The new Cimencam cement works in Nomayos will be able to draw power from Cameroon’s transmission network from 5 March as the Nomayos electricity substation will be connected to the country’s transmission system. Following connection, the cement plant’s commissioning is due to take place soon.
The Cimencam cement plant represents an investment of CFA23bn with 5-10 years of tax and customs exemptions in line with 2013 provisions laid out by the Cameroonian government. The 0.5Mta works will raise LafargeHolcim’s production capacity in the country to 2.1Mta.
However, with the arrival of Dangote Cement Cameroon in 2015, Cimencam faces increasing competition in the domestic market.
Crown Cement earned a profit after tax of BDT1001m in FY24
Crown Cement PLC, in Bangladesh, recently released its annual report for FY23-24. During the las...