Dangote Cement Signs Contracts to Add 25 Million Tons a YearBy and
Total cost estimated at $4.34 billion across 11 countries
Nigerian producer targets 100 million tons capacity by 2020
Dangote Cement Plc, Africa’s biggest producer, will add 25 million metric tons of capacity across 11 countries after agreeing to contracts with Chinese construction company Sinoma International Engineering Co. Ltd.
The total project cost is expected to be about $4.34 billion, Lagos, Nigeria-based Dangote said in a statement on Wednesday. Cement facilities will be built in Nigeria, Ethiopia, Kenya, Zambia, Senegal, Niger, Mali, Cameroon, Ivory Coast, Ghana and Nepal.
Dangote Cement, controlled by Africa’s richest man, Aliko Dangote, has expanded capacity five-fold in the last four years as the company invested outside its home market. The latest developments will boost capacity to more than 70 million tons and Dangote is targeting further gains to about 100 million tons of potential output by 2020, the billionaire said in a speech in Lagos.
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