Dangote Cement plans to double investment in Zambia to
around US$900 million by building a second cement plant,
the company’s vice-president said on Tuesday.
Dangote has already built one cement plant at a cost of $450
million in Masaiti, some 300 km (200 miles) north of Lusaka
that is expected to produce 1.5 million tonnes of cement
annually when it reaches full capacity by the end of this
year.
“That’s also in progress and it will soon come up for
commissioning,” Dangote group vice-president Sani Dangote
told reporters, referring to the new plant.
“It will be of the same capacity as this plant,” Dangote said,
without giving a time frame.
The power problems facing Africa’s second largest copper
producer would not affect Dongote’s production because the
company had built its own 30 megawatt coal powered plant,
he said.
Zambian power utility Zesco Ltd is limiting supplies after
water levels at its hydro-electric plants dropped due to
drought.
Reuters
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