Yaoundé - 21 April 2019 -

Cameroon: Cement manufacturers reached XAF191.9-bln cumulated revenues in 2018

Cameroon: Cement manufacturers reached XAF191.9-bln cumulated revenues in 2018
  • Comments   -   Thursday, 11 April 2019 13:40

(Business in Cameroon) - The four cement producers in Cameroon achieved a cumulated turnover of XAF191.9 billion in 2018, sources at the tax administration said.

Market leader Dangote Cement Cameroon, the local arm of Nigeria’s Dangote Group, closed the year with XARF86.4 billion selling a total of 1.2 million tons of cement.

Cimencam, the Cameroonian subsidiary of LafargeHolcim, came second with XAF70.7 billion. The company sees higher revenues this year since it inaugurated April 2 a new production plant in Nomayos, Yaoundé suburb. With this 500,000-tons unit, the once market leader plans to regain its position on the market.

Benoît Galichet, MD of Cimemcam, says the Nomayos unit makes it possible for the company to “get closer to promising markets” in the central, south, and east regions, and tap opportunities in neighboring countries such as the Central African Republic.

Cimaf Cameroon controlled by Moroccan Addoha, closed the top 3 with a turnover of XAF28.5 billion, ahead of Medcem Cameroon (controlled by Turkish Eren Holding) which made XAF6.3 billion over the period reviewed.

Brice R. Mbodiam

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