Chinese sign US$733m cement deals in Nigeria and Myanmar

Chinese sign US$733m cement deals in Nigeria and Myanmar
13 December 2013

Sinoma and CITIC Heavy Industries have agreed deals worth US$733m to construct cement plants in Nigeria and Myanmar, respectively.

Sinoma International Engineering Co Ltd, part of China National Materials Co Ltd, signed a US$536m contract with Nigeria’s Dangote Cement Plc, according to a Reuters report. Sinoma and Dangote will build two clinker cement production lines in Nigeria, each with a cement capacity of 6000tpd.

Meanwhile, CITIC Heavy Industries is collaborating in Myanmar with a unit of Siam Cement Group, Mawlamyine Cement Ltd, on a cement production facility with a capacity of 5000tpd, it said in a statement. The project, worth US$197m, follows a similar contract that CITIC and Thailand’s Siam Cement signed in May to build a cement production line in Cambodia, CITIC said.

“The signing of the project and a smooth implementation will have a positive impact on the company’s future operations,” CITIC said. “It will also further develop the company’s presence in the southeast Asian cement market, giving a boost to our financial results.”

In November, China Machinery Engineering Corp entered a US$236m agreement with Kar Group for a 6000tpd cement plant project in Iraq.

Published under Cement News