Chinese firms sign ₦117,280,000,000 ($733m) cement deal in Nigeria, Myanmar

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Two Chinese firms, Sinoma and CITIC Heavy Industries, have agreed deals totalling $733m to produce cement in Nigeria and Myanmar, respectively, as they expand in emerging markets overseas.

Reuters reported that Sinoma International Engineering Company Limited, a unit of China National Materials Company Limited, signed a $536m contract with Nigeria’s Dangote Cement Plc, Sinoma and National Materials said in separate statements on Thursday.