Dangote Cement Group announces price slash

The company said the move is aimed at stimulating the construction of buildings in the country.

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Labourers work at the Dangote Cement factory in Obajana village in Nigeria's central state of Kogi November 8, 2010. REUTERS/Akintunde Akinleye play Labourers work at the Dangote Cement factory in Obajana village in Nigeria's central state of Kogi November 8, 2010. REUTERS/Akintunde Akinleye
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Reports just in, say Dangote Cement Company has announced a N300 price slash on its product.

Honoree and President of the Dangote Group, Aliko Dangote, arrives at the Time 100 gala celebrating the magazine's naming of the 100 most influential people in the world for the past year, in New York April 29, 2014. REUTERS/Lucas Jackson play Honoree and President of the Dangote Group, Aliko Dangote, arrives at the Time 100 gala celebrating the magazine's naming of the 100 most influential people in the world for the past year, in New York April 29, 2014. REUTERS/Lucas Jackson

 

The company said the move is aimed at stimulating the construction of buildings in the country.

According to Daily Trust Newspapers, "Dangote Cement would reduce the price of its market-leading 3X brand of cement in Nigeria by N300 per 50kg bag, or N6,000 per tonne."

Aliko Dangote commissions cement plant in Ethiopia play

Aliko Dangote commissions cement plant in Ethiopia

(Dele Momodu)

 

Speaking on the new development, the Chief Executive of Dangote Cement, Onne van der Weijde, said: “Our cost-saving initiatives in Nigeria have enabled us to cut the price of cement to a level that is good for consumers yet still allows us to achieve strong returns that are sustainable in the longer term.”

The price slash takes effect immediately.

 

 

 

 

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