Dangote Cement Plc, yesterday, signed contracts worth $4.34 billion (about N807 billion) with China’s Sinoma International Engineering Co., to build cement plants across nine African countries.
Speaking at the signing in Lagos, Chairman of Dangote Cement, Aliko Dangote, said: “The plants to be built in Cameroon, Ethiopia, Kenya, Mali, Niger, Nigeria, Senegal and Zambia, with another in Nepal, Asia, would add around 25 million tonnes to the company’s existing capacity of around 45 million tonnes.
“The projects are going to be delivered within the next 30 months and the production capacity will have reached 70 million tonnes within that time frame. We are not going to stop there. By 2020 we are targeting 100 million tonnes.”
