Cement News tagged under: Cameroon

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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 ...

LafargeHolcim continues African expansion

13 October 2016, Published under Cement News

Following the acquisition of Socimat in Côte d’Ivoire last July, LafargeHolcim Maroc Afrique (LHMA) continues its regional expansion. LHMA, a joint venture between Morocco’s Société Nationale d’Investissement (SNI) and LafargeHolcim, will buy back 50 per cent of the capital of SCB Lafarge in Benin and 54.7 per cent of Cimencam in Cameroon, according to Afrique Expansion. The transaction values have not been disclosed. SCB Lafarge has a production capacity estimated at 0.6Mta while Cim...

US$69m loan for Equatorial Guinea cement plant

15 August 2016, Published under Cement News

The Equatorial Guinea government has been granted a XAF40.5bn (US$69m) loan by the Cameroon-based Common Savings and Investment Fund (CCEI) to build a cement plant in the west African state. The loan will be used for the purchase of production equipment, including raw material storage, laterite crusher and conveyors. Grupo Abayak SA will build a 0.5Mta cement plant in Akoga, reflecting a total investment of XAF162bn. The option exists to expand the works’ capacity to 1Mta.

Cameroon: Government hopes Mintom quarry will bring down cement prices

08 June 2016, Published under Cement News

The government of Cameroon has called on investors to help develop the Mintom limestone deposit, located in the country’s southeast, in the hope that this would lead to lower cement prices. According to Business in Cameroon, the Director of the Institute of Geological and Mining Research told business leaders last week that a quarrying operation in Mintom would lead to a fall in cement prices on the order of 50 per cent. Before 2015 Cameroon had only one cement producer, Cimenteries du...

New Cameroon plant agreement signed

21 January 2016, Published under Cement News

Mira Company has signed an agreement with the Cameroon’s Ministry of Industry and Technological Development to construct a 1Mta cement plant in Douala. The deal allows the Swiss engineering company to benefit from provisions in Cameroon’s law which offers incentives to private sector investors in the central African country. Shandong Design and Research Institute has reportedly been awarded the contract for the project. The plant is expected to be officially put into operation by the end o...

New Cameroon plant agreement signed

31 December 2015, Published under Cement News

The Switzerland-based Mira company is reportedly looking to construct a new cement plant in Douala, Cameroon, under an agreement signed with the government, local press have reported citing sources at the Ministry of Industry, Mining and Technological Development. According to the article published by StarAfrica, the company should benefit from the provisions on incentives for private investment in Cameroon. The new cement plant project is expected to have an initial capacity of 1Mta.

New 1Mta plant planned for Cameroon

29 December 2015, Published under Cement News

The Switzerland-based Mira company has announced plans to build a 1Mta cement plant in the city of Douala under an agreement signed with the government of Cameroon. For an estimated investment capital of over XAF32bn (US$53.56m), the new cement production plant will create an estimated 1600 direct and indirect jobs for an initial production of 1Mt of cement a year. This new plant will bring the number of cement plants already operating in Cameroon to five, including the Cameroon Cement (CI...