VENTURES AFRICA – Africa’s largest cement production company, Dangote Cement has revealed plans to open more cement depots across the Nigeria as part of its strategy to drive down the cost of cement in the country and make the product more accessible to the consumers.
Dangote Cement aims at liberalising its distribution channels by widening its sales point network. The company is of the opinion that the establishment of more cement plants across the country will not only stabilise the price of the product, but reduce its price thereby guaranteeing availability at the most reasonable price.
According to Devakumar Edwin, Group Managing Director, Dangote Cement, the company has acquired 5000 trucks to boost logistics and enhance prospects of even distribution of cement across the nation.
The MD disclosed that after solving the problem of logistics, the company will proceed to ensure a wider distribution depot, register more dealers and bring the product closer to the customers. He said the cement company is trying to liberalise the distribution network by increasing our depots and registering more credible distributors.
“All we required is the certificate of company registration, two passport photographs and letter of intent.”
“Henceforth, we are guaranteeing 48 hours registration with a minimum purchase of one trailer load that is 600 bags monthly. In fact, no deposit is required. And customers can collect from any of our plants,” he added.
Edwin also explained that “with Obajana’s 10. 25mtpa, and its fourth line under construction, the company’s production capacity will be far above the nation’s demand.” He also stated that the company hopes that the effort will make cement available and accessible throughout the country, check and stabilize the price of the product on the long run.
Dangote Cement is a subsidiary of Dangote group Plc. The cement company contributes 30 percent of the market capitalization on the Nigerian Stock Exchange (NSE), and is owned by the richest man in Africa, Alhaji Aliko Dangote.