Displaying items by tag: CIMENCAM

Cameroon: Luc Magloire, the Minister of Commerce, has written to Cimenteries du Cameroun (CIMENCAM) threatening to close its production facilities if it raises its prices without approval. In the letter the minister accused the subsidiary of LafargeHolcim of increasing its wholesale prices and of preparing to do so again without consent, according to the Ecofin Agency. Prices have reportedly risen by up to 8% in some places.

Friction occurred between the government and CIMENCAM in 2020 when LafargeHolcim renewed the term of Benoît Galichet as the chief executive officer of its local subsidiary. The government, a large minority shareholder of the company, opposed the decision. The government and the cement producer have also disagreed previously over the price of cement.

Cameroon: Cimenteries du Cameroun (CIMENCAM) has signed an agreement with YUP Cameroon to accept online payments via YUP’s mobile phone-based banking system. Orders can be made via on CIMENCAM’s online portal. YUP allows its customers to access financial services without a bank account. The system started in Ivory Coast and Senegal in 2017 and is now present in Burkina Faso, Cameroon, Guinea, Ghana and Madagascar.

Cameroon: Cimencam has donated 2000 Covid-19 test kits, 15 respirators and 10 reanimation beds to the Ministry of Public Health to help in its fight against the Covid-19 outbreak. The Journal du Cameroun newspaper has reported that chair Pierre Moukoko Mbonjo formally handed over the supplies, worth US$179,000, to Minister of Public Health André Mama Fouda at a ceremony in the Cameroonian capital of Yaounde.

Cameroon: Cimencam has inaugurated its 0.5Mt/yr Nomayos cement grinding plant. The company also launched a new logo, according to the Ecofin Agency. The new unit will manufacture the company’s MultiX CEM II 32.5 R Ordinary Portland Cement (OPC) and its Sublime white cement products.

The subsidiary of LafargeHolcim is planning to regain lost market share in the country since Dangote Cement started operating locally. It is planning to build a new kiln at its Figuil integrated plant in Garoua, which is due for commissioning in 2020.

Cameroon: The electricity supply in parts of central and southern Cameroon has been disrupted whilst a substation at Nomayos near Yaoundé is connected to the main network. The disruption is necessary ahead of the commissioning of Cimencam’s Nomayos cement grinding plant, which is scheduled for the first quarter of 2019, according to Business in Cameroon. The new plant will have a production capacity of 0.5Mt/yr. It has an investment of around US$40m.

Cameroon: Cimencam has assured Ernest Gbwaboubou, the Minister of Mines, Industry and Technological Development, that the first bag of cement will be despatched from the Nomayos grinding plant in the first quarter of 2019. The comments were made during a visit by Gbwaboubou to the unit, according to Business in Cameroon magazine. The minister also noted that the compensation process for residents affected by a power line to the plant had yet to be completed.

The new plant will have a production capacity of 0.5Mt/yr. The project has an investment of around US$40m. The plant will source pozzolans from a quarry at Foumbot.

Cameroon: Benoît Galichet has been appointed as the director general of Cimencam. He succeeds Pierre Damnon, according to the Agence de Presse Africaine. Galichet, a French national, is aged 47 years. He will oversee the commissioning of the cement producer’s new cement grinding plant at Nomayo and the continued promotion of the company’s ‘Multi-X’ cement product.

LafargeHolcim holds a 55% stake in Cimencam, the government holds a 43% stake and employees hold the remaining 2% share.

Cameroon: Cimencam, a subsidiary of LafargeHolcim, plans to start producing cement at its new Nomayos grinding plant in early 2019. The 0.5Mt/yr unit had an investment of US$41m, according to Agence Ecofin. Once the new plant is completed Cimencam will have a production capacity of 2Mt/yr in the country.

Cameroon: Cimencam will spend US$70m to upgrade its integrated plant at Figuil. A new kiln is being built at the plant to meet increased demand from export markets in Chad and the Central African Republic, according to the Cameroon Tribune newspaper. The subsidiary of LafargeHolcim is also building a cement grinding plant at Nomayos.

Cameroon: The Ministry of Finance forecasts that demand for cement will rise by 10% due to various infrastructure projects. The government department also indicated that some cement producers are increasing their production capacity, according to Business in Cameroon.

Cimencam, a subsidiary of LafargeHolcim, is planning to build a 0.5Mt/yr grinding plant at Nomayos in Yaoundé. It is expected to be complete in 2019. Dangote Cement plans to build a 1.5Mt/yr plant in Yaoundé and Ciments de l'Afrique (CIMAF) is upgrading its plant Douala to 1.5Mt/yr from 0.5Mt/yr. The CIMAF project is scheduled for completion also in 2019. Following commissioning of all the new projects, the market share of each cement producer is expected to be Dangote Cement with 45%, Cimencam with 30%, CIMAF with 22% and Medcem with 3%.