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Sinoma to Supply Cement Equipment to Nigeria's Itori Cement

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Sinoma International Engineering (SHA:600970) will supply cement production equipment to Nigerian company Itori Cement for $476 million, according to a Tuesday filing with the Shanghai bourse.

The Chinese cement technology equipment and engineering services company will supply equipment for lines 3 and 4 of the Itori Clinker Cement Production Line in Ogun State, Nigeria.

The facility has a capacity of 6,000 metric tons per day, with clinker production expected to begin 24 months after construction and cement production expected at 25 months.

Shares fell 2% during the midday break on Tuesday.

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