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.
It was formerly known as Obajana Cement Plc, and changed its name to Dangote Cement Plc in July 2010.[4] 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.[5]
Dangote Cement listed on the Nigerian Stock Exchange in October 2010, and as at August 2014 accounts for 20% of the total market capitalization of the Exchange.[6] In 2014, the Investment Corporation of Dubai (ICD) purchased a $300 million stake in Dangote Cement.[7]
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.[8]
Operations
The Dangote Cement plant in Obajana, Kogi, 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.[9]
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.[10] The plant was installed by the Chinese construction and engineering firm Sinoma, and represents one of the largest non-oil investments in Nigeria.[11]
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.[2] A plant in Senegal along with a plant in Tanzania opened in 2015.[12] That same year, a plant was opened in Ethiopia also, which came under threat of civil unrest in 2017, and civil war in 2021.[13]
References
^"CONSOLIDATED AND SEPARATE FINANCIAL STATEMENTS 31 DECEMBER 2013" (PDF). Dangote Cement Plc.[permanent dead link]
^ ab"Audited Results for the year ending 31 December 2012" (PDF). Dangote Cement Plc.[permanent dead link]
dangote, cement, nigerian, publicly, traded, multinational, cement, manufacturer, headquartered, lagos, company, engaged, manufacture, preparation, import, packaging, distribution, cement, related, products, nigeria, plants, import, terminals, nine, other, afr. 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 Dangote Cement PlcTypePublicTraded asNigerian Exchange Group DANGCEMIndustryBuilding materialsPredecessorObajana Cement PlcFounded1992FounderAliko DangoteHeadquartersLagos Lagos State Nigeria Key peopleAliko Dangote Chairman ProductsCementRevenueNGN 386 billion 2013 298 billion 2012 235 billion 2011 Operating income 243 7 billion 2013 135 billion 2012 118 billion 2011 Net income 201 billion 2013 149 billion 2012 120 billion 2011 Total assets 843 billion 2013 673 billion 2012 526 billion 2011 Total equity 550 billion 2012 420 billion 2012 290 billion 2011 Number of employees4 477 2012 3 428 2012 2 854 2011 ParentDangote GroupSubsidiariesSephaku CementWebsitedangotecement comFootnotes references 1 2 3 Contents 1 History 2 Operations 3 References 4 External linksHistory EditIt was formerly known as Obajana Cement Plc and changed its name to Dangote Cement Plc in July 2010 4 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 5 Dangote Cement listed on the Nigerian Stock Exchange in October 2010 and as at August 2014 accounts for 20 of the total market capitalization of the Exchange 6 In 2014 the Investment Corporation of Dubai ICD purchased a 300 million stake in Dangote Cement 7 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 8 Operations EditThe Dangote Cement plant in Obajana Kogi 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 9 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 10 The plant was installed by the Chinese construction and engineering firm Sinoma and represents one of the largest non oil investments in Nigeria 11 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 2 A plant in Senegal along with a plant in Tanzania opened in 2015 12 That same year a plant was opened in Ethiopia also which came under threat of civil unrest in 2017 and civil war in 2021 13 References Edit CONSOLIDATED AND SEPARATE FINANCIAL STATEMENTS 31 DECEMBER 2013 PDF Dangote Cement Plc permanent dead link a b Audited Results for the year ending 31 December 2012 PDF Dangote Cement Plc permanent dead link Dangote Cement 2011 Annual Report PDF Dangote Cement Plc permanent dead link The ta ta ta ta ta at Obajana TheCable 2022 10 09 Retrieved 2023 01 19 Dangote Cement Plc DANGCE ng Tim Cocks June 11 2012 Nigeria s Dangote expands his cement powerhouse Reuters Retrieved June 12 2012 UPDATE 1 Dubai s ICD buys 300 mln stake in Nigeria s Dangote Cement Reuters 2014 09 08 Retrieved 2022 05 11 Emma Ujah October 17 2011 Dangote Cement capitalisation hits 15 billion says Paramjit Vanguard Nigeria Retrieved June 22 2012 Bangudu Oluwaseyi 2013 05 03 Dangote Cement declares huge profit in first quarter of 2013 Premium Times Nigeria Retrieved 2023 01 19 Nigeria s Dangote Cement opens new 1 bln plant Reuters February 9 2012 Retrieved June 22 2012 Aliko Dangote opens Nigeria s biggest cement plant BBC News June 11 2012 Retrieved June 22 2012 Dangote Cement begins operation in Senegal Archived from the original on 2015 07 15 Retrieved 2015 07 15 Moneycentral 10 November 2021 Dangote Cement s 500m Ethiopia Plant at Risk as War EscalatesExternal links EditOfficial website Dangote Cement at Bloomberg Dangote Cement at BusinessWeek Dangote Cement Archived 2017 08 23 at the Wayback Machine at Reuters Dangote Cement at Financial Times Dangote Cement at Forbes Global 2000 Retrieved from https en wikipedia org w index php title Dangote Cement amp oldid 1134587228, wikipedia, wiki, book, books, library,
