Nigerian group Dangote starting construction of cement plant after three months

Nigerian group Dangote starting construction of cement plant after three months
18 June 2015 | Republica

KATHMANDU, JUN 18: Dangote Cement Nepal (P) Limited has said it would start construction of plant in Makawanpur district after three months. Speaking at a press meet in Kathmandu on 17 June, D V G Edwin, executive director of Dangote Group, said that they will complete all preparatory works, licensing and permissions within three months. He also said the company will also acquire license for additional mine by then. Dangote Cement Nepal plans to start production within three years with an investment of US$ 550 million. It will be Dangote Group Conglomerate's 15th cement plant across the world. The plant will have the capacity to produce 6,000 tons per day. Meanwhile, Dangote Group -- a Nigerian business conglomerate -- has provided assistance of $1 million to Prime Minister Disaster Relief Fund. The support was provided through Dangote Foundation -- a corporate social responsibility arm of Dangote Group.

Zouera Youssoufou, managing director of the foundation, handed over the check to Prime Minister Sushil Koirala on 17 June. According to company officials, Aliko Dangote, chairman of Dangote Foundation, has also sent a message of sympathy to the government and also assured of foundation's support in rehabilitation of earthquake victims. During a meeting with Dangote executives, Prime Minister Koirala urged the group to invest in other potential areas like tourism, agriculture, and herbal medicines, according to Edwin. Commenting on business doing environment in Nepal, Edwin said the group has investments in Sub-Saharan African Countries where they had to build infrastructures on their own. "Investing in developed countries brings little profits while investing in countries like Nepal can bring more profits though there are lot of challenges," Edwin said. The company is also eying the Indian market to sell its products.