Cimencam, a subsidiary of LafargeHolcim Maroc Afrique (LHMA) is investing MAD $470 million (about Euro 42.6 million or about USD 46 million), for building a new cement plant in Nomayos, Cameroon, bringing Cimencam’s total cement production capacity in the African country to about 2 MTPA (million tons per annum). According to LafargeHolcim, the project will enable the social, economic and environmental development of the region.
The new cement plant will have an annual cement production capacity of around 500,000 tons/year which will be sold locally as well as and other central African nations. According to the company sources, with the addition of the new plant, Cimencam will become the top cement factory in Cameroon in terms of production capacity.
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LafargeHolcim Maroc Afrique (LHMA) is a joint venture between the Société nationale d’investissement (SNI) and the LafargeHolcim group. LHMA (LafargeHolcim Maroc Afrique) already owns a 54.74 per cent share in Cimencam. According to a report of Global Cement the new cement plant will be LafargeHolcim’s third in Cameroon. The investment agreement between Cameroon’s government and LafargeHolcim was actually signed in early 2016 to construct the Nomayos plant but for some undisclosed reasons the project got delayed after it was announced, according to the news organization.