Chapel Hill Denham, an funding banking agency, has ranked Nigeria’s cement giants, Dangote Cement and BUA Cement as the 2 largest cement firms in Africa by market capitalization.
Market capitalization refers back to the whole worth of an organization’s shares of inventory. It’s calculated by multiplying the value of a inventory by its whole variety of excellent shares.
In a brand new report posted on its web site, Chapel Hill Denham famous that Dangote Cement retained its place as the largest cement maker in Africa with a market cap of $9.7 billion on the shut of buying and selling on Friday.
BUA Cement alternatively has a market capitalization of $4.07 billion as of two:00 p.m. on August 24 in Lagos.
Since BUA Cement was listed as a public agency with a market capitalization of $3.30 billion on January 9, 2020, the corporate has accomplished a merger of two strategic subsidiaries.
The event has remodeled the businesses owned by billionaire businessman, Abdul Samad Rabiu, into one of many largest entities in Nigeria.
Additionally listed within the report are two Moroccan cement makers – Lafarge Holcim Marocsa ($4.01 billion), and Ciments du Maroc ($2.22 billion) in addition to Nigeria’s Lafarge Africa Plc ($905 million) and PPC Restricted from South Africa ($261 million).
Others are Tanzania’s Portland Cement CO ($295 million), Carthage Cement of Tunisia ($180 million), Bamburi Cement Restricted from Kenya ($116 million) and Egypt’s pair of Arabian Cement Firm ($87 million), and Misr Beni Suef Cement ($105 million).
Dangote Cement Plc is Sub-Saharan Africa’s main cement firm, with a manufacturing capability of 51.6 million tonnes per yr throughout ten nations. Collectively, these operations make us the biggest cement producer in Sub-Saharan Africa.
The Dangote Cement plant in Obajana, Kogi, is the biggest in Sub-Saharan Africa with 10.25 million tonnes per yr capability throughout three strains and an additional 3 million tonnes per yr capability at the moment being constructed.
BUA Cement PLC is a publicly listed agency headquartered in Nigeria, it produces and markets cement merchandise within the nation. It’s the second largest producer in Nigeria after Dangote Cement.