NASCON Allied Industries Plc

Our History

NASCON Allied Industries Plc (previously National Salt Company of Nigeria Plc) was established in 1973 as a salt refinery at Ijoko (Near Sango-Ota); Ogun State as a joint venture between the Federal Military Government of Nigeria and Atlantic Salt & Chemical Inc. of Los Angeles, California, USA, due to an identified need for self-sufficiency in the production of this essential commodity.

In order to achieve this, the Federal Military Government appointed Messrs Atlantic Salt & Chemical Company Incorporation as Technical Partner for the establishment of this company in October 1972; the technical agreement was signed on March 1973. The National Salt Company of Nigeria was thus incorporated on April 30, 1973.The equity shareholding of the company at the time was:

Federal Military Government of Nigeria 55%

Atlantic Salt & Chemical Inc. 35% (Technical Partner)

Former Western State Government 10% (Now Oyo, Ogun, Osun, Ondo, Lagos and Ekiti States)

The construction work commenced on October 20, 1974. Construction of the refinery was completed in December 1975 and erection of plants and machinery was completed in August 1976, with a total capacity of 110,00Mt. With the acquisition of controlling shares by Dangote Group, the average daily production increased to 600,000 metric tons per annum, with the inclusion of three refineries in Apapa, Oregun and Port Harcourt.

The production activity at the Apapa plant started in 2001 with the production of edible and kitchen salt in 25kg and 50 kg (bulk) sizes. The Port Harcourt refinery commenced production in 2003, while production at Oregun kicked off with the production of iodized table salt in 250g, 500g and 1Kg sachet sizes for domestic use under the brand names Annapurna®* and Dangote®.

*Annapurna is a brand name owned by West Africa Popular Foods (WAPF) as a joint venture between NASCON and Unilever Nigeria Plc.

By-products from the salt refining process include:

Fine (butter) salt (used in the production of biscuits and confection)

Granulated kitchen salt and industrial salt.

PRODUCT EXTENSION/PRODUCT LINE EVOLUTION

In 2014, the business expanded its product lines to further increase profitability in line with our long-term growth objectives. In 2014, NASCON took advantage of its leadership position in the production of specialized PDV salt, and expanded into the production of flavoured seasoning and stock cubes under the brand name Dan-Q.

Dan Q seasoning is presently available in chicken and beef flavour variants with plans to expand our flavour offerings in line with consumer needs and the demand for flavour variation.

Dangote Tomato Paste is a thick paste made by cooking high-quality organic tomatoes for several hours to reduce moisture, then straining them to remove the seeds, skin, and then cooking them again to reduce them to a thick, rich concentrate. We entered into this product category in response to an identified supply gap within the Nigerian market where local production plus imports have been unable to effectively meet local demand. We currently sell our tomato paste under the Dangote brand name.

Vegetable Oil: Also in response to the obvious supply gap in the market and the perennial shortage of vegetable oil, resulting in the influx of low quality grey imports into Nigeria, NASCON PLC in 2015 commenced the production and sale of vegetable oil as a high grade refined product for domestic and industrial use. For the moment, we avail the product in bulk to end users for the production in the food industry. We expect to expand into retail packaging in the very near future.

A member of the Dangote Group of companies, NASCON is squarely committed to achieving the mission and vision of the group through our products and every interaction.

OUR VISION:

To be a world class enterprise that is passionate about the quality of life of the general populace and giving high returns to stakeholders.

OUR MISSION:

Touch the lives of people by providing their basic needs.

OUR VALUES:

Customer Service:

– As a world-class organisation, we understand that we exist to serve and satisfy our customers and consumers. Accordingly, our customer orientation reflects intimacy, integrity and learning.

Entrepreneurship:

– We continuously seek and develop new businesses, and employ innovative ideas to retain our market leadership.

Excellence:

– We are a large organisation, working together to deliver the best products and services to our valuable customers and stakeholders. To achieve this, we demonstrate teamwork, respect and meritocracy.

Leadership:

– We thrive on being leaders in our business, markets and communities. To drive this, we focus on continuous improvement, partnership and professionalism