Dangote signs deal to build cement factory in Togo, Africa
Published by Emily Thomas,
Deputy Editor
World Cement,
Togo's vast phosphate resources are mostly exported in their raw form, and Dangote's project aims to process some of that phosphate in order to make fertiliser in-country, aiming to export it to the region.
The cost of the project is around US$2 billion, a statement from Togo's government said.
Dangote also signed a deal to build a cement factory at a cost of around US$60 million. Construction of the factory is set to start in the first quarter of 2020, and it will begin producing by the end of next year, according to the statement.
The cement would serve the Togolese market, as well as export to neighbouring countries.
The deal also marks Dangote's first push into Togo, setting billionaire, Aliko Dangote's firm up for competition against Germany's HeidelbergCement and Fortia Cement.
This article was first published here.
Read the article online at: https://www.worldcement.com/africa-middle-east/11112019/dangote-signs-deal-to-build-cement-factory-in-togo-africa/
You might also like
The World Cement Podcast - CleanTech & Venture Capital
Our guest for this episode of the World Cement Podcast is Alfredo Carrato, Venture Capital Advisor for CEMEX Ventures. Listen in to the conversation as World Cement's Senior Editor, David Bizley, and Alfredo discuss the role of venture capital and cleantech in enabling the cement industry's green transition.
Tune in to the World Cement Podcast on your favourite podcast app today.
