Dangote Group.

If there is any Nigerian organisation that can lay claim to "providing your basic needs", then it has to be the Dangote Group, a company that has consistently remained a market leader. The Group has over the last three decades enjoyed increasing market share for its products. In 2006 alone, the

Dangote Group recorded an annual turnover in excess of N300bn ($2.5bn), a remarkable feat. The Group has, in the last 10 years, recorded phenomenal growth in all its manufacturing sectors as well as its haulage, insurance and real estate divisions. This success has strengthened the resolve of the Dangote Group to expand into oil and gas, steel, telecommunications and fertilizer businesses.

[ILLUSTRATION OMITTED]

Alhaji Aliko Dangote, a business graduate of Al-Azhar University, Cairo, is the founder and CEO of the Dangote Group, which he transformed from a small trading business started in 1977 into a multi-billion naira conglomerate spanning Africa. The Dangote Group is one of the biggest and fastest growing conglomerates in Nigeria. Its lines of business currently include cement, sugar refining, pasta, flour milling, salt, polypropylene bags, haulage, and port operations.

Obajana Cement plc is engaged in both bulk importation and bagging of cement as well as in local manufacturing. Its factories currently produce about four million metric tonnes a year of cement.

Dangote Sugar Refinery plc, the largest refiner of sugar in sub-Saharan Africa, has a production capacity of over one million metric tonnes a year and is embarking on an expansion programme to double output. Dangote refined sugar is of exceptionally high quality, distributed in 50kg bags.

With a salt production of about 480,000 metric tones a year, Dangote provides about 70% of the salt requirement of Nigeria.

Identifying with the global retailing trend, the Dangote Group is increasingly packaging its products in retail sizes. This has proven a successful strategy and enabled greater market penetration than was previously the case with its wholesale packaging.

The Dangote Group's compliance with best practices and standards has earned its products the sought after endorsement of the International Standards Organisation.

The Dangote Group uses major local and international print and broadcast media to promote its products. Special promotions, executed as the need arises, have played a vital role in the success of the brands in the Dangote stable. Dangote has promotional pay-off lines for its various products. For pasta: "Mama mia, how can I resist you"; for flour: "Always your daily choice"; for salt: "The essence of life"; for sugar: "Makes the difference"; and for cement: "For solid structures".

Availability, acceptability, affordability, durability, distinctiveness, credibility and satisfaction--these are the core values that the Dangote Group embraces. Dangote is committed to deploying globally acclaimed best practices in its processes and its quality control mechanisms. Dangote Group also places high premium on the wellbeing and skills of its workforce

* Dangote's Obajana Cement Plant in Kogi State was built at a cost of over N120bn and is the largest cement plant in Africa. Lines 1 & 2 were commissioned in May 2007, while the foundation stones for lines 3 & 4 have since been laid to increase plant capacity to 10 million tonnes per annum.

* Dangote Sugar Refinery plc was awarded the Best African IPO for 2007 by Africa Investor. Dangote Group was assigned an "AA" by Augusto & Co., a leading research credit ratings firm for business excellence, good profitability, sufficient working capital, good cash flow, large market share and good quality management.

* Dangote Flour Mills plc which was listed on the Nigerian Stock Exchange on 4 February 2008, was 620% over subscribed in its IPO.

