Dangote Cement Plc is a Nigerian publicly traded multinational cement manufacturer headquartered in Lagos . The company is engaged in the manufacture, preparation, import, packaging, and distribution of cement and related products in Nigeria, and has plants or import terminals in nine other African countries .
26-474: The management of Dangote Industries Ltd. (DIL) claims that it fully owns the Obajana Cement Plant and that all legal procedures were followed in its 2002 acquisition. The company made this claim in a statement headed "Obajana Cement Plant: Separating Facts from Fiction" and released by Anthony Chiejina, Group Head Branding and Communications, DIL. Because it questioned Dangote Cement's ownership of
52-508: A 3 million tonnes fertilizer plant, petroleum refinery capable of refining 650,000 barrels of oil and a petrochemical operation. Dangote Refinery was inaugurated in May 2023, and will be the largest single train refinery in the world at full capacity. Dangote Cement Dangote Cement Plc is a Nigerian publicly traded multinational cement manufacturer headquartered in Lagos . The company
78-548: A pasta plant and also flour milling to supply raw materials for making pasta. The company then invested in a cement manufacturing venture at Obajana , Kogi State , with an aggressive strategy, the Obajana plant began production with 5 million tonnes of cement, the group then invested funds in another cement operation at Ibeshe, Ogun State to shore up the local manufacturing sector from about 2.5 million tonnes to up to 8 million tonnes. To reduce economic and political risk within
104-546: Is a Nigerian multinational industrial conglomerate , founded by Aliko Dangote . It is the largest conglomerate in West Africa and one of the largest on the African continent. The group employs more than 30,000 people, generating revenue in excess of US$ 4.1 billion in 2017. The company was founded in 1981 as a trading enterprise, importing sugar, cement, rice, fisheries, and other consumer goods for distribution in
130-652: Is engaged in the manufacture, preparation, import, packaging, and distribution of cement and related products in Nigeria, and has plants or import terminals in nine other African countries . The management of Dangote Industries Ltd. (DIL) claims that it fully owns the Obajana Cement Plant and that all legal procedures were followed in its 2002 acquisition. The company made this claim in a statement headed "Obajana Cement Plant: Separating Facts from Fiction" and released by Anthony Chiejina, Group Head Branding and Communications, DIL. Because it questioned Dangote Cement's ownership of
156-591: Is one of these subsidiaries and is listed on the Nigerian Stock Exchange , with its market capitalization accounting for almost 20 percent of the total capitalization of the Exchange. Dangote Group is headquartered in Lagos . In 2016, Dangote signed a contract with CNOOC Group for the installation of a large underwater offshore pipeline. The pipeline, when completed, will extend from Bonny ( Rivers State ) through Ogedegbe, Olokola to Lekki and
182-519: Is the largest in Sub-Saharan Africa with 10.25 million tonnes per year capacity across three lines and a further 3 million tonnes per year capacity currently being built. In 2012, the firm opened a $ 1 billion cement plant in Ibese, Ogun . The facility is capable of producing 6 million metric tonnes of cement per year, raising the company's total production by 40 percent at
208-418: Is the largest in Sub-Saharan Africa with 10.25 million tonnes per year capacity across three lines and a further 3 million tonnes per year capacity currently being built. In 2012, the firm opened a $ 1 billion cement plant in Ibese, Ogun . The facility is capable of producing 6 million metric tonnes of cement per year, raising the company's total production by 40 percent at the time. The plant
234-544: The Nigeria market. The group moved into manufacturing in the 1990s, starting with textiles, moving onto flour milling, salt processing and sugar refining by the end of the decade. The company next moved into cement production, growing rapidly and moving into other African countries. A high degree of vertical integration is a hallmark of Dangote Group's operating strategy. The group now owns and operates over 18 subsidiaries, operating in ten African countries. Dangote Cement ,
260-604: The Escravos Lagos pipeline, finally terminating at the West Africa Gas Pipeline . Dangote Group was created in the late 1970s, when Aliko Dangote established a venture that traded sugar and other consumer goods, which was funded by a $ 3,000 loan from his grandfather. Later, the group would gradually expand into trading other commodities, such as rice. In 1981, he established two business enterprises, Dangote Nigeria Limited, and Blue Star Services, this
286-786: The Nigerian Stock Exchange in October 2010, and as at August 2014 accounts for 20% of the total market capitalization of the Exchange. In 2014, the Investment Corporation of Dubai (ICD) purchased a $ 300 million stake in Dangote Cement. Aliko Dangote has invested US$ 6.5 billion into the company between 2007, and 2012. Cement accounted for roughly 80 percent of Dangote Group's business as of 2011. The Dangote Cement plant in Obajana , Kogi ,
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#1732780115476312-460: The Nigerian Stock Exchange in October 2010, and as at August 2014 accounts for 20% of the total market capitalization of the Exchange. In 2014, the Investment Corporation of Dubai (ICD) purchased a $ 300 million stake in Dangote Cement. Aliko Dangote has invested US$ 6.5 billion into the company between 2007, and 2012. Cement accounted for roughly 80 percent of Dangote Group's business as of 2011. The Dangote Cement plant in Obajana , Kogi ,
338-581: The Obajana Cement Company, DIL was fully responsible for the conception, design, acquisition, construction, and payment of the plant and machinery. [1] It was formerly known as Obajana Cement Plc , and changed its name to Dangote Cement Plc in July 2010. Obajana Cement Plc was incorporated in 1992. Dangote Cement Plc is a subsidiary of Dangote Group and is the largest company traded on the Nigerian Stock Exchange . Dangote Cement listed on
