Singapore – August 20, 2025 – AAIC Holdings Pte. Ltd. (Head Office: Singapore; CEO: Susumu Tsubaki; hereinafter “AAIC”) has entered into a Memorandum of Understanding (MoU) with Dangote Industries Limited (Head Office: Lagos, Nigeria; President and CEO: Aliko Dangote; hereinafter “Dangote”) and Mitsui Chemicals, Inc. (Head Office: Chuo-ku, Tokyo; President & CEO: Osamu Hashimoto; hereinafter “Mitsui Chemicals”) to explore opportunities for comprehensive collaboration.
Founded in 1981 with its cement business, Dangote has since grown into Nigeria’s largest conglomerate, with operations spanning across sugar, infrastructure, power generation, real estate, and more. The company currently operates a petroleum refining and petrochemical complex with a capacity of 650,000 barrels per day, a fertilizer plant producing 3 million tons annually, and cement production facilities across 12 African countries, making it one of the continent’s leading industrial groups.
AAIC shares Dangote’s vision of addressing social challenges through domestic production and local value creation. Through this MoU, the three parties will explore concrete opportunities to strengthen social infrastructure and foster regional industrial development in Nigeria and other African countries.
Photo Caption (Back Row, from right to left): 6th_Susumu Tsubaki, Founder & CEO, AAIC Holdings Pte. Ltd./5th_Devakumar V. G. Edwin, Vice President, Dangote Industries Limited/4th_Yoshinori Ando, Senior Managing Executive Officer, Mitsui Chemicals, Inc.
Photo Caption (Left to right): Yoshinori Ando, Senior Managing Executive Officer, Mitsui Chemicals, Inc. / Devakumar V. G. Edwin, Vice President, Dangote Industries Limited / Susumu Tsubaki, Founder & CEO, AAIC Holdings Pte. Ltd.
- ●About Dangote Industries Limited
- Company Name: Dangote Industries Limited
- Founded:1981
- Headquarters: Lagos, Federal Republic of Nigeria
- President and CEO: Aliko Dangote
- Business overview
- –Manufacturing Industry: Cement, sugar production, salt and seasonings, fertilisers, infrastructure, refineries, agricultural products
- -Service Industry: Power generation, educational institutions, real estate, mineral resources, automotive-related, logistics, etc.
- ●About Mitsui Chemicals, Inc.
- Company Name: Mitsui Chemicals, Inc.
- Founded:1997
- Headquarters: Tokyo, Chuo-ku,
- President & CEO: Osamu HASHIMOTO
- Business overview
- -Life & Healthcare Solutions: Specialty chemicals business, Food-and health-related business, Medical-related business
- -Mobility Solutions: Elastomers, Composite materials, Solutions business
- -ICT Solutions: Materials and components for semiconductor and electronic component manufacturing processes, Optical materials, Lithium-ion battery materials, High-performance food packaging materials
- -Basic & Green Materials: Phenols, PTA, Polyurethane, Green chemicals
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