Dangote Cement signed contracts worth $4.34 billion, on Wednesday, with China’s Sinoma International Engineering Company to build cement plants across Africa, according to Reuters.
The company, majority-owned by Africa’s richest man, Aliko Dangote, has developed operations outside its dominant Nigerian home market in the last few years.
The plants to be built in Cameroon, Ethiopia, Kenya, Mali, Niger, Nigeria, Senegal and Zambia, with another in Nepal, would add around 25 million tonnes to the company’s existing capacity of around 45 million tonnes, said Dangote.
“The projects are going to be delivered within the next 30 months,” said Dangote, who added that he expected production capacity to have reached 70 million tonnes within that timeframe.
“We are not going to stop there. By 2020, we are targeting 100 million tonnes,” he said.
In July, Dangote Cement said the contribution to sales outside Nigeria grew to 14 per cent of total revenue by June 30 from three per cent a year ago
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