Analyst Research

Report Title Price
Provider: Wright Reports
$75.00
Provider: Reuters Investment Profile
$20.00

NYSE and AMEX quotes delayed by at least 20 minutes. NASDAQ delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Dangote Cement Plc Announces Plans to Open Another Cement Plant in Zambia and Provides Production Guidance for 2014-All Africa


Wednesday, 23 Jan 2013 06:35am EST 

All Africa reported that Dangote Cement Plc has announced that it is set to open another USD 400.00 million a 1.5 million cement plant in Lusaka, Zambia, in 2014, bringing Dangote Cement Plc's total investment in Zambia to USD 800.00 million. Accordingly, the Company announced that the Zambia plant will be yet another 1.5 million per annum capacity cement plant of the Company after the completion of Dangote Cement Plc's Ndola plant in 2014. The Company also announced that the opening of the Ndola plant, which is situated in Masaiti, Zambia, will increase Dangote Cement Plc's production capacity to 3,000 tons per day. Finally, it i expected that 1,000 jobs directly and 6,000 jobs indirectly would be created once the Company's Zambia plant will have become operational in 2013.