(Business in Cameroon) - Between 2013 and 2015, the Société Camerounaise de Transformation Métallique (SCTM - Cameroonian Metal Processing Company), leader in the domestic gas distribution market in the country, lost around 5% of market share, according to official figures. Indeed, the market share of this company dropped to a little over during 2015, against 38% in 2013.

At the origin of this gradual loss of ground in the domestic gas distribution market, we learned from authorised sources, are the increasingly interesting performances of new market players, such ad Tradex; but more importantly the financial difficulties faced by SCTM for some years, particularly following the death of the company's promoter.

In effect, the cumulated outstanding payments owed by the leader of the domestic gas distribution in Cameroon to the Groupement des professionnels du pétrole (GPP - Oil Professionals Group), as transfer rights for the supply in oil products, have now gone over FCfa 3 billion.

One can even recall that while complaining about the insolvency of SCTM during a meeting with the Minister of Trade in October 2015 in Yaoundé, Perrial Jean Nyodog, Managing Director of Tradex (a company which has been the main importer of domestic gas for some years) and President of GPP, has threatened to suspend the supply to SCTM. This threat is still valid, according to our sources, since SCTM has still not made a single payment until now.

BRM

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23-10-2015 - Cameroun : SCTM, leader du marché du gaz, menacé de suspension par la corporation des pétroliers