“Market Cap $24.32 B As of May 2014
At a Glance
- Industry: Construction Materials
- Founded: 1981
- Country: Nigeria
- CEO: Edwin Devakumar
- Website: www.dangote-group.com
- Employees: 4,477
- Sales: $2.43 B
- Headquarters: Lagos
#1046 Global 2000
- #512 in Profit
- #456 in Market value
Dangote Cement Plc engages in the preparation, manufacture, control, research and distribution of cement and related products. It has operations in Nigeria, Benin, Ghana, Senegal, South Africa and Zambia. The company owns cement import terminals in Lagos, Port Harcourt and Ghana through which it imports and bags bulk cement. Dangote Cement was founded on November 4, 1992 and is headquartered in Lagos, Nigeria.“
“Dangote Cement History
Established in May 1981 as a trading business with an initial focus on cement, the Group diversified over time into a conglomerate trading cement, sugar, flour, salt and fish. By the early 1990s the Group had grown into one of the largest trading conglomerates operating in the country.
In 1999, following the transition to civilian rule and after an inspirational visit to Brazil to study the emerging manufacturing sector, the Group made a strategic decision to transit from a trading based business into a fully fledged manufacturing operation. In a country where imports constitute the vast majority of consumed goods, a clear gap existed for a manufacturing operation that could meet the ‘basic needs’ of a vast and fast growing population.
The Group embarked on an ambitious construction programme, initially focused on the construction of flour mills, a sugar refinery and a pasta factory. In 2000 the Group acquired the Benue Cement Company Plc from the Nigerian government and in 2003 commissioned the Obajana Cement Plant; the largest cement plant in sub-Saharan Africa.
The Group is now one of the largest manufacturing conglomerates in sub-Saharan Africa and is pursuing further backward integration alongside an expansion programme in existing and new sectors.”
*Information from Forbes.com and Dangote-group.com
**Video published on YouTube by “dangotegrp“