China-Africa: Two Chinese firms to build cement, fertilizer plants in Cameroon
Two Chinese firms- Overseas construction (CGC) and China Aero technology International Engineering (CATIC) have been chosen for the of two cement and fertilizer production plants in Cameroon next year, an official source told APA.
The Memorandum of understanding signed between the two companies and the Cameroonian government is expected to help Cameroon in two years not only provide the local market mainly with cement which is suffering recurrent shortages but also to supply the sub-regional market.
Regarding the construction of the fertilizer plant, the Chinese side has announced the release of FCFA135 billion of investment for a total production of 120, 000 tonnes of urea and 90, 000 tonnes of ammonia.
As the Cameroonian Industry, Mining and New Technologies Minster Badel Ndanga Ndinga said, it is about “making available to farm input users both in African, western and eastern countries”.
The second project on the construction of a cement plant estimated at FCFA 35 billion is expected to offset the cement shortage in Cameroon with an annual production capacity of one million tonnes of cement for the first phase and three million tonnes for the second one.
These two projects should create more than 6, 000 direct and indirect jobs for an annual turnover of over 10 billion CFA francs.
(APANEWS)
Tags: Cameroun