Dangote signs US$3.9bn contract with Sinoma
The Dangote Group of Nigeria and Chinese firm Sinoma have entered into a fresh US$3.9bn contract to be executed in six African nations.
The contract which was signed in Lagos by the President of Dangote Group, Alhaji Aliko Dangote, and President of Sinoma, Wu Shoufu, will see Dangote cement’s output across Africa rise to about 50Mta in two and a half years.
Dangote said the move is in line with his company’s overall objective of boosting cement production and supply within the African continent to make it accessible and affordable.
Group Executive Director, Business Development of Dangote Group , Edwin Devakumar, told journalists after the contract signing ceremony that the Engineering, Procurement and Construction (EPC) contract with Sinoma will see Dangote Group spread cement production across five other African states apart from Nigeria, Senegal and Ghana.
The new contract includes 1.5Mta integrated cement plants in Ethiopia, Tanzania, Republic of Congo and Gabon.
The projects also include a 3Mta integrated cement plant in South Africa. Other projects covered in the EPC agreement include a fresh 3Mta capacity line in Obajana, Kogi state; two lines with combined output capacity of 6Mta in Ibeshe, Ogun State, as well as a 1.5Mt cement grinding plant in Cameroon.
“The total value of all the projects including the EPC, power plants and mining equipments will be about US$3.9bn and all the projects are expected to be delivered in 27 months from kick off” Mr Devakumar said. Published under Cement News
