24, November 2019
In the first nine months of 2019, Dangote Cameroon reported a decrease in its domestic performance with sales down six per cent.
“Our 1.5Mta clinker mill in Douala sold about 866,000t of cement in the first nine months of 2019, down six per cent from 920,000t sold in the same period in 2018. We estimate that our market share was 40 per cent during the period,” said the group.
The decline in performance has been attributed by the company due to persistent security problems in the northwest and southwest regions, where economic activity has been slowing down due to fighting between secessionists and defence forces.
In the first half of this year, Dangote had already reported a decline in activity, seeing its sales at 0.6Mt, or down 7.1 per cent YoY.
Published under Cement News