Panafrican Hands Over $35m Equipment to Dangote Sugar Group

The Panafrican Equipment Group, a recognized leader in providing mining, construction grade equipment and after sales support solutions; has announced the milestone 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 further stated “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.

Dangote Sugar Refinery Plc is the pioneer and largest sugar refining company in Nigeria and Sub Saharan Africa. DSR is one of the largest refineries in the world with an installed sugar refining capacity of 1.44MT/PA at the same location with over 70% market share, and exports to other West African countries and employs over 1500 personnel and DSR Plc acquired 95% of Savannah Sugar Company Limited in December 2012 as part of its Backward Integration initiative.