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At CIMPOR inaugural, Dion Ngute advocates for Import -Substitution

The Prime Minister, Head of Government, Chief Dr. Joseph Dion Ngute, has inaugurated the CIMPOR cement plant in Kribi, Ocean Division of the South Region. The inauguration ceremony took place last Friday, July 19, 2024. The Prime Minister inaugurated the cement plant on behalf of the Head of State, President of the Republic, Paul Biya. Addressing guests at the august ceremony, the Prime Minister, Head of Government, Chief Dr. Joseph Dion Ngute, said that this milestone is a demonstration of the appropriate economic policy defined by the President of the Republic of Cameroon.ù

Dion Ngute noted that “In order to overcome the difficulties induced and to execute the very high directives of the Head of State, the government has embarked on a process of accelerating the deployment of the import substitution policy, which is, after all, a major axis of our national development strategy by 2030.” The Prime Minister added that this has led to the export of limestone, marble and clay deposits, as well as the alignment of conditions aimed at contributing to the increase in cement production capacity.

Prime Minister Dion Ngute praised the CIMPOR-Cameroon company for having appropriated the country’s development objectives and promoting the import substitution policy instructed by the President of the Republic. He stressed that by maximizing the use of local materials in the production of its cement, CIMPOR reduces the importation of clinker by 40 to 50%, a measure which, the Prime Minister confirmed, is in line with the Head of State’s import substitution policy. Dion Ngute urged the population of the South not to relent in their efforts to preserve the rich natural heritage of the Region and the determination of the Head of State to transform the region into an admirable industrial site. A big step for CIMPOR Cameroon – CEO CIMPOR Group holdings For his part, the Managing Director of CIMPOR Group Holdings, Suat Çalbiyik, said that the completion of this project “is a big step for both CIMPOR and Cameroon,” adding that “Our new plant is the first of its kind in the world.” The CEO said it would produce 400,000 tons of calcined clay per year.

“By using calcined clay, we will reduce CO2 emissions by 40%. This shows our commitment to the environment,” he said. The goal, the CEO added, is to meet the demand for cement in Cameroon. The ability to use local materials explains the company’s vision of serving the public with modern quality cement, as the CEO said: “We use 40% clay, a local raw material, in Kribi. This will be our first for Cameroon. We have invested about 100 million euros in this factory. This investment means building a future for Cameroon. He announced that, “Through the construction sector, we will provide jobs to more than 10,000 Cameroonians.”

The construction of the new factory, he said, “will increase Cameroon’s export capacity and support economic growth. These investments show our confidence in Cameroon’s potential. The senior CIMPOR official said the goal is to combine innovation, sustainability and economic development: “We are directly connected to the communities we serve. We are committed to the community we serve. We are committed to the community we serve. We will provide high-quality products and great opportunities.

This investment, he added, will provide for the needs of thousands of families. Biya, our candidate in 2025 – Mayor of the city of Kribi In his speech, the Mayor of the City of Kribi Guy Emmanuel SABIKANDA, announced that, as a mark of loyalty to the President of the Republic Paul Biya for this gift and several others, the population of Kribi has chosen him as their candidate for the 2025 presidential election in Cameroon. . “CIMPOR S.A. Cameroon today, through your action, sufficiently reflects the great interest that the President of the Republic, Head of State, His Excellency Paul Biya, attaches to the development of Cameroon and the emergence of the city of Kribi as a major economic development hub. center of our country.”

Through the Prime Minister, Head of Government, Chief Dr. Joseph Dion Ngute, the Mayor of the City conveyed the message of gratitude to the President of the Republic, Paul Biya, of his sincere and profound gratitude for all the effective development measures and reforms that have been taken and that have been implemented in the region. Countless opportunities The CIMPOR cement plant benefits from a total investment estimated at 50 billion FCFA with 300 direct jobs and 1.2 million cement production capacity per year.

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