Cameroon cement company Cimencam, which previously sold its cement higher than any other market player, has reduced its prices to become the least expensive supplier, with a 50kg bag of its cement going for XAF 4,350 (€6.63/US$7.30) in Douala.
This comes after competition on the market has increased with the arrival of two new cement producers in Cameroon, including
Together local producers Cimencam, Cimaf and Dangote Cement Cameroon already produce 3.6 million tonnes of cement/year, to which must be added the supply of importers of the cement to the country, while demand for cement in Cameroon was only around 3 million tonnes in 2014. Cameroon could even become a cement exporter with national production expected to increase to 5 million tonnes annually between now and 2017, following Dangote’s announcement of plans to build a second factory in Yaoundé with an annual production capacity of 1.5 million tonnes.
