DANGOTE CEMENT TO BUILD ANOTHER PLANT IN TAKORADI

The Management of Dangote Cement (Ghana) Limited, manufacturers of class potland cement type one has disclosed that the company would by the end of this year establish another cement plant in Takoradi.



According to the company, the 1.5 m tonne capacity plant would be a grinding plant were imported clinker would be grinned for the production of cement.

 

Mr Tor Nygard, Managing Director and Chief Executive Officer of the company who disclosed this on Thursday when members of the Parliamentary Press Corps (PPC) paid a working visit to the company’s cement plant in Tema, said the company has acquired 41 acre land in Takoradi for the project.

 

He noted that the company intends to expand its business to other parts of the country in order to employ more Ghanaians and serve customers with quality cements.

 

Touching on the company’s contribution to the country economy, he said tax payments for 2015 stood at GH¢ 75.5m while that of the first quarter of 2016 stood at GH¢ 37.3m.

 

Mr Nygard added that tax payments of salaries for 2015 and the first quarter of 2016 also stood at GH¢ 1m and GH¢ 545,000 respectively. He said for last year alone the company trained and distributed safety boots to some 400 block makers in Accra.

 

The CEO appealed to government to review the tax component on import duties  from the new rate of 10 per cent to 5 per cent as well as investigate  what it described as the tax liabilities of certain importers of bagged cement into the country.

 

Mr Nygard also touched on the need to improve the road infrastructure in country to ensure the smooth transportation of the cements to customers on time.


Dangote Cement, the largest cement production company in Africa, with a market capitalization of almost US$14 billion on the Nigeria Stock Exchange, has projects and operations in Nigeria and 14 other African countries including Benin, Cameroon, Ghana, Nigeria, South Africa and Zambia.


Source: ISD (Gilbert Ankrah)