Dangote Group: Difference between revisions
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===History === |
===History === |
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[[Dangote Group]] was founded in 1977 with the formation of '''ALCO International Limited'''. Subsequently, '''Dangote Nigeria Limited''' was incorporated. During the 1980s and 1990s, the Group ventured into the importation of sugar, milk, flour, fish, rice, cement and iron rods. Later, the Group embarked on the haulage business, which started with 600 trucks under '''Dangote Transport'''. |
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'''Dangote Industries Limited''' was incorporated in order to sustain the Group’s market leadership in trading commodities and to expand into manufacturing of food, clothing and building material. Focus was placed on the following: sugar refining, flour milling, pasta production, salt processing, bulk cement bagging, oil and gas exploration, real estate, propylene bag manufacture, haulage, textiles, maritime operations and telecommunications.<ref>[http://www.dangote-group.com/index.php/about-dangote-group History of Dangote Group]</ref> |
'''Dangote Industries Limited''' was incorporated in order to sustain the Group’s market leadership in trading commodities and to expand into manufacturing of food, clothing and building material. Focus was placed on the following: sugar refining, flour milling, pasta production, salt processing, bulk cement bagging, oil and gas exploration, real estate, propylene bag manufacture, haulage, textiles, maritime operations and telecommunications.<ref>[http://www.dangote-group.com/index.php/about-dangote-group History of Dangote Group]</ref> |
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Revision as of 18:04, 29 March 2009
The Dangote Group is currently the largest industrial conglomerate in West Africa and one of the largest in Africa. It generated revenue in excess of US$1.25 billion 2005. The group is one of the leading diversified business conglomerates in sub-Saharan Africa. It employs in excess of 11,000 people. [1]
| Company type | Private Conglomerate |
|---|---|
| Industry | Investments |
| Founded | 1977 |
| Headquarters | Lagos, Nigeria  |
Key people | Aliko Dangote, Chairman & CEO |
| Products | Sugar, Cement, Oil & Gas, Textiles, Banking, Flour, Transportation |
| Revenue | US$1.25+ billion (2005) |
| Total assets | US$6.6 billion (2008) |
Number of employees | 11,000 |
| Website | http://www.dangote-group.com |
History
Dangote Group was founded in 1977 with the formation of ALCO International Limited. Subsequently, Dangote Nigeria Limited was incorporated. During the 1980s and 1990s, the Group ventured into the importation of sugar, milk, flour, fish, rice, cement and iron rods. Later, the Group embarked on the haulage business, which started with 600 trucks under Dangote Transport.
Dangote Industries Limited was incorporated in order to sustain the Group’s market leadership in trading commodities and to expand into manufacturing of food, clothing and building material. Focus was placed on the following: sugar refining, flour milling, pasta production, salt processing, bulk cement bagging, oil and gas exploration, real estate, propylene bag manufacture, haulage, textiles, maritime operations and telecommunications.[2]
Subsidiary Companies
The Dangote Group includes the following subsidiaries, among others:[3]
- 1. ALCO International Limited
- 2. Dangote Nigeria Limited
- 3. Dangote Transport Limited
- 4. Dangote Cement Plc.
- 5. Dangote Salt Plc.
- 6. Dangote Flour Mills Plc.
- 7. Dangote Sugar Plc.
- 8. Dangote Oil & Gas Industries International
- 9. Dangote Textiles Limited
- 10. Dangote Holdings Limited
- 11. Blue Star Limited
- 12. Dansa Foods Limited
See Also
External Links
Aliko Dangote, the 261st Wealthiest Person in the World
Referenves
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