Dangote Industries Limited (DIL) has signed an agreement with China Sinoma International Engineering to build a six million tons per annum cement plant in Itori, Ogun State.

The agreement was signed by the Chairman of Dangote Cement Plc, Aliko Dangote alongside the Group Executive Director, Strategy, Capital Projects & Portfolio Development, DIL, Devakumar Edwin, while China Sinoma Engineering was represented by its Group President, Yin Zhisong, and the company’s Chairman, Liu Renyue.

Mr Dangote speaking at the signing ceremony, said that new integrated cement plant at completion will strengthen the local production capacity of Dangote Cement, bringing its local capacity to 41.25 million tons per annum and total African capacity to 57.6 million tons per annum.

He said the Itori Cement Plant will also increase Nigeria’s capacity to export cement, thereby enabling more diversification and foreign exchange inflows for the economy.

According to Mr Dangote, the project is further expected to develop the domestic economy through creation of thousands of indirect and direct jobs and drive economic development in the Itori axis.

Ancillary businesses, he stated will be drawn to the axis, who will be seeking to take advantage of the location of the cement plant to provide goods and services to staff, contractors and other stakeholders.



He added that constructing the new cement plant is in line with Dangote Group’s vision of producing locally goods that were formally imported despite the abundance of raw materials for local production of such goods.

He described Sinoma as a strategic partner who has been instrumental to the success of key projects in Dangote Group. He said, “We are comfortable working with your company. You have handled some of our key projects and I am positive that this project will be completed as scheduled.”

Group President of China Sinoma Engineering, Yin Zhisong, expressed satisfaction with the commitment and determination of the Dangote Group in building cement plants across Africa. He said: “It is an honour for us to build another cement plant for Dangote Group. We are proud and happy to be on this journey with the company again.”

When operational, the plant is expected to have two Lines x 6,000 TPD Clinker Production with an installed daily total capacity of 12,000 TPD of Clinker production. It is expected to be completed within 27 months with best-in-class equipment in the cement industry, sourced from Europe’s major equipment suppliers.

The plant will have its own captive power plant to generate electric power for use by cement kilns and other production processes.

The Itori Cement Plant will be Dangote Cement’s fourth plant constructed as a green field project in Nigeria, the rest are Obajana, Ibese and Okpella Plants.

Dangote Cement is Africa’s leading cement producer with 51.6Mta production capacity across Africa with Nigeria accounting for 35.25Mta.

Obajana plant in Kogi state, Nigeria, is the largest in Africa with 16.25Mta of capacity across five lines; Ibese plant in Ogun State has four cement lines with a combined installed capacity of 12Mta; Gboko plant in Benue state has 4Mta; and Okpella plant in Edo state has 3Mta.

Biodun556:
Dangote, the fearless and strategic investor.

Missgeraldine:

But monopoly is not good for Nigeria's economy and small businesses

Missgeraldine:

Younger looking version of dangote is a kind of man I'd love to marry in the future ...


But monopoly is not good for Nigeria's economy and small businesses

Missgeraldine:

Younger looking version of dangote is a kind of man I'd love to marry in the future ...


But monopoly is not good for Nigeria's economy and small businesses

Missgeraldine:

Younger looking version of dangote is a kind of man I'd love to marry in the future ...


But monopoly is not good for Nigeria's economy and small businesses

Emir01:
God bless Dangote. This is the person that can be talking about consumption to production that I will listen not someone that is importing virtually everything he sells.

N3TRAL:
Nothing Peter Obi touches succeeds.

Peter Obi inherited more than 100 million dollars from his father. He has failed to increase his inheritance at the rate of even 2% in the last 3 decades.

Peter Obi was a rich kid. He was what the likes of DJ Cuppy, Paddy Adenuga and Jowi Zaza are today.

With the money Peter Obi inherited, his brand should have dominated Africa if he ventured into retail. In fact, there shouldn't have been a ShopRite if he was innovative. Next should have dominated African countries.

Look at Access Bank and GTbank. That's what Fidelity bank should have been if Peter Obi had a Midas touch. They started around the same time. Peter Obi chaired the bank during Nigeria's biggest banking revolution.

This is not political banter.

He invested Anambra's State money in a brewery right? Isn't the investment a loss of billions of Naira?

That's who Peter Obi is. He's worth less than he inherited from his father today by saving more and buying failed stocks.

He's acknowledged that he inherited 100 million+ dollars from his father. His foreign accounts that were spied on and published during the Pandora saga revealed he had less than 30 million dollars stacked in safe havens.

Dangote, Bua, Tony Elumelu, Adenuga etc inherited less but see where they are today.

Buhari isn't so different. He failed at everything he ever did apart from politics. His cattle husbandry was reported to have remained stagnant with the same number of cattles for more than a decade.

What Buhari and Obi have in common is that they preach integrity but una go suffer die because they have no idea about money making. Make honest Anambra people confess as boys migrate during his time. Hardship no be small.

Let's face it, businesses will enjoy better under an Atiku government than Obi's government.

Tinubu is the ultimate. Na baba for wealth creation. He turns everything to gold.

Knowing what Buhari and Obi share in common made me reject Obi from day 1. I swear I know say we go suffer if Obi wins.

Chetas81:
THEY SHOULD CONTINUE TO SALE THEIR LAND FOR MONEY AND THEY WOULD BE SLAVE UNDER THEIR LAND IN FUTURE ____ FUTURE IS AN ENGLISH LANGUAGE BUT SOME NIGERIAN DON'T KNOW THE MEANING