Infos Business of Thursday, 25 June 2015
Source: koaci.com
Dangote Cement Cameroon, which launched production in March, is seeking distributors for its local production now.
According to information published by a Cameroon online newspaper in Douala, Dangote cement, third cement plant in the country, is looking for distributors for its products.
Suddenly, the press questioned the ability of the structure to face Cameroon competition in a sector dominated by the pioneer, the Cimenteries du Cameroun (Cimencam), subsidiary of the french Lafarge where the State holds approximately 40%, which remained in a situation of monopoly for more than 50 years.
Cement produced by Dangote Cement Cameroon, from base Elf in Douala, where the plant is installed is sold to the final consumer at a price of 4450 FCFA for a 50 kgs bag, 150 CFA francs CFA) less than the bag produced by Cimencam (4 600 CFA FRANCS). And 50 CFA francs more than cement Cimaf, produced by the Moroccan Addhoha (4 400).
Next to these heavyweights, many local businessmen benefit from liberalization to import cement from China.
With an investment of 50 billion CFA FRANCS, Dangote Cement Cameroon aims to bring his cement production, originally planned for 1 million, to 1.6 million tons per year.