Innovation

Two new factories for iron rods, gas bottles inaugurated in Douala

By Tata Mbunwe

Cameroon’s Prime Minister, Joseph Dion Ngute, inaugurated two state-of-the-art factories for the production of iron rods and gas bottles in the economic capital Douala on Friday, January 19.

These factories, named Prometal 4 and Prometal 5, are owned by Prometal Group, a leading steel producer in Central Africa based in the Bassa industrial zone in Douala.

Prometal 4, the more prominent of the two, boasts a production capacity of 300,000 tons of iron rods yearly.

Costing FCFA 45 billion, it stands out as one of the most modern and diversified steel transformation plant in Sub-Saharan Africa.

The facility is set to manufacture various steel products, including beams, angle irons, smooth bars, screws, flat bars, and wire rods – serving as intermediate products for nail production.

On the other hand, Prometal 5, the fifth production plant of the Prometal Group, represents an investment of FCFA 12 billion.

This factory will produce 600,000 gas bottles and 5,000 metric tonnes of iron annually.

The combined investment in both factories exceeds FCFA 57 billion, according to official sources.

One of the remarkable features of Prometal 5 is its potential to address Cameroon’s reliance on gas bottle imports.

Currently, the country imports 450,000 to 500,000 domestic gas bottles annually, incurring a cost of about FCFA 8 billion.

The inauguration of Prometal 5 marks a turning point, reducing dependence on imports and positioning Cameroon as a potential exporter of up to 100,000 domestic gas bottles per year.

The inauguration ceremony was attended by government officials, industry leaders, and other stakeholders.

The Prime Minister emphasized the significance of these factories in promoting economic growth, providing employment opportunities, and enhancing local production capacities.

Estimates suggest that the two factories will create approximately 3,000 new jobs, including 1,000 direct employment opportunities.

This development aligns with Cameroon’s broader efforts to strengthen its industrial base, stimulate economic activity, and reduce dependence on imports in critical sectors.

Mimi Mefo Info

Mimi Mefo Info (Editor)

Recent Posts

Bokwaongo Royal Family Rejects Njie Mbonde’s Designation as Chief

By Tata Mbunwe The designation of journalist Albert Njie Mbonde as Chief of Bokwaongo village…

8 minutes ago

Menka Village Responds to Separatist Attacks: Kidnapping and Recovery of Stolen Equipment

Youths in Menka, a village in the Pinyin area of Cameroon’s North West Region, have…

1 hour ago

Limbe Hosts 139th International Labour Day Celebrations

The 139th edition of International Labour Day is being marked in Limbe with an official…

3 hours ago

10-Month-Old Baby Abducted in Brutal Attack on Mother

A 10-month-old baby girl, Bih Irene, has been reported missing following a violent assault on…

4 hours ago

La création d’une filiale pétrolière à Kribi sous la présidence de l’épouse du DG de la SNH crée la controverse

Un communiqué publié cette semaine a annoncé la création de CSTAR, une société de projet…

5 hours ago

Tackling Bamenda’s Waste Crisis: The Work of Pinnacle Ventures

The ongoing conflict and neglect in the city of Bamenda, North West Region of Cameroon,…

19 hours ago