Dangote Cement to open terminals in Lagos and Port Harcourt

Nigeria: Dangote Cement plans to open terminals at Lagos and Port Harcourt to export clinker to its grinding plants in West Africa. Chairman Aliko Dangote made the announcement at the company’s annual general meeting, according to the Punch newspaper. At present it exports 1Mt/yr, although it could export up to 8Mt/yr to generate up to US$700m in revenue. Group chief executive officer (CEO) Joseph Makoju it is a ‘major priority’ for Dangote Cement to replace non-African imports in Cameroon, increase foreign revenue and raise the capacity utilisation of its Nigerian plants.