On December 17, 2016,CBMI signed the contract, which wasCameroon YAO 500,000 t/y cement grinding stationwith LafargeHolcim Group (hereinafter referred to as "LHGroup") in its LyonsTechnical Center.
Cameroon YAO Project is invested by CIMENCAM Cement Company, which is a joint venture of LH Group in Cameroon, and this project is located in Yaoundé, the capital of Cameroon. Attendees of the signing ceremony were the CEO of CIMENCAM Cement Company Mr.Pierre Damnon, the representatives of LH Group’s LyonsTechnical Center Mr. Pierre Rogman andMr. Daniel Allimann, the Director of Marketing Department of CBMI Mr. Ma Aiguo, the Deputy Director of Marketing Department Mr. Yang Zhi, the Technical Manager Mr. Xiong Rui, the Director of Civil Department Mr. Zeng Lingyan, etc.
Cameroon YAO Projectis a brand newcement grinding station, which is in EPC contracting mode, with the scope from clinker feeding to cement packing and shipping. The contract will come into force after signature, the owner’ receiving of Guarantees and CBMI’s receiving of the advance payment. The contract period is18 months after its coming into force to complete industrial test, and 19 months to gain PAC.
The signing of CameroonProject with LH Group is the second time of cooperation after signing Kenya and Uganda projects with it in this month. This project also belongs to the first projects after Lafarge Group and Holcim Group merging into LH Group. The grant to CBMI again by LH Group fully illustrates LH Group’s affirmation and trust to CBMI. It is believed that the successful implementation of this projectwill lay a more solid foundation for future cooperation.The signing of the projectexpands the influence of CBMI in East African market, consolidates the position of CBMI within the regional market, and lays a solid foundation for further exploring the regional market.