Friday, June 19, 2015
Dangote cement Empire expand to Asia
Billionaire and Africa Richest man Aliko Dangote said he is expanding his cement empire to Asia,according to Blomberg Dangote said his factory in Nepal will be operation within 30 Months,precisely by end of 2017 having received 90% of the regulatory approval
“It’s going to be one of the first factories for us to build outside our comfort zone, outside Africa,” Dangote, wearing white traditional robes, said in a recent interview at his office in Nigeria’s commercial hub, Lagos. Further expansion beyond Africa mainly “will happen through acquisition,” he added.
Dangote has invested $400m in a Nepal Cement plant with a capacity of 2 million metric tonne
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