- Dangote aims to reach $100 billion in scale by 2030.
- XCMG operates in over 190 countries with 300 overseas dealers.
- The partnership focuses on mining, petrochemicals, and agriculture.
- Both companies will develop new electric equipment and reduce carbon emissions.
Partnership Overview
Dangote Industries Limited and XCMG Construction Machinery Co. Ltd have formed a strategic cooperation agreement to enhance infrastructure, industrial capacity, and green project development across Africa. The collaboration spans sectors such as mining, petrochemicals, building materials, agriculture, and infrastructure construction.
Company Profiles
Dangote Group, Africa's largest diversified industrial conglomerate, operates in cement manufacturing, petrochemicals, fertilizer, agriculture, food processing, mining, ports, and logistics. The group is focused on expanding capacity and regional market development to achieve a $100 billion scale by 2030. XCMG, a key player in China's construction machinery industry, has a global presence in construction and mining machinery, agricultural equipment, and commercial vehicles, with products sold in over 190 countries.
Collaboration Details
XCMG will support Dangote through its African sales and service network, facilitating visits to China and providing logistical assistance. Dedicated project teams will develop integrated equipment and service solutions for Dangote projects, particularly in open pit mining, petrochemicals, building materials, and agricultural processing.
Sustainability and Innovation
The partnership emphasizes sustainability and innovation, with XCMG deploying capabilities in complete equipment sets, new energy technologies, and intelligent solutions. Both companies will collaborate on developing new electric equipment, promoting environmentally friendly project benchmarks, reducing carbon emissions, and lowering operational costs.
Strategic Goals
The agreement establishes a framework for closer cooperation based on mutual trust and shared development goals, with both parties granting each other preferential consideration in projects arising from the partnership.
