{"id":73965,"date":"2023-07-14T17:45:36","date_gmt":"2023-07-14T16:45:36","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=73965"},"modified":"2023-07-14T17:45:36","modified_gmt":"2023-07-14T16:45:36","slug":"dangote-cement-increases-capacity-with-new-plants-in-nigeria-cote-divoire-ghana","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/dangote-cement-increases-capacity-with-new-plants-in-nigeria-cote-divoire-ghana\/","title":{"rendered":"Dangote Cement Increases Capacity With New Plants In Nigeria, Cote d\u2019Ivoire &#038; Ghana"},"content":{"rendered":"<p>Dangote Cement has concluded plans to expand its production capacity through the construction of a new 6Mt integrated cement plant in Itori, Ogun State. According to the Group Managing Director, of Dangote Cement, Mr. Arvind Pathak, the new plant on completion, will strengthen local production of Dangote Cement in Africa.<\/p>\n<p>Besides, Dangote Cement will soon deploy grinding plants in Ghana and Cote d\u2019Ivoire to ensure cement becomes available in all African countries.<\/p>\n<p>Pathak was speaking at the Closing Gong Ceremony on the Trading Floor of the Nigerian Exchange Ltd (NGX), which also served to introduce him as the new Group Managing Director of Dangote Cement to the dealing members of the Exchange.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-73966 alignleft\" src=\"https:\/\/nationalwire.com.ng\/wp-content\/uploads\/2023\/07\/thumbnail-18.jpeg\" alt=\"\" width=\"400\" height=\"249\" srcset=\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2023\/07\/thumbnail-18.jpeg 400w, https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2023\/07\/thumbnail-18-300x187.jpeg 300w, https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2023\/07\/thumbnail-18-110x68.jpeg 110w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/>He said: \u201cWe have successfully completed our 0.4 million tonnes grinding plant in Ghana and are on track to complete our 1.5 million tonnes grinding plant in Cote d\u2019Ivoire. In addition, we are strengthening our local production capacity efforts to meet future demand with a 6Mt integrated cement plant in Itori, Ogun state. The Itori cement plant will increase Nigeria\u2019s capacity to export cement, enabling more diversification and foreign exchange inflows for the economy.<\/p>\n<p>He stated that Dangote Cement is proud of its strong ties with the NGX and will always look forward\u00a0to embracing new ways to engage and foster this partnership.\u00a0The Exchange, he opined,\u00a0\u201cis very important to Dangote Cement as it provides a platform for our stock to be traded, as well as the means to raise funds through the capital market. The exchange is also one of the regulatory bodies whiCch we comply with. Dangote Cement has made great strides in our debt capital market journey, from the issuance of our maiden \u20a6100 billion 5-year bond in 2020 to another landmark bond issuance, where we raised \u20a6116 billion.\u201d<\/p>\n<p>He added that\u00a0Dangote Cement has also received numerous recognitions from capital market regulators and players\u00a0which include\u00a0the best issuer in terms of the fixed income listings by the Nigerian Exchange Limited (NGX) in 2022.<\/p>\n<p>Earlier, Chief Executive Officer, Nigerian Exchange Limited, Mr. Temi Popoola welcoming the delegation from Dangote Cement lauded the company on its 2022 full-year financial results.<\/p>\n<p>He said that it is heart-warming to welcome the largest listed company on the Exchange and called for more collaborations that will help to deepen the NGX. Popoola said the NGX through its activities and initiatives has boosted investors\u2019 confidence which can be seen in the appreciation of listed equities adding that the goal of the Exchange is to innovate and help more businesses to grow. Part of the innovation he disclosed is the new USSD scheme that makes it possible to access the NGX services on mobile phones.<\/p>\n<p>Photo Captions:<\/p><div data-ad-id=\"32665\" style=\"text-align:center; margin-top:0px; margin-bottom:0px; margin-left:0px; margin-right:0px;float:none;\" class=\"afw afw_ad_image afw_ad afwadid-32665  \">\r\n                                                            <div style=\"font-size:10px;text-align:center;color:#cccccc;\">Advertisement<\/div>\r\n\t\t\t\t\t\t\t<a target=\"_blank\" href=\"http:\/\/www.accessbankplc.com\" rel=\"nofollow\"><img decoding=\"async\" height=\"auto\" max-width=\"100%\" src=\"https:\/\/nationalwire.com.ng\/wp-content\/uploads\/2019\/06\/Banner-1.jpg\"><\/a>\r\n                                                                        \r\n\t\t\t\t\t\t\t<\/div>\n<p>From Left -Group Chief Finance Officer, Dangote Cement Plc, Dr. Gbenga Fapohunda; Head of Primary Markets, Nigerian Exchange Limited, Tony Ibeziakor; Ag. Company Secretary, Dangote Cement Plc, Edward Imoedemhe;\u00a0Group Sales and Marketing Director, Dangote Cement Plc, Rabiu Umar; \u00a0Chief Executive Officer, Nigerian Exchange Limited, Temi Popoola;\u00a0Group Managing Director\/CEO, Dangote Cement Plc, Arvind Pathak; Non-Executive Director, Dangote Cement Plc, Ernest Ebi; Deputy Group Managing Director, Dangote Cement Plc, Philip Mathew; \u00a0Division Head, Capital Markets,\u00a0Nigerian Exchange Limited,\u00a0 Jude Chiemeka; Head Investor Relations, Dangote Cement Plc, Temilade Aduroja; \u00a0Chief Digital Officer, Nigerian Exchange Limited, Dr. Femi Oyenuga at Dangote Cement closing Gong ceremony at the Nigerian Exchange Limited on Wednesday, July 12, 2023.<\/p>\n<p>Pix 2<\/p>\n<p>From Left &#8211; Group Sales and Marketing Director, Dangote Cement Plc, Rabiu Umar; \u00a0Deputy Group Managing Director, Dangote Cement Plc, Philip Mathew;\u00a0Chief Executive Officer, Nigerian Exchange Limited, Temi Popoola;\u00a0Group Managing Director\/CEO, Dangote Cement Plc, Arvind Pathak; Non-Executive Director, Dangote Cement Plc, Ernest Ebi; \u00a0at Dangote Cement closing Gong ceremony at the Nigerian Exchange Limited on Wednesday, July 12, 2023.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Dangote Cement has concluded plans to expand its production capacity through the construction of a new 6Mt integrated cement plant in Itori, Ogun State. According to the Group Managing Director, of Dangote Cement, Mr. Arvind Pathak, the new plant on completion, will strengthen local production of Dangote Cement in Africa.<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":6,"featured_media":73967,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[1508],"coauthors":[2391],"class_list":["post-73965","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-dangote-cement"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Dangote Cement Increases Capacity With New Plants In Nigeria, Cote d\u2019Ivoire &amp; 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