d’Ivoire,” he said.
He claimed that the unstable global environment had made it more important to increase the use of alternative fuels and to carry out an export-to-import plan.
He said that the business was making local markets self-sufficient and minimizing reliance on imported materials.
“Our continuous focus on efficiency, meeting market demand, and maintaining our costs leadership drives our ability to consistently deliver superior profitability and value to all shareholders,” He said.