Dangote and Sinoma Sign $800M MoU for Cement Expansion

Dangote Industries Limited and Sinoma International Engineering Co., Ltd. have signed a Memorandum of Understanding (MoU) valued at over $800 million for the expansion of the Dangote Cement Plant located in Itori, Ogun State. This expansion aims to increase the plant's production capacity to 12 million metric tons per annum.

The agreement was signed by Aliko Dangote, President of Dangote Group, and Lin Zhong, Chairman of Sinoma, highlighting their strategic partnership and commitment to industrial development in Africa. The project is expected to significantly boost Dangote Cement's ability to meet domestic demand and enhance its export capabilities, reinforcing Nigeria's status as a leading cement producer.

During the signing ceremony, Aliko Dangote described the project as a major milestone in the company's growth strategy and its support for Nigeria's industrialization agenda. He emphasized that the partnership with Sinoma has been crucial in delivering world-class cement manufacturing facilities and reflects confidence in Nigeria's economic potential.