Cameroon is set to see the establishment of a new cement plant as G Power Cement on Friday signed an agreement with the government for an 800,000tpa plant.
The privately-held German firm will invest CFA45bn (US$90m) in the new factory which will be situated in the coastal city of Limbe, southwest region Cameroon. Work on the project is expected to begin next month with the laying of the foundation stone, the CEO of G Power Cement, Bernd Stiehl told All Africa press. The plant is expected to be completed in 2015.
As well as helping to meet local cement consumption requirements, the plant will eventually increase production to exports to neighbouring countries like Chad and the Central African Republic, Mr Stiehl added.