Dangote Cement on track to double production capacity in 2014

Other cement majors borrowed heavily for mergers. One of the key reasons Dangote Cement has been able to grow aggressively in the African market is because they are cash strapped while Dangote Cement does not have that problem.

Dangote’s main rival in its home market is France’s Lafarge.

Dangote has long said it intends to list in London, although a plan to do so last year has been put back.<.p>

According to company executive, Devakumar Edwin, the reason it was taking time to list was that investors had not fully appreciated the value of Dangote’s non-producing assets outside Nigeria. “But that is changing,” Edwin said, adding the company hoped to list some time next year.

Source: Reuters

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