Dangote Cement Plc wednesday signed a $4.34 billion worth of contracts with China’s Sinoma International Engineering to build cement plants across Africa.
The move would see the company expanding its frontiers to Asia by constructing a three million metric tonnes per annum (mmtpa) Cement Plant in Nepal and other 10 African countries. The new investments would cost $4.34 billion
The President of Dangote Group, Alhaji Aliko Dangote, who disclosed this at the signing ceremony of the new plants to be constructed in partnership with Sinoma, a construction firm renowned for construction of ultra-modern cement plants worldwide, assured Nigerians that the country would no longer be used as a dumping ground as the company now has the capacity to export 10 million metric tons of cement outside the country.
Dangote is currently in 15 African countries, including Kenya, Niger and Mali, which are new projects.
The company’s current total capacity stands at 48mmtpa, out of which Nigeria alone has the largest chunk of 29.3mmtpa.
The company will also today inaugurate its new plant in Cameroun with a total capacity of 1.5mmtpa
The company will also today inaugurate its new plant in Cameroun with a total capacity of 1.5mmtpa
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