Incorporated in 1992 as a Private Limited Liability company, International Cement Company Limited came into existence following the Investment forum of 1991 jointly organized in Abuja by the Federal Ministry of Industries (now Trade and Investments) and the United Nations Industrial Development Organization (UNIDO).
International Cement Company Ltd was conceived and registered for the exploitation of raw materials and processing same for the manufacturing and sale of Cement in Nigeria. For this purpose, the Company started its Geological investigation of Limestone and Shale, the main raw materials for cement production in Ogun State in 1993 and subsequently acquired mining site in 1994, covering 1,415 hectares of land in Makun area of Sagamu, Ogun State.
Within this period, the Company engaged various partners from different parts of the world to ascertain the availability and suitability of the raw material deposit of limestone to establish a Hi-tech Cement Plant in this location.
International Cement Company Ltd subsequently obtained the mining lease from the Federal Government. It may be necessary to mention that the foundation stone of the company was laid in 1995 by the then Military Administrator of Ogun State LT COL. DANIEL AKINTONDE followed with the issuance of C of O by the Ogun State Government in 1998 for the acquired land.
This was subsequently substituted with the Mining Lease No. 6883ML issued to the Company by the Federal Government in 2004. In 2011, majority of the shares (70%) of International Cement Company was acquired by Chicason Group of Companies, who is now the Project Sponsor.
Purpose & Objective
Following the acquisition by Chicason Group of Companies, International Cement Company Ltd conducted a market study in 2012, which confirmed that there exists a gap in cement supply in Nigeria. In the Western region where the plant is to be located, cement production/supply is estimated to be about 9.9 million metric tons in 2016 whereas consumption is anticipated to be around 12.45 million metric tons leaving a gap of 2.55 million metric ton in supply of cement in this region.
The Company under the new Management therefore decided to take up the opportunity to utilize the abundant raw materials in the aforementioned location to build an ultramodern cement plant not just for the financial benefits but also to fulfill the Federal Government’s backward integration policy that aims at self-sufficiency on cement production for the overall benefit of the Nigerian Economy.
Health Care for the host community
Pipe borne water, access roads and markets
Primary and Secondary Schools
Scholarships opportunities for children of the landowners
Accommodation /resettlement of the landowners where necessary
Adhere to E.I.A guidelines and Auditing
Job Employment as the opportunities occur.
Address:4/6, Oje Imianvan Stret, Off Kudirat Abiola Way, By Clay B/Stop, Oregun, Ikeja, Lagos – Nigeria
Telephone:07055312958, 08057699004, 08072691718