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US$35m Cement Factory for Liberia

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US$35m Cement Factory for Liberia

The Liberian government has brought relief and joy to its citizens with the official opening of a multimillion dollar cement factory here, the Dangote Cement Liberia (Limited), a subsidiary of the Dangote Cement PLC of Nigeria, which is contemplating to infuse an investment capital of over US$35 million in the country.

Speaking during the signing ceremony held in Monrovia  at the head office of the National Port Authority on Bushrod Island, the President and Chief Executive Officer of Dangote Cement PLC Nigeria, Alhija Aliko Dangote, spoke highly of the interest his company has in helping to robustly boost the growth of the Liberian economy.

He also disclosed that his company, which is expected to start operation in the next six weeks, will employ hundreds of Liberians, and other nationals.

He boasted that the parent Company of Dangote Cement Liberia (Limited), Dangote Cement PLC Nigeria, which was established in 1978, has to its credit over US$15 billion investment capital, promising to infuse similar assets into the Liberian economy.

Signing on behalf of the Liberian Government, the Managing Director of the National Port Authority (NPA), Madam Matilda Wokie Parker, welcomed Alhija Dangote and his delegation to Liberia, and lauded the initiatives being applied by the company to invest the economy.

Speaking to reporters immediately after the signing ceremony, Madam Parker said the NPA will play host to the operation of the new cement factory, noting “We are glad to have this multimillion dollar company to begin operation here at the NPA.”

Following the signing ceremony, Alhija Dangote and his 5-man delegation, including the Group Managing Director, Knurt Ulvmoen, escorted by Police the Offices of President Ellen Johnson Sirleaf at the Ministry of Foreign Affairs for further discussion.

The opening of a new cement factory in Liberia will bring to two the number of cement factories here. CEMENCO, which is currently enjoying monopoly in the sector, has been around for over 50 years.


 

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