Cement News tagged under: Cameroon
Dangote Cameroon cement sales stable at 1.2Mt in 201807 March 2019, Published under Cement NewsDangote Cement sold 1.2Mt of cement in Cameroon in 2018, reflecting stable sales when compared with the previous years, according to the Nigeria-based company. Dangote Cameroon said the stagnation of its performance can be explained partly by the arrival of “a new competitor” in the market, Cameroonian company Egin SA, which produced around 100,000t in 2018. In addition, following price cuts by competitors earlier in the year, the average cement price in Cameroon reached US$107/t at the ... |
Nomayos substation connects to grid for new Cimencam works05 March 2019, Published under Cement NewsThe new Cimencam cement works in Nomayos will be able to draw power from Cameroon’s transmission network from 5 March as the Nomayos electricity substation will be connected to the country’s transmission system. Following connection, the cement plant’s commissioning is due to take place soon. The Cimencam cement plant represents an investment of CFA23bn with 5-10 years of tax and customs exemptions in line with 2013 provisions laid out by the Cameroonian government. The 0.5Mta works will r... |
Dangote reports 15% rise in 9M EBITDA23 October 2018, Published under Cement NewsDangote Cement announced a 13.5 per cent rise in group revenues to NGN685.29bn (US$1.88bn) for 9M18 as sales volumes advanced 7.6 per cent to nearly 17.8Mt. Group EBITDA rose 14.6 per cent YoY to NGN337.3bn while EBITDA margins advanced from 48.8 per cent in 9M17 to 49.2 per cent in 9M18. Net profit advanced to NGN158.28bn in 9M18 from NGN154.122bn in the year-ago period. Nigeria In Nigeria sales volumes increased 11.7 per cent to nearly 10.8Mt on the back of a domestic market recovery.... |
LafargeHolcim on track to open new Cimencam plant in early 201913 July 2018, Published under Cement NewsConstruction on the new Cimencam plant in Nomayos, Cameroon, is progressing well and the 0.5Mta works is on track for commissioning in early 2019, according to reports by Ecofin Agency. "In terms of investments, I think Nomayos is the most important. When we go to Nomayos today, there are almost 200 people working, some Chinese and many Cameroonians. The civil engineering is well advanced, a new crusher is on the site. In less than a year, Nomayos will produce,” says Pierre Damnon, former... |
Cameroon to build fifth cement plant06 July 2018, Published under Cement NewsCameroon-based Engineering Construction Manufacturing and Trading Ltd (ECMT) has announced the construction of a cement plant in Ebolowa (south) for a cost of CFA15bn (US$26.7m), following an agreement signed with the Investment Promotion Agency (API). The new plant will have a cement capacity of 0.5Mta and will bring the number of cement plants in Cameroon to five. These plants include the 1.5Mta Cameroon Cement works (CIMENCAM), a subsidiary of LafargeHolcim, and Dangote Cement Cameroon'... |
Dangote28 June 2018, Published under Cement NewsDangote Cement Cameroon sold 0.332Mt of cement in the opening quarter of 2018, boosting its market share in the country to 44 per cent. Infrastructure projects for the 2018 African Football Nations Cup have increased demand of late, which stood at around 0.76Mt in the first three months of this year. Dangote currently operates one cement plant in Cameroon with a production capacity of 1.5Mta. However, it is due to open a second plant in 2019, located in Yaoundé, taking the producer’s tota... |
Cameroon's four main producers plan expansions20 June 2018, Published under Cement NewsCameroon's Mira Cement, a new entry to the market, has announced a project to construct a 1Mta plant in Douala. Meanwhile, all of the country's four main producers have plans to expand their production in the coming years, according to The Africa Report. Cimencam began constructing a 0.5Mta facility at Nomayos, outside of Yaoundé, in March. Cimaf Cameroun is set to triple its current 0.5Mta capacity this year, while Dangote Cement Cameroon is planning a new plant in Yaoundé. Finally, Me... |
Dangote sells 0.332Mt of cement in Cameroon in 1Q1815 June 2018, Published under Cement NewsDangote has sold 0.332Mt of cement from its 1.5Mta cement plant in Douala, Cameroon, in the first quarter of 2018 according to the Nigeria-based cement producer. The company attributes its sales to increased brand awareness, additional sales outlets and improved marketing strategies. Dangote Cement estimates its 1Q market share at 44 per cent, slightly up when compared with the 1Q17. Total cement demand in Cameroon stood at 0.76Mt in 1Q18, according to the company. Infrastructure proje... |
Cameroon sees exports more than double in 201724 May 2018, Published under Cement NewsCement exports from Cameroon reached 57,459t in 2017, a considerable increase from 19,700t in 2016, according to data released by the Ministry of Economy, Planning and Trade. Most of the volume is supplied to countries of the Economic and Monetary Community of Central Africa (CEMAC). The rise has come on the back of an increase in local cement production by Cameroon’s cement manufacturers, which have a total production capacity of 3.7Mta. The domestic market saw its local supply su... |
Dangote Cement Group's revenue up 16% in 1Q1825 April 2018, Published under Cement NewsDangote Cement group released its 1Q18 results and reported revenue up 16.3 per cent to NGN242.1bn (US$672m). This gives Dangote a market share of approximately 66 per cent. Group EBITDA rose by 22.2 per cent to NGN 125.9bn, while Pan-African EBITDA increased by 77.3 per cent to NGN13.1bn. In the domestic market of Nigeria, Dangote sold 3.7Mt of cement in the 1Q18, up 5.3 per cent on 1Q17 after slightly lower sales in January and February. Of Nigeria’s total 1Q18 sales, nearly 211,000t was... |