CCNN earmarks NGN48bn for expansion project

CCNN  earmarks NGN48bn for expansion project
Published: 02 July 2015

The Cement Company of Northern Nigeria (CCCN), on Tuesday said it would invest NGN48bn (US$240m) into the ongoing modernisation of its facilities to double its production capacity.

Alf Karlsen, managing director of CCNN, told Business Day (Nigeria) that when completed, the company would have the capacity to produce 1.5Mta.

Mr Karlsen also disclosed that the firm had completed the process acquiring new mining areas to expand its quarry activities. He explained that the company’s expansion project had led to the relocation of Sabon-Gida, Danatu and Gidan Mubaga villages “to a fully developed new settlement" provided by the firm.

He added that the additional capacity would allow the cement producer to keep up its present pace of the overall industry and widen into new markets.