Monday, 3 November 2014

Dangote Reduces Cement Price


Dangote Cement Plc has announced a reduction in the prices of cement with immediate effect.

In the new price regime announced on Sunday by the Group Managing Director, Dangote Cement, Mr. Devakumar Edwin, a 50kg bag of the 32.5 cement grade will now sell for N1,000, while the higher 42.5 grade is to sell for N1,150 per bag instead of the current N1,700 that both grades were going for.

Edwin said in a statement that the move was in line with the company’s commitment to the nation, especially the need for the development of infrastructure and boost ongoing efforts to reduce the near 20 million housing deficit in Africa’s largest economy.

This according to Edwin, this is part of Dangote Cement Plc contribution to the transformation agenda of the President Goodluck Jonathan administration and the attainment of key milestones in the Millennium Development Goals

Edwin also said that Dangote Cement would continue to ensure the alignment of its corporate social responsibility with its strategic business initiatives, and would continue to evaluate its pricing regime in the country’s best interest.

No comments:

Post a Comment