Dangote Group, wins contract $1.487bn

Lagos — A Chinese firm has signed a deal worth 1.487 billion U.S. dollars with Nigeria-based cement giant Dangote Group to build cement plants in several African countries.

The plants will be built by China’s Sinoma International Engineering Co., Ltd in countries including Ethiopia, Kenya, Zambia, Senegal, Niger, Mali, Cameroon, Cote D’Ivore Ghana and Nepal.

 Dangote said the move is “another progressive step” toward the company’s plan to increase the total output of cement to 100 million tonnes by 2020.

“We have been partnering with Sinoma for a very long time and I can tell you that they are very reliable to handle this projects,” he said, noting that the Chinese firm had built several plants in Nigeria and other countries for his company.

Dangote said the new plants would promote the growth of the host nations’ economy through job creation, adding he was “committed to improving Africa’s economy in a responsible and sustainable way.”

“This plant would revolutionize the cement industry in each country, because a country like Niger depends solely on importation and they have all the needed materials to produced cement,” he said.

 The projects would include installation of equipment as well as mining, quarry and power facilities, according to Dangote.
Source and Link:  All Africa