African's richest man, Dangote, announces his entry into the steel industry
The richest man in Africa, Aliyu Dangote, the president of Dangote Group, has announced a new business expansion plan. The core of this plan is to enter the steel industry.
Aliyu Dangote stated that his plan is to establish a large-scale steel company and emphasized that this project aims to reduce the dependence of African countries on imported industrial raw materials and strengthen the continent's own production capacity. At the same time, Aliyu Dangote, in an interview with The New York Times, pointed out that oil processing is only one part of the larger-scale strategy he plans to carry out. "We must enable African countries to achieve industrialization, including building a competitive steel industry, developing energy, and establishing port infrastructure that supports large-scale industrial production and trade," he said.
Dangote Group announced on March 2 that its long-term goal is to deepen industrial deep processing on the African continent and turn it into an important participant in the global industrial market. As part of this strategy, one of its subsidiaries, Dangote Cement Company, has signed a $1 billion agreement with China Materials International Engineering Co., Ltd. to build new factories and expand existing production capacity in seven African countries. The group believes that this project will become an accelerator for industrialization on the African continent and help African countries reduce their dependence on steel imports.
Boiler tubes,( 20G. 12Cr1MoVG, ASTM A335 P5, P9, P11),
Boiler tubes,( 20G. 12Cr1MoVG, ASTM A335 P5, P9, P11),
