Cement News tagged under: Cameroon

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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 ...

Nomayos substation connects to grid for new Cimencam works

05 March 2019, Published under Cement News

The 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 EBITDA

23 October 2018, Published under Cement News

Dangote 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 2019

13 July 2018, Published under Cement News

Construction 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...