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Dangote Moves to Crash Price of Cement

By on August 15, 2012

Aliko Dangote, President and CEO of Nigeria’s Dangote Group

Dangote Cement has announced plans to reduce the price of cement in the country. Speaking at an even this weekend, the company’s management stated that it had commenced a systematic liberalization of the product’s distribution.

It disclosed that it was opening up more mega depots in addition to recruiting new distributors in order to ensure that consumers benefit from the company’s increased capacity to produce cement.

Devakumar Edwin, Managing Director of the company said the company would ensure price stability and reduction by reviewing its distribution networks.
He also disclosed that the companyhad taken delivery of 500 new trucks in order to “solve the problem of logistics.”

He said, “What we are doing now is to liberalize the distribution network by increasing our depots and registering more credible distributors. All we require is the Certificate of company registration, two passport photographs and letter of intent. There is also opportunity for individuals to buy direct.

“Henceforth, we are guaranteeing 48 hours registration with a minimum purchase of one trailer load that is 600 bags monthly. In fact no deposit is required. And customers can collect from any of our plants.”

He disclosed that the purcase of bulk cement by any interested party was as simple as walking into any of the company’s distribution outlets.

“In the long run, we hope that this effort will not only make cement available in every nooks and cranny of Nigeria but will reduce the price and make the price stable.”

“Our investments at Ibese and Obajana have helped Dangote Cement double shipments of locally produced cement that will help Nigeria towards self-sufficiency. The ramp-up of our new capacity is progressing steadily and we are increasing our distribution network to extend our reach in the market”, Edwin said.

 

4 Comments

  1. Abdulmutallib Madaki

    August 15, 2012 at 8:32 am

    We are proud of u beign one of us, we the people of Kano state extend our deep gratitude

  2. Don

    August 15, 2012 at 9:22 am

    We have heard this so many times that it no longer has any meaning. Let us wait and see it happen.

  3. S_Concern

    August 15, 2012 at 12:52 pm

    Who are the “we”? Bloody slave. @madaki

  4. Sidon

    August 17, 2012 at 7:44 pm

    this means that i will complete my apartment this year.