August 7, 2018

US investors vow to revamp Nigercem

A team of foreign investors from the United States of America, yesterday, promised to ensure the revitalization of the moribund premier Cement Company, popularly called NIGERCEM located in Nkalagu in Ishielu local government area of Ebonyi State.

Addressing a cross section of stakeholders, the Chief Executive of Ibeto Nigeria Limited, Chief Cletus Ibeto said: “I am standing before you with a team of American financiers, who are here on an assessment visit to the cement company, they are here to see for themselves what is here at NIGERCEM cement company.

“The team will help in realization of the dream of Ibeto Group together with the Ebonyi State Government in actualizing the revitalization of the company.

“Very soon, production work will commence in NIGERCEM with the production of 6,000 metric tones of cement per day.”

In her remarks, the leader of the American foreign investors, Mrs Amanda Wester, said: “We extol Ibeto Nigeria Limited the core investor in NIGERCEM in their commitment to establish a new 6,000 tones per day dry process cement plant, 45 megawatt capacity power plant in this first phase of the project at Nkalagu.”