China Sinoma Int'l inks US$288-mln deals with Nigerian Dangote

Oct. 9, 2009 (China Knowledge) - China Sinoma International Engineering<600970>, which is principally engaged in cement production, today announced that it has signed two contracts worth US$228 million in total with two firms belonging to Nigerian Dangote Group, sources reported.

According to the statement, the Shanghai-listed enterprise has inked a US$144-million deal with Dangote Industries Senegal SA to build a cement assembly line with a designed daily output of 3,000 tons near Dakar, the capital of Senegal.

China Sinoma Int'l has also signed a US$144-million deal with Dangote Industries Zambia Ltd to build a plant with a daily production capacity of 3,000 tons of cement near Lusaka, the capital of Zambia. The plant will complete construction within 31 months.

Reportedly, a subsidiary located in Suzhou and controlled by China Sinoma has teamed up with a firm belonging to Ningxia Saima Industry Co Ltd<600449> to build a RMB 462-million assembly line that will yield 4,500 tons of cement per day.

From China Knowledge (2009-10-9)