New cement plant could alter Nigeria’s duopoly

20 October 2014

Nigeria’s newest cement operator, the International Cement Company Limited (ICCL) has said its cement factory located in Sagamu, Ogun State is expected to begin operation by in 2016, a move that could alter a duopoly of the market, with Dangote and Lafarge holding a majority of the market share.

International Cement Company Limited (ICCL) sits on 1,415 hectares of land, covering nine communities including Ayetoto, Makun and Sagamu.

ICCL Managing Director, Ken Mordi said the company has obtained a 21-year operational licence and has received $500 million from China’s Export-Import Bank to allow a smooth entry phase. It has also employed Cesa, a cement engineering firm as a consultant for the project, confirming its seriousness to break the existing status quo.

Mordi said “a total of 3,600 tonnes of cement will be produced per day. About 3,000 direct jobs will be created for Nigerians at the launch of the company’s operation.

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