Government Assured Of Regular Cement Supply
By Godlove BAINKONG, Cameroon Tribune
Cement importers and local producers have assured the government of
Cameroon of a constant supply of the market for the remaining three
months of 2014. They said what they have requested from producing
countries abroad or will be produced locally in the last quarter of the
year
can conveniently meet national demand at stable prices.
The stakeholders in the cement sector met with the Minister of Trade,
Luc Magloire Mbarga Atangana, yesterday October 1, 2014 to analyse the
market situation so as to jointly seek solutions to problems that could
disrupt the market, if any. This was in a traditional concertation
within the framework of government’s efforts to fight against
speculation and price hikes usually detrimental to consumers.
It emerged from the discussions that domestic consumption of cement
is in the neighbourhood of 2.2 million metric tons per annum with
importations estimated at over one million metric tons. Local producers
like Cimencam estimated that about 550,000 metric tons of the product
will be needed to round off the year. Cimencam officials during the
meeting disclosed that the outfit is capable of producing about 300,000
metric tons for the next three months and those of Cimaf (Moroccan firm)
said the factory could produce 125,000 metric tons between now and
December.
Meanwhile, Dangote, which is yet to produce its first bag, said test
productions will be carried out end of October and hope is that
effective production could begin in November with about 120,000 metric
tons envisaged before the end of the year.
As concerns importations, main dealers like Quiferou said 265,000
tons are envisaged to be shipped in, with about 164,000 tons already on
the waters en route to Cameroon. Fokou intends to import 200,000 tons
within the period. While Afrique construction is eyeing 75,000 tons with
25,000 tons on the way already, Sorepco is bracing up to import 50,000
tons. Importers however expressed worries that some of their imports are
already at the Douala seaport suffering under the weight of offloading
procedures.>>>
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