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Cameroon: Cimencam will start new Nomayos cement factory, in suburbs of Yaoundé, by mid-2018

Cameroon: Cimencam will start new Nomayos cement factory, in suburbs of Yaoundé, by mid-2018
  • Comments   -   Tuesday, 18 October 2016 13:44

(Business in Cameroon) - The company Société les Cimenteries du Cameroun (Cimencam) announced for mid-2018 the commissioning of its new Nomayos cement factory, in a town located about thirty kilometres away from Yaoundé, the capital of the country.

According to the official communiqué revealing the information, this grinding unit, which will cost FCfa 23 billion, will bring the annual production of this company to 2 million tons.

Through an agreement signed in May between Cimencam and the State of Cameroon, this project announced 5 years ago (the cornerstone laying ceremony took place in September 2011) will benefit from 5 to 10 years of tax and customs duties exemptions, as provided in the 2013 Act on promoting private investment in the Republic of Cameroon.

As a reminder, Cimencam, a company formerly owned by French group Lafarge, is now under the control of Lafarge Holcim Maroc Afrique (54.7% shares), a joint-venture gathering the Lafarge Holcim group (merger of French Lafarge and Swiss Holcim) and the Société nationale d’investissement du Maroc (National Investment Company of Morocco), an investment unit belonging to the Moroccan royal family.

BRM

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