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News US investors visit Nigercem cement plant

US investors visit Nigercem cement plant

Written by Global Cement staff 07 August 2018
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Nigeria: A group of investors from the US have visited Ibeto Cement’s Nigercem plant in Nkalagu. The visit was part of an assessment to prepare Ibeto Cement for a listing on a stock exchange in the US, according to the This Day newspaper. Cletus Madubugwu Ibeto, the chief executive officer (CEO) of Ibeto Group said that Chinese contractors were due to work on upgrading the plant to a production capacity of 6000t/day with a 45MW waste heat recovery unit. In May 2018 Beta Cement signed an investment deal with US-based private equity firm Milost Global for US$850m.

Last modified on 08 August 2018
Published in Global Cement News
Tagged under
  • Nigeria
  • US
  • Nigercem
  • Ibeto Cement
  • Ibeto
  • Investment
  • Plant
  • Upgrade
  • Waste Heat Recovery
  • Milost Global
  • GCW365
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