The Ibeto Cement Company has signed a contract worth US$386 million with
Sinoma, China National Materials Company’s Shanghai-listed subsidiary, is a wholly-owned subsidiary of Zhejiang Sinoma Engineering Design & Research Institute and is contracted for a 6,000tonnes/day clinker line and 45MW self-generation power plant.
The company says in a corporate notice that the cement plant will be located at Enugu State, south-eastern part of Nigeria.
“Scope of the contract includes a Nissan 6000 tonnes of cement clinker production line from crushing limestone mining, cement raw materials to packaging, shipped to the whole process and a 45MW captive power plant, covering engineering design, equipment, steel and material supply, civil works, installation, debugging, commissioning and personnel training,” says the statement,
The Ibeto Group started business in the cement sector in 1997 with the importation of ship-loads of bagged Portland cement through the Apapa ports, and is a subsidiary of the Ibeto Group, which is headed by Dr Cletus M. Ibeto.
