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UniCem floats N84bn new cement plant in Cross River

14 March 2014, 17:24

Calabar - The United Cement Company of Nigeria (UNICEM) on Thursday disclosed that the construction of its N84 billion second line production plant had begun in Cross River.

 Olivier Lenoir, Managing Director of UniCem, disclosed this in Calabar.

He said that the intention was to meet the growing demand for cement in Nigeria.

He said that the investment was intended to meet the new 2.5 million metric tonnes state-of-the-art cement line project in Calabar.

According to him, this will double UniCem’s existing capacity to five million metric tonnes per annum by 2016.

Lenoir said that UniCem was poised to consolidate its position ``as Nigeria’s third largest manufacturer”.

He said the project had a lot of economic and social benefits including the creation of direct and indirect employment, growth of local economy and people development.

“Cement demand in the country has continued to grow nationally and regionally (South South and South East), the demand is currently growing at about 12 percent per annum.''

“UniCem is getting technical expertise and support for the project from its shareholders who are global cement majors,’’ he said.

Lenoir said that the N5 billion 20- kilometre cement evacuation road, which the company was currently building, would serve as support infrastructure to cater for the expected traffic increase.

Lenoir said the road project would reduce the movement of articulated vehicles within the Calabar metropolis when the project is completed.

-          NAN

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