Related Articles

  • Markets continue to be in the red.
  • Markets continued to trade in the negative territory during the previous trading hour on the back of sustained selling in index heavyweights. The overall breadth is negative, with losers outnumbering gainers in the ratio 5:1 on the Sensex. While selling ......
  • Ash Grove opens new cement plant.
  • In September, Ash Grove Cement Co. celebrated the opening of its new $160 million, 1.5 million ton-per-year cement plant in Chanute, Kan. The plant replaced a 574,000 ton-per-year plant constructed in 1907 and last modernized in 1964. Chanute is about ......
  • P1-B cement plant expansion meets opposition.
  • Byline: BERNIE CAHILES-MAGKILAT House Majority Floor Leader Prospero Nograles has raised strong opposition against Holcim Philippines' proposed P1-billion expansion of its cement manufacturing facility in Davao saying the plant has not complied with environmental requirements and is causing pollution in ......
  • Raymond to make Rs 100-cr investment in South Gujarat.
  • AHMEDABAD: Textile major Raymond has planned an investment of over Rs 100 crore in south Gujarat. The figure may go up to over Rs 250 crore in the next few years, officials in the state industries department say. The Rs ......
  • Vizag Steel in Rs 8,692-cr expansion mode.
  • HYDERABAD: Vishakapatnam Steel Plant has announced an investment of Rs 8,692 crore for its Phase II expansion plans. The expansion would in-crease VSP's capacity from the current 3.5 metric tonnes a year to 6.3 metric tonnes. The project would be ......
  • 'PMC's garbage plant lying idle'.
  • PUNE: Even as around 1,250 metric tonnes of untreated garbage is dumped at Urali Devachi everyday causing hardships to nearby villagers, the Pune Municipal Corporation (PMC) has been accused of showing apathy towards waste management as a garbage transfer plant ......
  • Government aims top increase palay harvest.
  • Agriculture Secretary Leonardo Montemayor said on Friday the country aimed to harvest 13.5 million tons of unmilled rice this year compared with 12.39 million last year. "We have decided to maintain the palay (unmilled rice) target at 13.5 million metric ......
  • Poor paddy arrivals in Punjab mandis.
  • Byline: Surinder Awasthi CHANDIGARH: Mandi arrivals of paddy this year have been abysmally slow despite relaxation in the specification for minimum support price (MSP) early this month. So far, only 74.62 lakh metric tonnes (MT) paddy has been procured by ......
  • Food sent at critical time.
  • Supported by 10 other members of the Canadian Foodgrains Bank (CFGB) and matching funds from the Canadian International Development Agency (CIDA), PWS&D shipped 8,000 metric tonnes of Canadian wheat worth $3.6 million US to North Korea in February 2004. The ......
  • Hijacked ship with Indian crew released.
  • Byline: Mansi Chowksi MUMBAI: The director general of shipping (DGS) on Friday said that the Jordanian vessel MV Victoria with 10 Indians on board, which had been hijacked on May 17, had been released by Somalian pirates and that the ......
  • KENANA CELEBRATES ANNIVERSARY WITH RECORD HARVEST.
  • The Sudan-based Kenana Sugar Company, in which Kuwait and Saudi Arabia are major shareholders, celebrated its 25th anniversary with a record sugar harvest. Kenana, the largest integrated sugar project in the world, produced 387,044 metric tonnes (mt) of white sugar ......
  • Shrimp posts 14% growth despite nature's fury.
  • Byline: S Sanandakumar KOCHI: Despite natural calamities and market distortions the aquaculture production of shrimp in the country registered a 14% increase in '05-06 and stood at 143,170 metric tonnes. The harvest has come from a total area of 140,682 ......
  • Global steel output hits new high in '06.
  • Byline: Ravi Parwan World steel production reached a new high in 2006, with total output reaching 1.24 billion metric tonnes for the year, according to International Iron and Steel Institute (IISI). China and Asia region continue to lead the growth ......
  • Comic Vs statistics in time of inflation.
  • NEW DELHI: The contrast between strategies of the Congress and the BJP on inflation could not have been starker than on Wednesday as the BJP's dramatic assertions on price rise were up against cool sophistication of the Congress' numbers-backed defence ......
  • JK Tyres acquires Mexican tyre co Tornel for Rs 270 cr.
  • NEW DELHI: In its first overseas acquisition, JK Tyre & Industries has bought the privately-held Mexican tyre company Tornel for Rs 270 crore. JK Tyre plans to raise funds through a Special Purpose Vehicle (SPV) in Mexico and the buyout ......

Related Topics