I posted this last Sunday Dangote Cement hits Cameroon with 1.5m TPA 0
By Our Reporter on December 23, 2014 Business
The first set of the Dangote Cement bags, the 3X Premium, will hit the Cameroon market in January 2015, the management of the company has said.
Conducting the Cameroonian media round the 1.5 million metric tonnes per annum capacity plant in Douala, the General Manager of the plant, Baba Abdullahi, said the plant was already being test run and full production would start next month.
He said Dangote Cement would be deploying its state-of-the-art machinery and latest technology from the point of production to delivery to customers having been known for employing best practices in its operation.
According to him, the entry of Dangote Cement in the Cameroonian market would significantly contribute to the country’s growth and that the management is upbeat about the prospect of stimulating the construction and housing sectors of the economy.
Abdullahi stated that cement customers in the country are anxious to buy Dangote brand because the 3X 42.5 grade would be the first in the market that is produced locally.
“Everything is set for full production as the test run commenced earlier in the week. The imported clinker and gypsum are on ground and pozollan, which is locally sourced is available.
The power house, which is one of the last of the plant facilities to be installed is almost completed, to bring the plant to 100 per cent readiness.
The test run, he stated, will enable the regulatory authorities to carry out independent quality check. “Bodies such as LABO genie and ANOR would be carrying out check on the quality of the cement.”
It would be recalled that Dangote Cement started the construction of the Cameroon plant in 2012 and has over time employed thousands of artisans and technicians.
“Today it has over 250 permanent staff. The company has risen above all challenges during the construction phase and is set to produce 1.5 million tonnes per year.
Jim Dangote themselves in December said the first cement would hit the market the first week in January that's not VOG making it up, it was the head man in Douala plant that was saying this. A slight delay maybe i keep checking their website nut nothing as yet.
Space I will try and find the link tonight , I thought I posted the link a month ago , some links I dont keep and that might be one of then , but i remember along the lines was that they were going to use the grid very short term even before the jetty they intend to build , I also read that General Electrics got the contract to supply all Dangote factories in Africa if they need a genset. so let me check it out later , but only under a week ago I post a link that Dangote had tested their plant and production start this week
Mr Jim, I am all for being positive about Dangote using gas generators but I have seen nothing anywhere that says they 100% have gensets in Cameroon, or that they will be using them this year. Please provide the source of your statement that says they will be.
The market has barely been open for an hour and you have already posted 7 times today about a company that you do not hold shares in, all negative as per usual. Why do you care what happens here you no longer have anything at stake! The latest 'conspiracy theory' is cash burn. Do you think that Grimm after having a full audit of the VOG operation etc. would be happy paying money into a company that (in your opinion) is burning cash so negligently? He is a shrewd operator and would have plenty to say if cash was being blatantly wasted and then he was being asked to pay 40%. You should seriously consider taking up a hobby as you obviously have too much time on your hands. Go find a nice 10000 piece jigsaw and leave the investing to people who understand risk and reward and are willing to gamble their money based on their own balanced judgements.
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