Cement News tagged under: Cameroon

RSS feed

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...

CIMAF Cameroon to triple production capacity

20 April 2017, Published under Cement News

CIMAF Cameroon has announced that it will triple its current 0.5Mta production capacity to 1.5Mta by 2018 on the back of domestic market growth. "At the end of this extension, CIMAF Cameroon intends to consolidate its position as a major player in the local and sub-regional market," according to the company’s statement. The project will put the Moroccan-owned cement producer on a par with Dangote, which currently owns a 1.5Mta grinding unit at Douala.

Cameroon: LafargeHolcim launches construction of EUR42.6m cement plant

30 March 2017, Published under Cement News

LafargeHolcim Maroc Afrique has launched construction of a new 0.5Mta plant in the Cameroonian locality of Nomayos, near Yaoundé. The new project required a total investment of EUR42.6m (US$45.7m). The plant project has been launched via Cimencam, LafargeHolcim Maroc Afrique’s local branch, and is expected to increase Cimencam’s annual production to 2Mta. With the addition of the new plant, Cimencam will control Cameroon’s cement monopoly and be able to meet both domestic and foreign d...

Cameroon cement plants produce 2.6Mt in 2016

01 March 2017, Published under Cement News

Cameroon’s cement producers – Cimencam, Dangote, Cimaf and Necsen – have produced a combined output of 2.6Mt of cement in 2016, according to Camerpost. Total installed cement capacity in the country is 4.2Mta following the commissioning of three new cement plants in 2015-16. Cimencam operates a 1.6Mta works at Figuil and delivered 0.9Mt of cement to the domestic market. Dangote Cement Cameroon opened its 1.5Mta unit on the banks of the river Wouri. The company said it had acquired a “50.1...

Dangote Cement

27 February 2017, Published under Cement News

Dangote Cement is planning a number of new investments in Ethiopia, where it currently has a 2.5Mta plant, located in Mugher. Around US$19m is being spent on a new bagging plant with a capacity of 120m bags/year, which is due for completion by mid-2017. The company is also building a new silo at its Mugher works, which is expected to be completed in 3Q17. There has been talk of Dangote investing in a second production line at the plant although spare parts are proving difficult to source due...

Cameroon: smuggled Dangote cement creates price drop

08 February 2017, Published under Cement News

Dangote cement currently sells between XAF-2800-3500 (US$4.55-5.68) per 50kg bag in northern Cameroon, significantly lower than the XAF4500-4600 applicable in the south of the country, local sources revealed. The price erosion results from smuggling activity suffered by Dangote in the northern part of the country.  Important cargoes of Dangote cement sold in this area of Cameroon come directly from Nigeria, despite there being a ban on imports of cement in Cameroon, implemented by public ...

Medcem Cameroon’s local shareholder outlines plans

13 January 2017, Published under Cement News

The Cameroonian part-owner of the country’s newest cement producer, Medcem, has spoken of the ambitions behind his partnership with Turkish investors, Business Cameroon reports. Emmanuel Peughouia is the owner of the Quifeurou group of hardware stores and plans to use this network of outlets to distribute Medcem’s product. Quifeurou has 56 stores in 35 locations in Cameroon, Chad and the Central African Republic. “We are very proud to be the first Cameroonian business to invest in this...

Medcem adds more grinding capacity to Cameroon

16 December 2016, Published under Cement News

Medcem Cameroon (Eren Holdings Group) announced this week that it will officially open its 0.6Mta Douala grinding plant today, Friday, 16 December 2016. It is just one of a number of new capacity projects that have been scheduled to boost Cameroon’s cement market in the next few years and yet the cement price remains high for this African nation. Cement prices might have been expected to start fluctuating when Dangote Cement brought its 1.5Mta Douala grinding plant in March 2015. Last Ma...

Medcem Cameroon to officially open 16 Dec

13 December 2016, Published under Cement News

Medcem Cameroon, owned by the Turkey-based Eren Holdings, will officially open its Douala plant on Friday, 16 December. With a production capacity of 0.6Mta, the cement plant represents an investment of XAF13bn (US$21m). The first cement was produced in October 2015. Medcem Cameroon is the third cement company to have launched on the domestic market in three years and the fourth cement producer in the country, joining LafargeHolcim subsidiary Cimencam, Dangote Cement and CIMAF. As ...

Cameroon: new Cimencam plant by 2018

19 October 2016, Published under Cement News

Société les Cimenteries du Cameroun (Cimencam) announced that the commissioning of its new Nomayos cement plant is scheduled for mid-2018. The new grinding unit will boast an installed capacity of 2Mta and is expected to cost XAF23bn (US$38.5m). The project, which was originally announced in 2011, will benefit from 5-10 years of tax and customs duties exemptions, as per an agreement signed in May between Cimencam and the State of Cameroon. The agreement follows the conditions provided in ...