Tanzania, are you ready for your new cement producing factory?
The richest African man Aliko Dangote is opening a cement production firm in Tanzania by August. Dangote Cement Plc has said it will begin production in Tanzania as they seek new markets on the continent.
The factory is $500 million worth with an annual capacity of three million tonnes, this will double the country’s annual output of cement to six million tonnes.
Dangote’s factory is being built in the Mtwara region and has already applied last year for a license to build a 75 megawatt coal-fired plant in Tanzania that would power the cement factory. Initially it will power the plant from electricity on the grid.
The Nigerian company plans to roll out plants across Africa to reach an annual capacity of 62 million tonnes by 2017, up from an estimated 42 million tonnes last year.
Dangote Cement Plc in Tanzania will be competing with other Tanzanian cement producers including Tanzania Portland Cement, owned by a subsidiary of Germany’s Heidelberg Cement AG ; Tanga Cement, majority owned by Afrisam Mauritius Investment Holdings Limited; and Mbeya Cement, owned by France’s Lafarge SA.