BY PETER EGWUATU
The PanAfrican Equipment Group, a recognized leader in providing mining, construction grade equipment has announced the sale of USD$35 million worth of Komatsu construction equipment to the Dangote Sugar Group.
The equipment was handed over to the Dangote Sugar Group during a handover ceremony which took place at Tin Can Island Port Complex, Apapa, Lagos, Nigeria. This landmark sale is PanAfrican’s largest within the agricultural sector and in Nigeria and is in line with the Nigerian 2010 transformation agenda to drive growth in the agricultural sector.
Commenting on the sale, Scott McCaw, Group Managing Director, Panafrican Equipment stated, “We are delighted to have been chosen by Dangote Sugar as a major supplier for their agricultural expansion project in sugar production in Nigeria.”
He further stated “We look forward to building on this relationship and being their partner for development in Nigeria now and in the future. As the sale includes a long-term maintenance support and parts supply contract, we fully expect to maintain a critical role in helping Dangote achieve their goals”.
In addition, Graham Clark, Group Managing Director, Dangote Sugar Refinery, said “This purchase is in line with the Backward Integration Policy (BIP) of the Federal Government of Nigeria and National Sugar Development Council (NSDC).
This is another milestone in the Dangote Sugar journey as we work towards our master plan to produce 1.5 million metric tonnes of sugar per annum, from locally produced sugarcane in Nigeria.”
The Federal Government has made backward integration a priority in order to support the advancement of the agricultural and extractives sectors in Nigeria. Through this investment, PanAfrican Equipment Group and Dangote Sugar Group as private sector stakeholders are also committed to helping the government achieve this goal.
The PanAfrican Equipment Group, operating in Kenya, Tanzania, Ghana, Nigeria and Sierra Leone is a recognized leader in providing equipment and aftersales support solutions to the heavy mining, light and alluvial mining, cement and quarry, agriculture and forestry, civil infrastructure, and power and energy sectors.