Dangote Cement has again announced new slashed prices of its cement varieties, following its economy of scale occasioned by the recent introduction of new production lines in Okpella Edo State and Itori in Ogun State worth nine million metric tonnes.
The firm, in a statement, said that the price cut from N1800 to N1300 was to ensure the product is affordable to all segment of users. The company has also gone a step further to train block moulders on the right mix to get quality blocks.
During a national meeting of the National Association of Block Moulders of Nigeria (NABMON), in Umuahia, the Abia State capital, Regional Sales Director of Dangote Cement, Johnson Olaniyi, stated that Dangote Cement considered incessant building collapse as an indictment on all sector operators and stakeholders, hence his company’s resolve to continue the collaboration with all so as to tackle the menace.
While assuring that Dangote Cement would continue to ensure that block moulders have access to its quality cement as part of its contribution to the war against building collapse, the Sales Director further stated that the company reduced the price of its cement from N1800 to N1300 so as to enable Nigerians have unhindered access to the product.
Dangote Cement Plc had in Lagos, over the weekend, announced that it will be building new cement plants in two communities in the country, which are in Okpella in the northern part of Edo State and Itori in Ogun State.
The new plants are expected to add 9 million metric tonnes per annum (mmtpa) to the company’s current local output of 29.25mmtpa, raising it to a total 38.25mmtpa.
Bringing back to mind that in November 2014, the leading cement manufacturer, Dangote Cement Plc, announced huge cuts in the price of the essential product.
The new price regime pegged the Dangote 32.5 cement grade at N1,000 per 50 kg bag, while the higher 42.5 grade is to sell for N1,150 per bag.
The new prices which were exclusive of the Value Added Tax (VAT), represented about 40 per cent discount on the prevailing market price of the product, which at the time sold for N1,700 across the country irrespective of the grade.