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Cement Company of Northern Nigeria (CCNN)

BACKGROUND INFORMATION

Cement Company of Northern Nigeria Plc (CCNN) was incorporated in 1962 and commenced production in 1967 with an initial installed capacity of 100,000 metric tonnes per annum (mt/pa) at the Kalambaina plant. The need to meet the increasing demand for cement necessitated the expansion of the Plant with the commissioning of a second line with an installed capacity of 500,000mt/pa in 1985. Soon afterwards, i.e., mid 1986, the first line was abandoned due to it uneconomic mode of operation; thus, leaving the plant with a rated output of only 500,000mt/pa. CCNN was privatized through the Core Investor sale strategy in October, 2000 to Damnaz Company Limited (BUA GROUP). The company was handed over to the Core Investor in 2000.

Name of Enterprise
Cement Company of Northern Nigeria (CCNN)
Name of Investor
Scancem (Norway) and Nig. Individuals & Institutional Investors
Reform Strategy
Core Investor and Share Floation
Date of Transaction
2000
Cost of Transaction
N767,848,000.00
Concession Tenure
Nil
Status
Operational