Dangote Cement Enters Another African Country Market, Ready To Challenge Competitors

Dangote Cement (NGX: DANGCEM) is set to enter the Ivorian market by the end of 2025 with a new $250 million grinding plant in Attingué near Abidjan, aiming to challenge existing competitors like Lafarge Holcim and Cim Ivoire. The country currently has an annual consumption of around 7 million tonnes with a capacity utilization of only 45%.

Despite the regulated prices in the market, Dangote's investment and expertise are expected to help capture market share. In response, Lafarge Holcim plans to invest in new storage capacity.

Dangote Cement's move comes amidst rising revenues in the cement industry, with BUA Cement (NGX: BUACEMENT) and Lafarge Africa also experiencing growth. This expansion highlights the intensifying competition in the Nigerian cement market, where Dangote Cement currently holds the largest market share.