The Mangal Cement Company Limited, owned by Katsina-born billionaire Dahiru Mangal, has started selling cement produced at its newly completed $1.5 billion plant in Kogi State. ..Read Full Article
In a post he made on X, a man, Maleek Ana, displayed two bags, claiming he bought a bag at the cost of N6,000.
The man wrote on X:
“The Price Of Mangal cement is 6k.”
See his post:
As reported that the facility will produce about 200 cement trucks daily, which analysts say will create direct and indirect jobs.
Mangal Industries signed a deal with a Chinese company, Sinoma, to build the facility in November 2021..
The company’s chief executive officer, Fahad Mangal, promised a state-of-the-art, technology-driven facility with no environmental threats.
Nigerians react to Mangal cement price
@Melebroz1 commented:
“This is a positive move, but I think Mangal Cement’s production line might only handle 200 bags per day.”
@YDutsun44451 said:
“Mangal, thank you for intensifying the competition in the cement market. You should consider lowering your price to quickly gain more awareness.”
@de_prof_de_chef added:
“Any plans to make it even cheaper, like N4k? Also, how strong is it?”
@Olowolagbaomo remarked:
“This is a market strategy at work. Dangote did something similar when they entered the market, selling at N1,250/N1,300 when the market price was N1,650. It’s a good time to take advantage of it.”
@Wf_Bobson suggested:
“Why is it priced at N6k? That’s too high. Reduce it to N2k to make it more affordable for the average person and to undercut Dangote’s products.”
@Abbadanejo asked:
“I want to buy 50 bags. Can anyone help me with that?”
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