Dangote Cement recently pegged its 32.5 cement grade at N1, 000 per 50 kg bag, while the higher 42.5 grade is to sell for N1,150 per bag. But Group Managing Director of Dangote Cement Plc, Mr Devakumar Edwin dismissed as baseless and reckless the accusation that the price reduction was intended to chase some manufacturers out of the market. A statement from the Dangote Group said Edwin made the denial when he featured on a Lagos based Channels Television business programme, “Business Morning”.
The Dangote Cement boss wondered how the price cut would affect his competitors when they don’t have the same production capacity.
