Dangote eyes aggressive market share gains

Cement producer Dangote Cement is aggressively targeting 60% market share in all countries where it operates as it cuts prices, doubles its production and expands it geographic footprint over the next three years, positioning itself to benefit from the 6.1% cement demand growth expected from sub-Saharan Africa. Dangote regional CEO for East and Southern Africa Albert Corcos on Monday told delegates at the CBI Africa conference, in Sandton, that the company aimed to raise its cement production capacity to 83.7-million tonnes a year by 2019, up from the current 41.7-million tonnes a year.