Dangote Cement Plc, has denied any form of price increase in its products.
The company made this clarification after a recent report circulating round that the price of the Dangote cement would be reviewed upward, Leadership reported.
The senior general manager, branding and communication, Dangote Industries Limited, Sunday Esan, said Dangote Cement is not embarking on a price increase, affirming that the news was only a mere speculation.
The chief executive officer of Dangote Cement, Michel Puchercos, said, “to mitigate the impact of the significant increase in energy and AGO costs, we are strengthening our efforts to ramp up the usage of alternative fuels.
“So far this year, we have co-processed 101,553 tonnes of waste representing a 77 per cent increase over nine months, 2021.
“We are on track to commission our Alternative Fuel feed system at Obajana lines I and V, and Ibese line II in November. In addition, we are ramping up our investment in Compressed Natural Gas (CNG), to reduce our AGO usage.”
Dangote Cement, is Africa’s leading cement producer with nearly 51.6Mta capacity across Africa.
A fully integrated quarry-to-customer producer, it has a production capacity of 35.25Mta in its home market, Nigeria.
Obajana plant in Kogi state, Nigeria, is the largest in Africa with 16.25Mta of capacity across five lines while the Ibese plant in Ogun state has four cement lines with a combined installed capacity of 12Mta.
The company is engaged in the manufacture, preparation, import, packaging, and distribution of cement and related products in Nigeria, and has plants or import terminals in nine other African countries