Ibeto Cement to build two plants in Ebonyi

Business News

Ibeto Cement plans to hire China’s Sinoma to build two cement plants at Nkalagu and Effium respectively in Ebonyi State.

The first plant will be built next to the former Nigerian Cement plant at Nkalagu, according to the Vanguard newspaper.

It will have a production capacity of 9000t/day. The second plant, at Effium, will have a production capacity of 3000t/day, due to smaller local limestone deposits.

Ibeto Cement signed a deal with Milost Global to secure funding worth US$850m in May 2018. Previously, it entered into an agreement with Sinoma International Engineering in 2015 to build a new plant at Enugu.

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