Atlantic Group to inject over XAF39bln in the construction of a cement plant in Kribi businessincameroon.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessincameroon.com Daily Mail and Mail on Sunday newspapers.
Atlantic Cement soon to start construction on 1Mta plant 17 February 2021
The Autonomous Port of Kribi (PAK) in southern Cameroon has made a 10ha plot available in its industrial zone to Atlantic Group, owned by Ivorian billionaire Kone Dossongui.
In the next few months, Atlantic Group will build a 1Mta cement plant that will trade under the name of Atlantic Cement. The company has obtained all required approvals for the project, according to Agence Ecofin.
The new cement plant is expected to be identical to the factory of the Société de Ciment de Cöte d’Ivoire, which is also owned by Mr Dossongui. The Ivorian plant was inaugurated on 28 January 2021 in the PK24 Akoupé-Zeudji industrial zone in Abidjan.
(Business in Cameroon) - In the next few months, Atlantic Cement (owned by Ivorian business mogul, Kone Dossongui’s Atlantic Group) will launch the construction of its cement plant in the industrial zone of the deep seaport of Kribi. All the necessary authorizations for this one million tons capacity plant have been granted already, we gathered.
For the construction, the Port Authority of Kribi (PAK) which manages the deep seaport of Kribi, provided the group with a 10-hectare plot in the industrial zone.
From credible sources, this new cement plant should be similar to the plant of
Société de ciment de Côte d Ivoire (SCCI), which is fully controlled by Mr. Dossongui. Inaugurated on January 28th, 2021 in the PK 24 Akoupé-Zeudji industrial zone (Abidjan), this cement plant cost XAF60 billion, according to Côte d’Ivoire’s Minister of Commerce and Industry, Souleymane Diarrassouba.