The company Mecdem Cameroon will be inaugurated on 16 December 2016 in Douala.
With an annual production capacity of 600,000 tons, Mecdem Cameroon is the fourth largest cement company in the country. The daily newspaper Le Jour of December 13, 2016, which also relays this information, specifies that the cement plant of an investment of about 13 billion FCFA has benefited from the benefits provided by the law of 2013 incentives for private investment in the Republic of Cameroon.
“It will thus be able to enjoy substantial tax benefits over a period ranging from 5 to 10 years“. According to sources, its inauguration is scheduled for December 16 in the city of Douala in the Littoral Region.
It must be said that, in fact, this company is the 3rd unit of cement production which launches its activities on the Cameroonian territory in the space of 3 years. It is also the fourth cement plant alongside Cimencam, Dangote Cement, and Cimaf. It is therefore expected to bring annual cement production to Cameroon of about 4.3 million tonnes.
Predictions that are pleasing the authorities. Ernest Gbwaboubou, Minister of Mines, Industry and Technological Development, said in this sense that “the cement works well in Cameroon, it is even a case of school“. And according to the Minister, this is due to the framework law of investment of 2013. “It has leaped cement production in the country and is likely to attract even more investments,” writes the daily.
Sources tell us that the Nigerian Tycoon Dangote wants to put a plant of the same frame in Douala in Cameroon and for an investment of 88.7 billion FCFA and a target of 1.5 million tons of annual production capacity. However, it should be noted that this multiplication of cement company in Cameroon does not have a significant impact on the cost of the cement bag. It goes from 5000 FCFA in the past to 4550 – 4600 FCFA today.