Cement News tagged under: Medcem Cameroon

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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...

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...

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: Medcem Cameroon receives new capital

21 April 2016, Published under Cement News

The share capital of Medcem Cameroon, a subsidiary of the Turkish group Eren Holding, has soared from XAF10m (US$ 172,129 ) to XAF400m, a legal statement by the firm revealed on Wednesday. StarAfrica reports that this capital upsurge by cash contribution from shareholders, is in stark contrast with the commercial activities of the cement plant whose products have been absent from the market for over six months. After several postponements and a test phase in late August 2015, Medcem ceme...