African cement producer CIMAF plans to invest in two projects aimed at expanding local production capacity and supporting the implementation of major infrastructure projects in Gabon.
The first investment, estimated at USD 178 million, will be used to build a fully integrated cement plant in Ntoum, Gabon.
The second project, valued at USD 44 million, involves the expansion of CIMAF’s plant in Owendo through the commissioning of a third production line. The expansion is expected to increase the plant’s cement production capacity by 1 million tonnes per year, bringing its total capacity to 1.85 million tonnes per year.
The projects are expected to help reduce Gabon’s dependence on imported cement, limit foreign currency outflows and ensure a stable supply for the domestic market. They are also expected to create approximately 1,900 new jobs.
