The Dangote Group
says it will invest 3.9 billion dollars (N585 billion) in the expansion
of its cement plants in some Africa countries.
Aliko Dangote,
chairman of the company, disclosed this on Tuesday in Lagos while
signing an agreement between his company and a Chinese firm, Sinoma
International Engineering Co. Ltd.
He said that the
expansion project, expected to be completed in 2013, would produce
additional 16.5 million tonnes of cement to achieve a target of 50
million tonnes in the next two years.
Dangote, represented by Devakumar Edwin, the company’s group
executive director (Business Development), said that the projects
included installation of equipment, mining, quarry, power facilities,
among others.
