Dangote Cement Plc, Africa’s largest cement producer, has announced to its stakeholders and the general public the recent shutdown of its Obajana Cement plant in Kogi state.
This action by the cement giant followed the invasion and sealing of its Obajana plant on Wednesday, 5 October 2022, by vigilantes and thugs from the state government over claims of unpaid taxes and Kogi state government supposed equity stake in Dangote Cement Plc.
This is according to a filing the firm made with Nigeria Exchange Group on 6 October 2022 titled: “Obajana Cement Plant Shutdown”
According to the company, the incident which took place in the cement plant resulted in several of its staff being injured by these thugs and local vigilantes. It said:
“This development led to several of our staff being harmed by these thugs and local vigilantes”
“The welfare of our staff remains our key focus as we work hard to minimize the further impact on our people and operations. However, we remain resolute in transforming Africa while creating sustainable value for our people, communities, investors, and customers.”
The firm asserted to its stakeholders and the public that it is taking relevant steps to remedy the situation and will not refrain from its position as a compliant organization.
About Dangote Cement Plc
Dangote Cement (DangCem) is the most valuable cement company and the second most valuable stock on the Nigerian Exchange (NGX) with a market capitalization of N4.17 trillion.
Dangote Cement Plc is Sub-Saharan Africa’s largest cement producer, with an installed capacity of 51.6Mta across 10 African countries. It operates a fully integrated “quarry-to-customer” business with activities covering manufacturing, sales, and distribution of cement.
It has a production capacity of 35.3Mta in Nigeria; the Obajana Plant in Kogi State, Nigeria, is the largest in Africa, with 16.3Mta capacity across its four lines; the Ibese plant in Ogun State has four cement lines with a combined installed capacity of 12Mta; the Gboko plant in Benue state has 4Mta; Okpella plant in Edo state has 3Mta.
The firm has operations in Cameroon (1.5Mta clinker grinding), Congo (1.5Mta), Ghana (1.5Mta import), Ethiopia (2.5Mta), Senegal (1.5Mta), Sierra Leone (0.5Mta import), South Africa (2.8Mta), Tanzania (3.0Mta), Zambia (1.5Mta).
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