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Dangote, Tough Deal at Ogun Cement Plant.

Dangote Industries Limited announced that it has signed a contract with China Sinoma International Engineering to build a 6 million tonne/year cement plant in Itori, Ogun State.

According to a statement from the company, the agreement was signed by Aliko Dangote, chairman of Dangote Cement Plc, along with Devakumar Edwin, managing director of strategy, capital projects and portfolio development of the company, while ChinaSinoma Engineering was represented by group president Yin Zhisong and the company. Chairman Liu Renwe.

At the signing ceremony, Dangote said that after the completion of the integrated cement plant, it will strengthen Semen Dangote’s local production capacity, increasing its local production capacity to 41.25 million tons per year, and its total capacity in Africa to 57.6 million tons per year.

He said the Itori Cement Plant would also increase Nigeria’s cement export capacity, allowing for greater diversification and foreign exchange inflows into the economy.

According to Dangote, the project should create thousands of direct and indirect jobs and stimulate the economic development of Itori Axis to grow the local economy.

He said aid companies will be drawn to Axis, which uses the cement plant site to provide goods and services to employees, contractors and other stakeholders.

He added that the construction of a new cement plant is in line with the company’s vision of producing domestically produced products that are still imported despite the abundance of raw materials for local production.

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