By Aisar Fagge
The Dangote Industries Limited (DIL) alongside China Sinoma International Engineering (CSIE) have signed an agreement to build a six million tons per annum cement plant in Itori of Ogun state.
Alh. Aliko Dangote, the Chairman of Dangote Cement Plc, made this disclosure during the signing ceremony.
Dangote stated that he signed the agreement alongside the Group Executive Director, Strategy, Capital Projects & Portfolio Development, DIL, Devakumar Edwin.
While China Sinoma Engineering, on the other hand, was represented by its Group President, Yin Zhisong, and the company’s chairman, Liu Renyue.
Dangote said that the new integrated cement plant at completion would strengthen the local production capacity of Dangote Cement and bring its local capacity to 41.25 million tons per annum and total African capacity to 57.6 million tons per annum.
He further stated that the Nigeria’s capacity to export cement would also be increased, the development that would enable more diversification and foreign exchange inflows for the economy.
He also noted that the project would further develop the domestic economy through creation of thousands of indirect and direct jobs and drive economic development in the Itori axis.
Leave a Reply