A cement plant: A new cement plant will be constructed by Eren through its local subsidiary, Medcem, in Cameroon.
CEO of Turkish Eren Holdings has signed an investment agreement with the government of Cameroon for the construction of a new cement production plant in Cameroon.
The new cement plant will be constructed by Eren, through its local subsidiary, Medcem Cameroon.
Expected to be operational in 2015, the cement production plant will, at start, produce 600, 000 tonnes. The project is set to benefit from incentives exceptions established by Act of 18 April 2013.
The company will be meeting earlier market entrants, including Lafarge. The latter is already producing 1.6 million tonnes via its Cameroon subsidiary, Cimencam. Others are Morocco’s Addoha, producing 500,000 tonnes under the Cimaf brand name, and Dangote Group that will be commissioning a one-million capacity new cement plant in Douala in October.
Cameroon’s current cement demand is about 2.8 million tonnes/pa and is projected to be 8 million tonnes annually by 2020. This is likely to attract new cement market entrants.
http://constructionreviewonline.com/2014/09/19/eren-holdings-to-invest-in-a-new-cement-production-plant-in-cameroon/
