Dangote Cement

Dangote Cement Plc

Type	Public
Traded as	: DANGCEM
Industry	Building materials
Predecessor	Obajana Cement Plc
Founded	1992
Headquarters	Lagos, Lagos State, Nigeria
Key people	Aliko Dangote (Chairman)
Products	Cement
Revenue	NGN₦386 billion (2013) ₦298 billion (2012) ₦235 billion (2011)
Operating income	₦243.7 billion (2013) ₦135 billion (2012) ₦118 billion (2011)
Profit	₦201 billion (2013) ₦149 billion (2012) ₦120 billion (2011)
Total assets	₦843 billion (2013) ₦673 billion (2012) ₦526 billion (2011)
Total equity	₦550 billion (2012) ₦420 billion (2012) ₦290 billion (2011)
Number of employees	4,477 (2012) 3,428 (2012) 2,854 (2011)
Parent	Dangote Group
Subsidiaries	Sephaku Cement
Website	dangotecement.com
Footnotes / references

Dangote Cement Plc is a Nigerian multinational publicly traded cement manufacturer headquartered in Lagos. The company is engaged in the manufacture, preparation, import, packaging, and distribution of cement and related products across the African continent. Dangote Cement Plc was formerly known as Obajana Cement Plc 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 Dangote Industries Limited and is the largest company traded on the . In 2013, the company produced and sold 13.3 million metric tonnes of cement, with revenues of US$2.4 billion. As of 2014, Dangote Cement had a market capitalization of $20 billion. In 2012, Forbes Africa named Dangote Cement as one of the top five listed companies in West Africa.

Dangote Cement is Nigeria's largest cement producer with three plants in Nigeria and plans to expand in 13 other African countries. The company is a fully integrated quarry-to-depot producer with production capacity of 19.25mmtpa in Nigeria at the end of 2012. The company plans to build a further 19mmtpa of production, grinding and import capacity across Africa, expected to be operational by the end of 2015.

The Dangote Cement plant in Obajana, Kogi, is the largest in Sub-Saharan Africa with 10.25mmtpa capacity across three lines and a further 3mmtpa capacity currently being built. In 2012, the firm opened a $1 billion cement plant in Ibese, Ogun. 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 Sinoma, and represents one of the largest non-oil investments in Nigeria. The company's plant in Gboko, Benue has 3mmtpa capacity with an upgrade to 4mmtpa planned in 2013.

A plant in Senegal along with a plant in Tanzania opened in 2015.