Dangote Cement, Africa’s biggest producer of the building material, said it plans to more than double annual total output to 55 million metric tons by 2015, more than the 51 million it forecast last year.
The target, up from current output of 20 million tons, is based on “visible projects in Africa,” Chief Executive Officer Devakumar Edwin said last week on a conference call from Lagos, Nigeria’s commercial capital.
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The company, owned by billionaire Chairman Aliko Dangote, plans to start output in Cameroon, Zambia and South Africa in 2014, while it expects to produce in Tanzania, Ethiopia and Democratic Republic of Congo in 2015, Edwin said.
Dangote Cement expects steady progress on Africa from this year and “an increase in volumes from Nigeria with sales nearly up 16 percent in the first quarter of 2013, more than the market’s growth rate.”
