Cement News tagged under: Cameroon

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Cameroon to build fifth cement plant

06 July 2018, Published under Cement News

Cameroon-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'...

Dangote

28 June 2018, Published under Cement News

Dangote 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 expansions

20 June 2018, Published under Cement News

Cameroon'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 1Q18

15 June 2018, Published under Cement News

Dangote 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 2017

24 May 2018, Published under Cement News

Cement 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 1Q18

25 April 2018, Published under Cement News

Dangote 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...

Dangote market share in Cameroon now exceeds 45%

07 November 2017, Published under Cement News

The Cameroon subsidiary of Nigeria’s Dangote Cement Group (Nigeria) has captured a 45 per cent share of the local market only two years after launching activities in the country, according to a report in Journal du Cameroun. “We can say that we are above 45 per cent”, said Mr Diekam, the commercial director of Dangote Cement Cameroon. This has been achieved in spite of a competitive market place that features four multinationals including CIMENCAM, a subsidiary of LafargeHolcim (Switzerland...

Egin to start Cameroon cement production in October

01 September 2017, Published under Cement News

Cameroon-based Egin SA has signed an investment agreement with the government, under guidance of the Investment Promotion Agency (API). Project manager, Jean-Pierre Belobo, announced that the company expects to produce the first bags, marketed under the “Lion” brand, in October 2017. While news about the new XAF8.2bn (US$14.9m) factory is limited, the new works is based in Douala and is 90 per cent complete. Raw materials have been ordered. The Cameroon cement market has attracted m...

Dangote Cement

26 June 2017, Published under Cement News

Production is due to start at Dangote’s new 1.5Mta cement grinding plant in Bouansa, Republic of Congo, this month, according to the company. The US$300m facility will take the country’s total cement production capacity to 2.55Mta along with Cimaf (0.5Mta), Sonocc (0.25Mta) and Forspal (0.3Mta). The works will also boost Dangote’s capacity across Africa to more than 40Mta. Construction is currently underway on a new 3Mta grinding plant in Côte d'Ivoire and two new plants have been announc...

Dangote Cement delivers strong financial performance

02 May 2017, Published under Cement News

Dangote Cement reported a strong financial performance in 1Q17 despite a fall in volumes, with record revenues which were up by 48.1 per cent to NGN208.2bn (US$679.6m) and record EBITDA of NGN103.bn, up 42.3 per cent. “Dangote Cement produced record financial results in the first three months of 2017. Despite lower Group volumes, we delivered significantly higher revenues and EBITDA after realigning prices late in 2016. Our new pricing strategy meant every tonne worked harder for us in Ni...