Dangote Cement Plc inaugurated its new Tanzanian cement plant this week after laying the foundation stone for the construction of the site. The plant will have a production capacity of 3 million tpa and represents an investment of US$500 million. The new facility is expected to be completed within 22 months and will provide thousands of local jobs.
The establishment of the cement plant is in line with the Dangote Group’s aim of expanding across Africa and increasing its capacity to 29 million tpa by 2015.
“Our investment in this sector, which is outside the traditional mining sector, is to take advantage of the abundance of limestone in the country and work towards making Tanzania self-sufficient in cement production. We must commend the government and people of Tanzania for recent public sector and banking reforms, as well as revamped and new legislative frameworks, which have spurred private sector-driven investment,” said Aliko Dangote.
Dangote went on to talk to about the company’s relationship to the local community, adding: “While we are in the business of creating wealth primarily, we are also mindful of the need to touch lives of people. As a company, we have always been conscious of the need to give a little of our profits back to the society as a guarantee for sustainable business success. This has been our guiding business philosophy. In all our host communities where we operate, we have a robust corporate social responsibility strategy in place, for translating this philosophy into projects and actions that touch positively on the citizens of our host communities.”
Adapted from press release by Louise Fordham.
Read the article online at: https://www.worldcement.com/africa-middle-east/29052013/dangote_cement_inaugurates_tanzanian_plant_996/