Dangote Industries Limited and Sinoma International Engineering Co. Ltd have signed a Memorandum of Understanding valued at over $800m to expand the Dangote Cement Plant in Itori, Ogun State, doubling its production capacity from six million to 12 million metric tonnes per annum.
According to a statement on Sunday, the agreement, signed by the President of Dangote Group, Aliko Dangote, and the Chairman of Sinoma, Lin Zhong, is expected to enable Dangote Cement to meet growing domestic demand while substantially increasing its export capacity.
The expansion is also expected to strengthen Nigeria’s position as a leading cement-producing nation and expand the country’s footprint in regional and international cement markets.
Speaking at the signing ceremony, Dangote described the project as a major milestone in the company’s long-term growth strategy and its commitment to supporting Nigeria’s industrialisation agenda.
While thanking President Bola Tinubu for providing an enabling environment for businesses to thrive,
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