Dangote Cement Plc has signed a $1 billion agreement with Sinoma International Engineering for the construction of 12 new cement plants and the expansion of existing facilities across Africa.
The deal was disclosed by MarketForces Africa following the signing of a Memorandum of Understanding (MoU) in Lagos on Friday.
The agreement supports Dangote Cement’s drive to scale production, expand its market footprint, and consolidate its leadership across the continent.
Aliko Dangote, President and CEO of Dangote Industries Limited, described the projects as key enablers for reaching a production capacity of 80 million tonnes per annum (MTPA) by 2030. He said the expansion aligns with the Group’s Vision 2030 agenda, which targets $100 billion in revenue.
“Dangote Cement Plc, a subsidiary of Dangote Industries Limited, at the weekend in Lagos, signed a landmark agreement with Sinoma International Engineering for the construction of 12 new projects and the expansion of others across Africa,” Dangote said.
“The landmark agreement, with an estimated investment of over $1 billion, reinforces the Company’s long-term growth strategy and aligns with the broader aspirations of the Dangote Group’s Vision 2030,” the MarketForces report read.
Dangote added that the projects will strengthen the company’s dominance in Nigeria, increase export volumes, optimize existing assets, and improve operational efficiency across its African footprint.
The agreement will see Sinoma collaborate on new integrated plants, brownfield expansions, and modernization initiatives designed to enhance operational performance in key markets.
