Dangote Group: Difference between revisions
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location = [[Lagos]], [[Nigeria]]| |
location = [[Lagos]], [[Nigeria]]| |
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key_people = [[Aliko Dangote]], [[Chairman]] & [[CEO]]| |
key_people = [[Aliko Dangote]], [[Chairman]] & [[CEO]]| |
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num_employees = |
num_employees = 18,000 | |
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revenue = {{increase}} [[US$]] 1.6 billion (2010)| |
revenue = {{increase}} [[US$]] 1.6 billion (2010)| |
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net_income = {{increase}} [[US$]] 384.4 million (2010)| |
net_income = {{increase}} [[US$]] 384.4 million (2010)| |
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Revision as of 17:49, 16 June 2012
| Company type | Conglomerate |
|---|---|
| Industry | Investments |
| Founded | 1981 |
| Headquarters | Lagos, Nigeria |
Key people | Aliko Dangote, Chairman & CEO |
| Products | Sugar, Cement, Crude oil, Natural gas, Textiles, Banking, Flour, Transportation |
| Revenue |  US$ 1.6 billion (2010) |
| US$ 384.4 million (2010) | |
Number of employees | 18,000 |
| Website | Homepage |
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 Africa. It employs in excess of 11,000 people.
Overview
The Dangote Group is a diversified conglomerate, headquartered in Lagos, Nigeria, with interests across a range of sectors in Africa. Current interests include cement, sugar, flour, salt, pasta, beverages and real estate, with new projects in development in the oil and Natural gas, telecommunications, fertilizer[1] and steel. The Group focuses on provision of local, value-added products and services that meet the needs of the African population. Dangote Cement, the largest cement production company in Africa, with a market capitalization of almost US$14 billion on the Nigeria Stock Exchange, has subsidiaries in Benin, Cameroon, Ghana, Nigeria, South Africa and Zambia.[2] In December 2010, the group signed an agreement with the Government of Zambia to construct a US$400 million cement plant in Zambia. Once completed in June 2013, as anticipated, the new plant is expected to have an annual output of 1.5 million metric tonnes of cement.[3]
Subsidiary companies
The Dangote Group includes the following subsidiaries, among others:
- ALCO International Limited
- Dangote Nigeria Limited
- Dangote Transport Limited
- Dangote Cement Plc. - Listed on Nigeria Stock Exchange[4]
- National Salt Company of Nigeria Plc. - Listed on Nigeria Stock Exchange
- Dangote Flour Mills Plc. - Listed on Nigeria Stock Exchange
- Dangote Sugar Refinery Plc. - Listed on Nigeria Stock Exchange[5]
- Dangote Oil & Gas Industries International
- Dangote Textiles Limited
- Dangote Holdings Limited
- Blue Star Limited
- Dansa Foods Limited
- Dansa Food Processing Limited
- Dancom Technologies
- GreenView International Company Limited - Has invested US$28+ million in cement factory in Ghana.[6]
- Sephaku Cement Limited - Dangote Group has 64% shareholding in this South African cement company.[7]
- Alheri Engineering Limited
- Kura Holdings Limited
External links
References
- ^ Dangote Group Ventures Into Fertilizer
- ^ Dangote Group's Cement Operations Span Six African Countries
- ^ Nigerian Tycoon To Invest $400 Million In Zambia Cement Plant
- ^ Four Dangote Subsidiaries Listed on NSE
- ^ Dangote Sugar Listed On NSE
- ^ Dangote Subsidiary Invests In Ghanaian Cement Factory
- ^ Dangote Group Acquires 64% Shareholding In Sephaku Cement Limited