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Infos Business of Tuesday, 29 September 2015

Source: investiraucameroun.com

Camlait invests in soy-based yogurt plant

Camlait Camlait

With an increasingly tough competition in the yogurt market in Cameroon, with the arrival of companies such as Dolait or Royal Crown, the Cameroonian Dairy Company (Camlait) have decided to diversify its products, adding to its range of yoghurts made from soy varieties.

To do this, it was revealed by the televised magazine, Réussite, the company had to invest 3 billion FCFA for a specialized plant.

“Growth (yogurt demand increases by 25% per year) is such that competitors settle in the long term. We are forced to explore other areas of growth in order to survive in this market,” noted Paulin Toukam Zuko, the CEO of Camlait, who also revealed that the soy-based yogurt production costs are 50% lower than those made from milk.

According to sources, the last finding of Camlait is even more strategic that, this food company now aims to achieve 65% of its turnover with these soy products. This is, especially when raw material is produced locally while the milk is imported at great expense.