Cement News tagged under: Cameroon

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Dangote Cameroon sees 6% sales drop in 9M19

22 November 2019, Published under Cement News

In the first nine months of 2019, Dangote Cameroon reported a decrease in its domestic performance with sales down six per cent. "Our 1.5Mta clinker mill in Douala sold about 866,000t of cement in the first nine months of 2019, down six per cent from 920,000t sold in the same period in 2018. We estimate that our market share was 40 per cent during the period," said the group. The decline in performance has been attributed by the company due to persistent security problems in the northwes...

MoU signing for 0.5Mta Cimenterie Industrielle de Kribi plant

31 October 2019, Published under Cement News

Oscar Minko, managing director of Cimenterie Industrielle de Kribi (Cmikri) Sarl, and the Chinese consortium China National Building Material Co Ltd (Sinoma/Afcham) have signed a memorandum of understanding (MoU) in Yaoundé, for the construction of a cement plant in the Kribi industrial port complex. Once completed, the average yearly distribution capacity of this plant will be 0.5Mta, expandable to 1.5Mta. The project requires the installation of an 18,000t silo for clinker and a 4000t sil...

Cimenterie du Cameroon launch Sublim white cement

05 September 2019, Published under Cement News

Cimenterie du Cameroon (LafargeHolcim) has launched its new Sublim brand of white cement, the first white cement product to be released in the country. The cement is produced at the company's Bonabéri plant. It held the official launch at the Hotel La Falaise Bonapriso. The company says the product delivers a constant and luminous whiteness to bring out the brightness and aesthetics of the works.

Dangote Cameroon sees 7% sales drop

08 August 2019, Published under Cement News

Dangote Cameroon has posted a 7.1 per cent drop in sales in the 1H19 when compared with the 1H18. "Our 1.5Mta clinker mill in Douala sold about 0.6Mt of cement in the first half of 2019, down 7.1 per cent from 0.64Mt sold in the first half of 2018. We estimate that our market share was 40 per cent during the period, "says Dangote. "The decrease in our sales can be attributed to persistent security concerns in the North West and Southwest regions, which resulted in a reduction in activity, ...

Medcem Cameroon increases share capital to XAF17.5bn

25 July 2019, Published under Cement News

Medcem Cameroon (Eren Holdings) has increased its capital from XAF400m to XAF17.5bn (US$679,000 to US$29.7m).The increase has created 1.759m new shares with a nominal value of XAF10,000. The Turkish company is the smallest cement producer in Cameroon with a cement capacity of 0.2Mta. It is competing against CIMAF (0.5Mta), Dangote Cement (1.5Mta) and Cimencam (2Mta). Based on production capacity projected by operators, Minister of Economy, Louis-Paul Motaze, ranked Dangote Cement as mark...

Dangote Cement

22 May 2019, Published under Cement News

The first quarter of 2019 saw Dangote Cement report a 2.3 per cent YoY increase in volumes to 6.3Mt. Over the same period, however, group revenue declined by 0.8 per cent to NGN240.2bn (US$668m) while EBITDA contracted by 11.2 per cent to NGN111.8bn. Nigeria: despite a subdued economy, the cement market grew by six per cent in 1Q19 with Dangote supplying almost 4Mt. Revenues, however, fell by 2.3 per cent to NGN169.9bn, EBITDA contracted by 10.4 per cent and margins fell to 60.9 per cent ...

Dangote Cement sees volumes rise, revenues down in 1Q19

29 April 2019, Published under Cement News

Dangote Cement reported increased volumes of 6.3Mt, up 2.3 per cent YoY, in the first quarter of 2019. However, group revenues slipped 0.8 per cent to NGN240.2bn (US$668m) and group EBITDA fell 11.2 per cent to NGN111.8bn. Nigeria Despite a subdued domestic economy, Nigeria’s cement market remained robust, expanding by six per cent in the 1Q19. However, the rate of growth slowed in February and March. As a result, Dangote’s Nigerian operations supplied nearly 4Mt, its third-highest qua...

Cameroon cement industry reaches sales of XAF191.9bn in 2018

12 April 2019, Published under Cement News

Cameroon’s four cement producers achieved a total turnover of XAF191.9bn (US$330.4m) in 2018, according to sources in the country’s tax administration. Market leader Dangote Cement Cameroon sold 1.2Mta of cement, resulting in a sales figure of XAF86.4bn. LafargeHolcim-owned Cimencam increased its revenues to XAF70.7bn following the inauguration of its new 0.5Mta Nomayos plant in Yaoundé suburb on 2 April 2019. Cimaf Cameroon, part of the Morocco-based Adoha group, achieved a turnover o...

Cimencam inaugurates 0.5Mta grinding plant

05 April 2019, Published under Cement News

President Paul Biya of Cameroon inaugurates the Nomayos grinding plant On Tuesday this week, Cimencam (LafargeHolcim group) officially inaugurated the new Nomayos cement plant. The ceremony was carried out under the patronage of his Excellency Paul Biya, President of the Republic of Cameroon. The grinding plant has a capacity of 0.5Mta and was constructed by CBMI of China. According to Benoît Galichet, CEO of Cimencam, this new production unit is the first step in the transf...

Dangote Cameroon cement sales stable at 1.2Mt in 2018

07 March 2019, Published under Cement News

Dangote 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 ...