Twenty-four hours after it migrated to the prestigious Nigerian Stock Exchange (NSE) Premium Board, Dangote Cement Plc yesterday signed agreements with Sinoma International Engineering Company Limited of China for construction of 9 new cement factories in Africa and Napal (South Asia). The agreements cover construction of new fully integrated cement factories as well as jetties. When completed, the facilities will boost Dangote Cement production capacity to 71 million metric tonnes of cement per annum within two years. Mr Aliko Dangote, President/Chief Executive Officer, Dangote Industries Limited, who disclosed these in Lagos yesterday at the signing of the agreements with Sinoma for the construction of new 8 fully integrated cement plants across Africa and one in Napal expressed optimism that it would uplift the economies of the host countries in particular and Africa in general.
According to Dangote, the company aims to achieve a production target of 100 million metric tonnes of cement per annum by 2020, as well as ensuring that Africa becomes self-sufficient in cement production instead of being a dumping ground for the commodity as it presently is. He noted that the facilities would also add value to the business life of Africa as well as create opportunities for the immediate host communities to benefit from the company’s robust corporate social responsibility programme. According to Dangote, the new cement factories will be located at Nepal – 3 million metric tonnes per annum (mmtpa); Ethiopia – 2.50 mmtpa; Kenya Malimbi 1.50 mmtpa; Kenya Namanga – 1.50 mmtpa; Zambia 1.50 mmpta and Senegal 1.50 mmtpa. Others are Niger 1.50 mmpta; Itori 2 (Ogun State Nigeria ) 3.00 mmtpa; Itori 3.00 mpta and Mali 1.50 mmpta. The company will also locate 1.50 mmtpa facility in Cameroun to be commissioned today with a jetty; 1.50 mmpta in Cote D’Ivoire and 1.50 mmtpa in Ghana. The facilities have a combined production capacity of 25.00 million metric tonnes and will cost about $4.34 billion.
Dangote explained that the ceremony would witness the exchange of two contracts already signed by the company with Sinoma. He expressed pleasure that the new plants would create about 25,000 jobs in the host countries and Africa in general. In his response, Mr Shen Jun, CEO, Sinoma International Engineering Company Limited said the company would endeavour to execute the jobs to the satisfaction of Dangote to ensure that the good relationship between the two companies was maintained. He said Somani has executed various companies in Africa, including Ethiopia, Zambia, Cameroun and Nigeria.
“These contracts with Dangote Group will bring our relationships to a new era,” he said, noting that they would ensure that Dangote benefits from the professional excellence for which Sinoma is known across the globe. The Embassadors of Mali and Zambia attended the ceremony, while Ambasaddors of other host countries sent representatives. Dangote disclosed that the robust corporate social responsibility of his company had transformed their host communities in the areas of infrastructure and education and that the development that Dangote brings to its host communities has led to the establishment of many banks in the areas.