364-453: The Obajana Cement Company, DIL was fully responsible for the conception, design, acquisition, construction, and payment of the plant and machinery. [1] It was formerly known as Obajana Cement Plc , and changed its name to Dangote Cement Plc in July 2010. Obajana Cement Plc was incorporated in 1992. Dangote Cement Plc is a subsidiary of Dangote Group and is the largest company traded on the Nigerian Stock Exchange . Dangote Cement listed on
390-777: The country, the group began looking for opportunities to expand beyond Nigeria. The company's strategy then focused on continental expansion with the building and acquisition of cement plants in African countries. Today, the Dangote Group is a diversified conglomerate, headquartered in Lagos , with interests across a range of sectors in Africa. Current interests include cement, sugar, flour, salt, seasoning, pasta, beverages and real estate, with new projects in development in oil and natural gas, telecommunications, fertilizer and steel. Competitors in both Nigeria and other portions of Africa include Stallion Group . Dangote Cement ,
416-527: The firm, the Kogi State government closed the Obajana plant. Tax payment difficulties were also brought up by the administration. The Obajana Cement Plant, one of the major taxpayers and the vehicle for one of the largest corporations with investments from hundreds of Nigerian and foreign investors, is regarded by the group as one of the most important elements of economic activity in the country. The firms claimed: "Dangote Industries Limited (DIL), pursuant to
442-468: The firm, the Kogi State government closed the Obajana plant. Tax payment difficulties were also brought up by the administration. The Obajana Cement Plant, one of the major taxpayers and the vehicle for one of the largest corporations with investments from hundreds of Nigerian and foreign investors, is regarded by the group as one of the most important elements of economic activity in the country. The firms claimed: "Dangote Industries Limited (DIL), pursuant to
468-580: The import license era was discontinued in 1986, the firm concentrated in bulk importing of salt, sugar, and rice and gradually reduced its cement business. The group's first foray into manufacturing began in 1989 with textiles Mills Limited, operating two operations, a textile weaving mill in Kano and the Nigerian Textile Mills limited's plant in Lagos. Beginning in 1997, following a decline of
494-754: The largest cement production company in Africa, with a market capitalization of almost US$ 14 billion on the Nigeria Stock Exchange , has subsidiaries in Benin , Cameroon , Ghana , Nigeria , South Africa and Zambia . In December 2010, the group signed an agreement with the Government of Zambia to construct a US$ 400 million cement plant in Zambia. It was completed in 2015 and is located in Ndola , The plant produces 42.5-grade cement to compete against
520-473: The legally binding agreement it entered into with KSG to invest in Kogi State, bought the property on which the Obajana Cement Plant is built alone in 2003, well after it had acquired the shares in the Obajana Cement business in 2002. "After paying the required costs and compensating the landowners, DIL received three Certificates of Occupancy in its name. "Again, well after it had purchased the shares of
546-409: The legally binding agreement it entered into with KSG to invest in Kogi State, bought the property on which the Obajana Cement Plant is built alone in 2003, well after it had acquired the shares in the Obajana Cement business in 2002. "After paying the required costs and compensating the landowners, DIL received three Certificates of Occupancy in its name. "Again, well after it had purchased the shares of
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#1732780115476572-411: The lower-grade but dominant 32.5 products in the market, the new plant is expected to have an annual output of 1.5 million metric tonnes of cement. Dangote Sugar is another major subsidiary of the group, competing with Bua Sugar and Golden Sugar Co. Dangote Sugar is the largest sugar refining company in sub-Saharan Africa. The group has also diversified into oil and gas-related ventures, establishing
598-406: The textile sector, the company concentrated on manufacturing consumer goods it was importing into Nigeria such as sugar refining and flour milling, with the former it competed against imported products from Brazil and Europe. One of the biggest distributors of sugar in Nigeria, Dangote sugar refinery began local production in 1999. The strategy towards backward integration led to the establishment of
624-616: The time. The plant was installed by the Chinese construction and engineering firm Sinoma , and represents one of the largest non-oil investments in Nigeria. The company's plant in Gboko , Benue has 3 million tonnes per year capacity with an upgrade to 4 million tonnes per year planned in 2013. A plant in Senegal along with a plant in Tanzania opened in 2015. That same year, a plant
650-410: Was a period when import licenses were required to import bulk commodities, the firm then sought to acquire import licenses for various commodities including steel, baby food, and aluminium products. He then added the shipping and the importing of cement to his group's portfolio. Dangote competed (and competes) with Lafarge , a French company that imported and produced the bulk of African cement. When
676-580: Was installed by the Chinese construction and engineering firm Sinoma , and represents one of the largest non-oil investments in Nigeria. The company's plant in Gboko , Benue has 3 million tonnes per year capacity with an upgrade to 4 million tonnes per year planned in 2013. A plant in Senegal along with a plant in Tanzania opened in 2015. That same year, a plant was opened in Ethiopia also, which came under threat of civil unrest in 2017, and civil war in 2021. Dangote Group The Dangote Group
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