(Business in Cameroon) - Nigerian cement giant Dangote Cement PLC recently published its H1, 2019 results statement. According to figures available in the report, the Cameroonian subsidiary’s sales decreased during the period under review.
“Our 1.5Mta clinker grinding facility in Douala sold approximately 0.6Mt of cement in H1 2019, a 7.1% decrease on the 0.64Mt sold in H1 2018. We estimate our market share to have been 40% during the period (…) The decrease in our sales can be attributed to the continuous security challenges in the North West and South West regions, resulting in reduced activity, as well as the 1.6Mta new competitor capacity,” the group writes.
Dangote estimates that in H1, 2019, the cement market in Cameroon was about 1.5 million tons mainly because of the government’s social housing project and individual construction projects.