Business
Aliko Dangote expands his “cement powerhouse”
Aliko Dangote
Nigerian billionaire Aliko Dangote commissioned an expansion of his Obajana cement plant on Monday that raised its capacity to 10.25 million tonnes a year, creating what he called a “powerhouse of cement” in Africa and the world.
There are also plans to expand the Obajana plant to make it the world’s biggest cement plant.
The additional 5.25 million tonne a year line at Obajana brings Dangote Cement, Nigeria’s biggest listed company, a step closer to its official target of producing 50 million tonnes of cement across Africa by 2015.
Dangote, ranked Africa’s richest man in Forbes’ 2012 list of World Billionaires, said the additional capacity at the plant in Kogi state, not far from the capital Abuja, raises his firm’s total production capacity in Nigeria to 28 million tonnes.
