Dangote Sinoma sign $800m Itori expansion

Dangote Group and Sinoma International Engineering Co., Ltd. signed a Memorandum of Understanding (MoU) worth over $800 million to expand the Dangote Cement plant in Itori, Nigeria — Ogun State, Nigeria. The expansion will double the plant's annual production capacity from six million to 12 million metric tonnes. The agreement was signed by Aliko Dangote, President and CEO of Dangote Group, and Lin Zhong, Chairman of Sinoma. The project aims to meet growing domestic demand, boost exports across Africa, and generate foreign exchange. Dangote linked the investment to Nigeria's push for concrete road construction and the company's Vision 2030 target of producing 90-100 million metric tonnes annually. The expansion is part of Dangote Cement's broader strategy to consolidate its leadership in Africa's cement industry. Sinoma will deploy its engineering expertise and technology to deliver the project. The MoU is a memorandum rather than a binding construction contract, and no construction timetable was provided. Dangote Cement recently reported half-year results with revenue up 21.4% and net income up 24.3%, though Q2 was weaker. The group is also pursuing an IPO for Dangote Petroleum Refinery and considering a London listing for Dangote Cement.