Sinoma International Signs $476 Million Equipment Supply Contract for Nigerian Cement Production Line

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Summary · why it matters

Sinoma International has signed an equipment supply contract with Itori Cement Limited, a subsidiary of the Dangote Group, for a clinker and cement production line in Itori, Ogun State, Nigeria. The total contract value is $476 million. The scope covers complete workshop equipment and materials for two cement production lines with a daily capacity of 6,000 tons each, from the limestone crushing workshop to cement storage. The delivery schedule is expected to produce clinker within 24 months and cement within 25 months.

Impact on assets 1

Others▲ · 1 stocks

Off-coverage companies 2

Ibese Cement (伊托里水泥有限公司)Private▲ Positive
Demandrelevance

Ibese Cement, as the buyer, gains equipment for its new production line, supporting its expansion.

Dangote GroupPrivate▲ Positive
Demandrelevance

Dangote Group's subsidiary invests in new capacity, enhancing its cement production capabilities.

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