Nigeria: Dangote Industries has signed a memorandum of understanding (MoU) worth over US$800m with China-based Sinoma International Engineering to expand the production capacity of its Itori cement plant in Ogun State from 6Mt/yr to 12Mt/yr. The agreement was signed by the president of Dangote Group, Aliko Dangote, and the chair of Sinoma, Lin Zhong.
The expansion project is expected to raise Dangote Cement’s production capacity, enabling the company to meet rising domestic demand and expanding exports to African and other international markets. Dangote attributed the decision to expand the Itori facility to the government’s renewed emphasis on using concrete for road construction as well as growing opportunities to supply cement to African countries facing shortages.
“This US$800m investment represents another bold step in our commitment to strengthening Nigeria’s industrial base and reinforcing our leadership in Africa’s cement industry,” said Dangote. “The expansion of our Itori plant from 6Mt/yr to 12Mt/yr will not only enhance our ability to meet growing domestic demand, but also significantly increase our export capacity, thereby generating valuable foreign exchange for the country.”
