Cement Company of Northern Nigeria, CCNN, Sokoto, is to invest about $600 million to build an additional power plant to make it self-sufficient in power supply to enhance its production capacity.
The company that is currently generating 12MW of electricity is building the new plant in partnership with a Chinese company, CBMI to expand to 16 MW.
A statement issued over the weekend in Abuja by the Head, Public Communications of the Bureau of Public Enterprises, BPE, Mr. Alex E. Okoh said this was disclosed by the Principal Manager, Corporate Affairs, CCNN, Alhaji M. S. Suleiman when the post privatisation monitoring team of the BPE, led by Mr. Ibrahim Babagana visited the plant recently.
Alhaji. Suleiman said that hitherto, “CCNN’s plant does not generate sufficient power to take the full load when running the plant on full capacity”.
He said that CBMI, China, has started the construction of a new production line which has a production capacity of one million tons of clinker per year, and that the line should be commissioned by the end of 2016 to increase the company’s capacity by about 200 per cent.
The Project Manager also told the team that the company is being operated by the core investor with total staff strength currently put at 383 of which only 2 are expatriates.
It should be recalled that the company was incorporated in 1962, and was partially privatised in 1992 and fully privatised in 2000 with Heidelberg Cement as Core investor.
However, through merger and acquisition, CCNN shares were sold to Damnaz Cement Co. Ltd in 2008 and Damnaz assumed full responsibility as core investor with its technical/administrative experts.
In January 2010, Damnaz was acquired by Messrs Bua International Ltd.
The current ownership structure has core investors owning 50.7 percent of the company; State Governments over the years reduced their shareholding from 36.8 percent to 7.6 percent; while other private shareholders retain 41.7 percent.
Earlier, the BPE team that was conducted round the plant expressed satisfaction with the success story of the company.

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