The Cameroon government and Lafarge are investing CFA50bn (US$581m) in a cement factory to be built in Nomayos, a small town 15km southwest of Yaounde, the unit’s chief executive officer said Friday.
Jointly owned by Cameroon’s government and Lafarge’s Cimenteries du Cameroon, or Cimencam, the new plant will produce some 500,000tpa of cement, Cimencam CEO Pierre Moukoko Mbonjo told Dow Jones Newswires.
The Nomayos factory will be the third for Cimencam, which already produces 1.6Mta of cement at its factories in Figuil in the country’s north and in the port city of Douala.
Last month, the Cameroon’s government and Nigeria’s Dangote Group signed an agreement authorising the company to build a cement plant in Douala. Dangote will invest XAF55bn in the project, which is to produce 1Mta.