318:
Chiejina, Group Head
Branding and Communications, DIL. Because it questioned Dangote Cement's ownership of 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 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 the Obajana Cement Company, DIL was fully responsible for the conception, design, acquisition, construction, and payment of the plant and machinery.
245:
230:
213:
196:
179:
155:
317:
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
380:. 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
305:. 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
27:
343:
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
447:
676:
737:
809:
804:
353:
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.
319:
600:
464:
819:
799:
521:
750:
701:
332:, 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
373:
with 10.25 million tonnes per year capacity across three lines and a further 3 million tonnes per year capacity currently being built.
381:
577:
824:
680:
794:
551:
427:
171:
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has 3 million tonnes per year capacity with an upgrade to 4 million tonnes per year planned in 2013. A plant in
764:
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also, which came under threat of civil unrest in 2017, and civil war in 2021.
788:
727:
350:
333:
258:
162:
125:
45:
392:
109:
552:"UPDATE 1-Dubai's ICD buys $ 300 mln stake in Nigeria's Dangote Cement"
377:
265:
188:
26:
384:, and represents one of the largest non-oil investments in Nigeria.
408:
404:
376:
In 2012, the firm opened a $ 1 billion cement plant in Ibese,
129:
758:
428:"CONSOLIDATED AND SEPARATE FINANCIAL STATEMENTS 31 DECEMBER 2013"
396:
362:
715:
578:"Dangote Cement capitalisation hits $ 15 billion, says Paramjit"
702:
Dangote Cement’s $ 500m
Ethiopia Plant at Risk as War Escalates
298:
278:
143:
601:"Dangote Cement declares huge profit in first quarter of 2013"
388:
302:
205:
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105:
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347:(ICD) purchased a $ 300 million stake in Dangote Cement.
312:
448:"Audited Results for the year ending 31 December 2012"
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opened in 2015. That same year, a plant was opened in
651:"Aliko Dangote opens Nigeria's biggest cement plant"
522:"Nigeria's Dangote expands his "cement powerhouse""
625:"Nigeria's Dangote Cement opens new $ 1 bln plant"
786:
810:Companies listed on the Nigerian Stock Exchange
677:"Dangote Cement begins operation in Senegal"
297:is a Nigerian publicly traded multinational
805:Manufacturing companies established in 1992
25:
16:Nigerian multinational cement manufacturer
575:
519:
513:
336:and is the largest company traded on the
569:
442:
440:
598:
820:Nigerian companies established in 1992
800:Manufacturing companies based in Lagos
787:
617:
457:
437:
420:
313:Acquisition of Obajana cement factory
643:
465:"Dangote Cement 2011 Annual Report"
13:
14:
836:
709:
599:Bangudu, Oluwaseyi (2013-05-03).
700:Moneycentral, 10 November 2021:
507:"Dangote Cement Plc (DANGCE.ng)"
244:
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229:
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212:
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195:
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178:
177:
154:
153:
694:
669:
482:"The ta-ta-ta-ta-ta at Obajana"
345:Investment Corporation of Dubai
286:Footnotes / references
592:
576:Emma Ujah (October 17, 2011).
544:
499:
474:
301:manufacturer headquartered in
1:
825:Companies in the NSE-30 Index
414:
356:
361:The Dangote Cement plant in
216:₦2,615.3 billion (2022)
7:
795:Cement companies of Nigeria
520:Tim Cocks (June 11, 2012).
10:
841:
323:
233:₦5,450 billion (2022)
199:₦382.3 billion (2022)
182:₦686.2 billion (2022)
328:It was formerly known as
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116:
101:
93:
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71:
61:
43:
33:
24:
387:The company's plant in
338:Nigerian Stock Exchange
605:Premium Times Nigeria
470:. Dangote Cement Plc.
453:. Dangote Cement Plc.
433:. Dangote Cement Plc.
369:, is the largest in
239:Number of employees
21:
779:Forbes Global 2000
753:2017-08-23 at the
721:2001-04-04 at the
631:. February 9, 2012
580:. Vanguard Nigeria
371:Sub-Saharan Africa
330:Obajana Cement Plc
295:Dangote Cement Plc
78:Obajana Cement Plc
66:Building materials
20:Dangote Cement Plc
19:
307:African countries
292:
291:
279:dangotecement.com
832:
716:Official website
704:
698:
692:
691:
689:
688:
679:. Archived from
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532:on March 6, 2016
528:. Archived from
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172:Operating income
157:
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29:
22:
18:
840:
839:
835:
834:
833:
831:
830:
829:
815:Nigerian brands
785:
784:
769:Financial Times
755:Wayback Machine
723:Wayback Machine
712:
707:
699:
695:
686:
684:
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670:
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658:
657:. June 11, 2012
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5:
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775:Dangote Cement
772:
765:Dangote Cement
762:
748:Dangote Cement
745:
738:Dangote Cement
735:
728:Dangote Cement
725:
711:
710:External links
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270:Sephaku Cement
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683:on 2015-07-15
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399:along with a
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368:
364:
354:
352:
351:Aliko Dangote
348:
346:
341:
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334:Dangote Group
331:
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259:Dangote Group
257:
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248:11,983 (2022)
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161:1,618.3
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152:
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127:
126:Aliko Dangote
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97:Aliko Dangote
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742:BusinessWeek
696:
685:. Retrieved
681:the original
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659:. Retrieved
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633:. Retrieved
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608:. Retrieved
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582:. Retrieved
571:
560:. Retrieved
558:. 2014-09-08
555:
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534:. Retrieved
530:the original
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490:. Retrieved
488:. 2022-10-09
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294:
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266:Subsidiaries
223:Total equity
206:Total assets
102:Headquarters
34:Company type
110:Lagos State
72:Predecessor
789:Categories
687:2015-07-15
610:2023-01-19
562:2022-05-11
492:2023-01-19
415:References
357:Operations
189:Net income
118:Key people
112:, Nigeria.
732:Bloomberg
46:Traded as
751:Archived
719:Archived
661:June 22,
655:BBC News
635:June 22,
584:June 22,
536:June 12,
486:TheCable
409:Ethiopia
405:Tanzania
140:Products
130:Chairman
62:Industry
759:Reuters
629:Reuters
556:Reuters
526:Reuters
397:Senegal
363:Obajana
324:History
275:Website
163:billion
150:Revenue
128: (
94:Founder
86:Founded
56:DANGCEM
54::
382:Sinoma
299:cement
254:Parent
165:(2022)
144:Cement
38:Public
468:(PDF)
451:(PDF)
431:(PDF)
401:plant
393:Benue
389:Gboko
303:Lagos
106:Lagos
663:2012
637:2012
586:2012
538:2012
378:Ogun
367:Kogi
159:NGN₦
89:1992
777:at
767:at
757:at
740:at
730:at
403:in
52:NGX
791::
653:.
627:.
603:.
554:.
524:.
484:.
439:^
391:,
365:,
340:.
309:.
108:,
781:.
771:.
761:.
744:.
734:.
690:.
665:.
639:.
613:.
588:.
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540:.
509:.
495:.
132:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
