Saturday, April 20, 2024

Cement factory prices haven’t increased, forces of demand, supply responsible for rising cost – Dangote

Uba Group

BY BANYO TEMITAYO                                   

DANGOTE Cement Plc has said that prices of its products have not increased at the factory level, but are being driven up by the forces of demand and supply.

The company said this just as it pointed out that Dangote Cement had invested greatly in enlightening consumers on the different applications and the best optimal use of the product.

Group Sales Marketing Director, Dangote Cement, Rabiu Umar, who said this at an interactive session with Building and Industry Professionals in Kano, on Thursday, added that this was in furtherance of measures put in place for more supply of Cement to the market.

He assured that appropriate measures were being taken and that in about 90 days, from now, more products would be pushed into the market to make the prices bearable for consumers.

A statement from the company said, “Significantly, new lines have been created to increase supply and impact the market favorably, by churning 15,000 tonnes per day or averagely 450,000 tonnes per month, resulting from the Gboko cement back to operation process.

“The new Obajana line awaiting start up is also for additional capacity, as well as the Okpella cement soon to commence operation.

“The 2000 trucks injected into the system is to ensure better distribution of the product to the nooks and crannies

“This forum is a testament to our commitment to enlighten the people, sensitize the market and get feedback for improvement, and satisfaction of consumers.”

The Special Guest and Registrar of the Council for the Regulation of Engineering in Nigeria (COREN), Prof. Joseph Odigwe, said government was not unaware of the issues surrounding high cost of cement, adding that necessary actions were being taken to proffer solutions to the problems.

For the technical part, Engr. Isa Kachako gave a power point presentation regarding manufacturing of Cement, and the different processes.

A cross section of the Building professionals said Dangote cement had served their needs over the years and expressed hope that the interventions cleared all doubts regarding Dangote cement.

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