Dangote Cement
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 in Nigeria and has plants or import terminals in 9 other African countries. History. 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 Nigerian Stock Exchange. Dangote Cement listed on  the Nigerian Stock Exchange in October 2010 and as at August 13, 2014 accounts for 20% of the total market capitalization of the Nigerian Stock Exchange. Aliko Dangote 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. Operations. The Dangote Cement plant in Obajana, Kogi, is the largest in Sub-Saharan Africa with 10.25 million tonnes per year capacity across three lines and a further 3 million tonnes per year 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 3 million tonnes per year capacity with an upgrade to 4 million tonnes per year planned in 2013. A plant in Senegal along with a plant in Tanzania opened in 2015. That same year, a plant was opened  in Ethiopia also, which came under threat of civil unrest in 2017 and civil war in 2021.