Nigeria’s Dangote Industries Limited (DIL) has signed an agreement with China Sinoma International Engineering to build a cement plant with total annual capacity of six million tonnes in Itori, Ogun State, local newspaper Premium Times reported on Wednesday.

The new integrated cement plant will increase DIL’s local capacity to 41.25 million tonnes per annum and total African capacity to 57.6 million tonnes per annum.

Company Chairman Aliko Dangote said the Itori plant will boost Nigeria’s capacity to export cement, enabling more diversification and forex inflows.

The plant is anticipated to be completed within 27 months and will have its own captive power plant to generate electric power for use by cement kilns and other production processes, the report said. The cost of the plant was not given.

(Reporting by P Deol; Editing by Anoop Menon)

(anoop.menon@lseg.com)