Displaying items by tag: Douala

Cameroon: Cement producer Entreprise Générale Industrielle (EGIN) has obtained US$10.3m in financing from the Central African Development Bank (BDEAC) to expand production and storage capacity at its Douala grinding plant, according to News du Camer. Managing director Kaiafas Georges Kyriakos and BDEAC president Dieudonné Evou Mekou signed the agreement in Douala.

In its 2023 annual report, BDEAC announced that it had provided initial financing for the implementation of this project, estimated at a total of US$33.7m. EGIN entered the cement business in 2017 under the Lion brand.

BDEAC said the new support is part of its wider US$56.4m financing package for projects across the sectors of cement, reinforcing steel, hospitality and logistics.

Cameroon: Cameroon will increase its cement production capacity by 4.3Mt to 12.7Mt/yr by the end of 2025 with the addition of three new plants in Édéa, according to Business in Cameroon. The new facilities will help meet local demand and support exports.

The first plant, Sino Africaine (Sinafcim) is under construction and will have a 1Mt/yr capacity. It is set to begin production in April 2025. It will employ 200 workers and 90% will be Cameroonian. The second, Central Africa Cement (CAC), has been operational for several months with a 1.5Mt/yr capacity. It currently employs 100 people and aims to reach 200. The third, Yousheng Cement, is being built near Douala and will have a 1.8Mt/yr capacity. National demand in Cameroon is reportedly around 8Mt.