Mobile 01 2712212-5
Last Price: 18   Change: +0 %
Brief Description
Nascon Allied Industries Plc is involved in salt refining and distribution. The Company is engaged in the processing of raw salt into refined, edible and industrial salt. The Company produces seasoning, tomato paste and vegetable oil, operating principally in Nigeria. It also produces other food-related products. Its segments include Salt, Seasoning, Tomato, Vegetable Oil and Freight income. Salt retail packs come in various sizes. The Company sells its products directly to distributors who redistribute to small wholesalers, confectioners, supermarkets and retailers. The Company provides freight services to customers by transporting salt, tomato paste and vegetable oil purchased to their destinations. NASCON was founded in 1973 and listed on the Nigerian Stock Exchange in 1991 when the Dangote Group first invested in the company before becoming the majority shareholder in 1996.