Sephaku Holdings Limited (SepHold) is a JSE-listed company that offers investors a portfolio of assets focused on the building and construction materials industry. SepHold’s investment portfolio comprises a 100% subsidiary, Métier Mixed Concrete Proprietary Limited (Métier), and a 36% associate, Dangote Cement South Africa Proprietary Limited (SepCem), which are collectively referred to as the group.
The South African cement and mixed concrete manufacturing sector offer promising growth opportunities because they are vital to infrastructure development. The group invests in modern, efficient capacity and is well-positioned to generate growth and create value for shareholders over the long term. The group utilises state-of-the-art production plants with cost efficiencies that enhance competitiveness. The operational management has deep industry skills, extensive experience and the ability to execute the strategic objectives successfully.
Dangote Cement is Africa’s leading cement producer with 40mt of capacity operational, including three plants in Nigeria, an import terminal and Ghana and recently opened factories in Ethiopia, Zambia, South Africa, Senegal and Cameroon. It is a fully integrated quarry-to-customer producer with production capacity of 29.25 million tonnes in Nigeria.
Its Obajana plant in Kogi state, Nigeria, is the largest in Africa with 13.25 million tonnes of capacity across four lines.
The Ibese plant in Ogun State has four cement lines with a combined installed capacity of 12 million tonnes. The Gboko plant in Benue state has 4 million tonnes of capacity.
Through recent investments, Dangote Cement eliminated Nigeria’s dependence on imported cement and is transforming the nation into an exporter serving neighbouring countries.
Dangote Established in May 1981
The Dangote group had grown into one of the largest trading conglomerates in Nigeria
Incorporated as “Obajana Cement Plc” by the Kogi State Government in November
Transit from a trading based business into a manufacturing operation
the Group acquired the Benue Cement Company Plc from the Nigerian government
Dangote Industries acquired Obajana Cement Plc. from Kogi State Government, though no factory existed at this time.
Commissioned the Obajana Cement Plant; the largest cement plant in sub-Saharan Africa
Cement business was unbundled from Dangote Industries through a Scheme of Arrangement.
Commissioned the Obajana Cement Plant with two production lines and capacity of 5 million tonner per annum, making it the largest plant in Sub-Saharan Africa.
Sephaku listed on the JSE
Name changed from Obajana Cement Plc to Dangote Cement Plc and is currently the largest quoted company in Nigeria, accounting for about 30% of the Nigerian Stock Exchange by market capitalisation, following its merger with Benue Cement Company Plc in October 2010
Dangote Industries transfers its pan-African (non-Nigerian) cement interests to Dangote Cement and the construction of SepCem plants begins
Dangote opens Ibese plant in Ogun state, near Lagos, with 6Mta across two lines. Obajana increases capacity by 5Mta with the opening of Line 3. Ghana operations consolidated into DCP accounts.
Acquisition of Métlier
SepCem started producing clinker and cement. Delmas (South Africa) opens 1.5 Mta capacity. Aganang (South Africa) opens 1.8 Mta capacity. Ibese extends capacity by 6Mta to 12Mta. Obajana extends capacity by 3 Mta to 13Mta. Senegal begins operations with 1.5Mta integrated plant.
Cameroon begins operations with 1.5Mta grinding plant in Douala. Ethiopia opens 2.5Mta factory in Mugher. Zambia opens 1.5Mta factory in Ndola. Dangote Cement joins the Premium Board of the Nigerian Stock Exchange.
New capacity commissioned in Sierra Leone (0.5Mta, import) and Congo (1.5Mta integrated)