New cement producer for Nigeria
Published by Katherine Guenioui,
Editor
World Cement,
Local media in Nigeria is reporting that a new cement company has received financing from a Chinese bank. International Cement Company Ltd has secured US$500 million in credit from the EXIM Bank to finance a cement production plant in Ogun State.
The plant would reportedly begin production by October 2016 and will employ 3000 people. The development has been welcomed by local communities which recognise the benefits such employment opportunities would bring, but also warn that the company must abide by regulations.
Meanwhile, it is also being reported that a demonstration took place last week on the premises of the Standards Organisation of Nigeria (SON), which is accused of trying to create a monopoly in the cement industry by bringing in new standards and giving companies a limited time in which to meet them.
Edited from various sources by Katherine Guenioui
Sources:
Read the article online at: https://www.worldcement.com/africa-middle-east/16102014/new-cement-producer-for-nigeria-681/
You might also like
World Cement Podcast
Alfie Lloyd-Perks sits down with Christopher Ashworth, President of FLSmidth Cement, for a discussion covering: the journey to decarbonisation, the importance of partnerships and collaboration, the role of digitalisation, and more...
Hoffmann Green signs a partnership agreement with Groupe Morisset
Hoffmann Green Cement Technologies have announced the signing of a strategic partnership with Groupe Morisset, a leading family company in the Vendée region specialising in the construction of large-scale buildings.
