Dangote Cement Plc is a Nigerian publicly-traded multinational

cement A cement is a binder, a chemical substance used for construction that sets, hardens, and adheres to other materials to bind them together. Cement is seldom used on its own, but rather to bind sand and gravel ( aggregate) together. Cement mix ...

manufacturer headquartered in

Lagos Lagos (Nigerian English: ; ) is the largest city in Nigeria and the List of cities in Africa by population, second most populous city in Africa, with a population of 15.4 million as of 2015 within the city proper. Lagos was the national ca ...

. 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.

History

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 The Dangote Group 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 ...

and is the largest company traded on the

Nigerian Stock Exchange The Nigerian Stock Exchange (NSE) now Nigerian Exchange Group is a Nigerian stock exchange founded in 1961 in Lagos. As of November 2019, it has a total of 161 listed companies, with 8 domestic companies on the premium board, 144 companies on the ...

. 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. In 2014, the

Investment Corporation of Dubai Investment Corporation of Dubai is a sovereign wealth fund of the Government of Dubai established in 2006, with a mandate to invest funds on behalf of the Government of Dubai, and manage their portfolio of investment companies. At 2022, ICD repo ...

(ICD) purchased a $300 million stake in Dangote Cement.

Aliko Dangote ''For people with the given name, see Aliko (given name).'' Aliko ( sq-definite, Alikoi; ) is a village and a former commune in Vlorë County, southern Albania. At the 2015 local government reform it became a subdivision of the municipality Fini ...

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.

Operations

The Dangote Cement plant in

Obajana Obajana is a town in Kogi State, Nigeria. It is located in the Oworo district of Lokoja LGA, Kogi state. Industry It is the site of the largest cement plant in Africa owned by Dangote. Transport In 2014, a feasibility study for a railway li ...

Kogi Kogi State is a state in the North Central region of Nigeria, bordered to the west by the states of Ekiti and Kwara, to the north by the Federal Capital Territory, to the northeast by Nasarawa State, to the northwest by Niger State, to the s ...

, is the largest in

Sub-Saharan Africa Sub-Saharan Africa is, geographically, the area and regions of the continent of Africa that lies south of the Sahara. These include West Africa, East Africa, Central Africa, and Southern Africa. Geopolitically, in addition to the List of sov ...

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 Ogun or Ogoun (Yoruba: Ògún, Portuguese: Ogum, Gu; also spelled Oggun or Ogou; known as Ogún or Ogum in Latin America) is a spirit that appears in several African religions. He attempted to seize the throne after the demise of Obatala, who re ...

. 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 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 Gboko is a town in the Benue State of North-central Nigeria Nigeria ( ), , ig, Naìjíríyà, yo, Nàìjíríà, pcm, Naijá , ff, Naajeeriya, kcg, Naijeriya officially the Federal Republic of Nigeria, is a country in West Africa. ...

, 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 Plants are predominantly photosynthetic eukaryotes of the kingdom Plantae. Historically, the plant kingdom encompassed all living things that were not animals, and included algae and fungi; however, all current definitions of Plantae exclud ...

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.Moneycentral, 10 November 2021
Dangote Cement’s $500m Ethiopia Plant at Risk as War Escalates
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References

External links

Official websiteDangote Cement
at

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. {{Authority control Cement companies of Nigeria Manufacturing companies based in Lagos Manufacturing companies established in 1992 Companies listed on the Nigerian Stock Exchange Nigerian brands Nigerian companies established in 1992