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DANGOTE CEMENT PLC Company Profile

DANGOTE CEMENT PLC

  • Day high   686.70 Day low   686.70
  • Value   22513674.40 Volume   36424.00

Dangote Cement, originally incorporated as "Obajana Cement Plc" in November 1992 by the Kogi State Government, has traversed a remarkable trajectory under the astute leadership of Aliko Dangote. The strategic acquisition of Benue Cement Company in 2000 marked a pivotal moment in its evolution, elevating the production capacity from 0.9Mta to an impressive 2.8Mta in Gboko.

In 2002, the acquisition of Obajana Cement Plc laid the foundation for the monumental construction of the Obajana Cement Plant, heralding a new era in cement production. The unbundling from Dangote Industries in 2005 was a masterstroke, allowing the cement business to emerge as a distinct entity.

The commissioning of the Obajana Cement Plant in 2007, with a colossal capacity of 5 million tonnes per annum, solidified Dangote Cement's position as the largest plant in Sub-Saharan Africa. The nomenclature shift from Obajana Cement Plc to Dangote Cement Plc in July 2010 was not merely semantic but emblematic of its growing influence.

The strategic merger with Benue Cement Company in 2010 propelled Dangote Cement into new realms of possibilities. The listing on the Nigeria Stock Exchange later that year signified a significant milestone, reflecting the company's commitment to transparency and value creation for stakeholders.

Dangote Cement's pan-African foray in 2011, marked by the transfer of non-Nigerian cement interests, demonstrated a visionary expansion strategy. The opening of the Ibese plant in Ogun state and the augmentation of capacities in Obajana and Ghana showcased an unwavering commitment to excellence and operational prowess.

Subsequent expansions in South Africa, Senegal, Cameroon, Ethiopia, and Zambia between 2014 and 2015 attested to Dangote Cement's continental dominance. The Premium Board induction on the Nigerian Stock Exchange in 2015 was a testament to the company's financial robustness and adherence to the highest corporate governance standards.

The year 2017 witnessed yet more expansions in Sierra Leone and Congo, reflecting a trajectory of sustained growth. Dangote Cement's metamorphosis from a trading-based business in the 1980s into Africa's leading cement producer by the 21st century exemplifies a narrative of strategic brilliance and industrial triumph.

Aliko Dangote's vision, executed with precision and foresight, has not only reshaped the African cement industry but stands as a paragon of entrepreneurial acumen. As Dangote Cement continues to shape the continent's economic landscape, it underscores the indomitable spirit of enterprise and the enduring legacy of visionary leadership.

Board Of Director of Dangote Cement plc

Aliko Dangote GCON - Chairman
Michel PuchercosMichel Puchercos-Group Managing Director/Chief Executive Officer.
Olakunle AlakeOlakunle Alake- Non-Executive Director
Sani Dangote Non-Executive Director.
Abdu Dantata Non-Executive Director.
Devakumar Edwin -Non-Executive Director.
Cherie Blair CBE, QC- Independent Non-Executive.
Director Sir Michael Davis- Independent Non-Executive Director.
Ernest Ebi-Independent Non-Executive Director
Emmanuel Ikazoboh-Independent Non-Executive Director Viswanathan Shankar-Independent Non-Executive Director
Dorothy UfotDorothy Ufot – SAN Independent Non-Executive Director.
Douraid Zaghouani-Non-Executive Director
Berlina Moroole- Non-Executive Director

NIGERIAN OPERATIONS (REGIONAL OFFICES)
LAGOS & OGUN
SOUTH WEST
SOUTH SOUTH
SOUTH EAST
NORTH CENTRAL
NORTH EAST
NORTH WEST
 
PAN-AFRICAN OPERATIONS
CAMEROON
CONGO
ETHIOPIA
GHANA
SENEGAL
SIERRA LEONE
SOUTH AFRICA
TANZANIA
ZAMBIA

Union Marble House1 Alfred Rewane Road,
PMB 40032, Falomo Ikoyi,Lagos, NIGERIA
Phone: +234-1-460-643
Fax: +234-1-463-0316, +234-1-271-2231

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