Nigeria: According to Business Day, Cement Company of Northern Nigeria (CCCN), plans to inject US$241m into the ongoing modernisation of its facilities to double its production capacity.
Managing director Alf Karlsen said that the project would raise the company's cement production capacity by 200% to 1.5Mt/yr. "The expansion is part of the ongoing modernisation and cost optimisation programme. It aims to reduce costs and enhance production capacity with a view to ensuring that CCNN remains competitive in the cement industry. The increase in installed capacity would enable the company to maintain its current market share and expand into new markets," said Karlsen. Karlsen also disclosed that CCCN has completed the acquisition of new mining areas to expand its quarry activities.
CCCN's expansion project has led to the relocation of the Sabon-Gida, Danatu and Gidan Mubaga villages, 'to a fully developed new settlement provided by the firm.' "CNN provided the land for resettlement, constructed access roads, provided electricity, mechanised borehole with reticulation, as well as a community mosque, clinic, primary and Islamiyya schools, among others. All this was done to ensure that there is an improved life for the communities as part of our corporate social responsibilities," said Karlsen.