The West African cement industry is experiencing significant shifts as new players enter the market, challenging established leaders like Nigeria’s Dangote Cement. One notable development is the expansion of Cim Métal Group, a Burkinabe company, into neighboring countries. In April 2021, Cim Métal inaugurated a 2.5 million tonnes per annum (mtpa) cement plant in Lomé, Togo, marking its entry into the Togolese market. This move positions Cim Métal as a competitor to Dangote Cement, which has a strong presence in the region.
Cim Métal’s expansion strategy includes leveraging synergies between its operations in Burkina Faso, Côte d’Ivoire, and Togo to enhance profitability. The company has invested over 200 billion CFA francs in these regions, aiming to become a leading player in the West African cement industry. This expansion not only intensifies competition but also contributes to meeting the growing demand for building materials in the region.
In addition to regional expansions, international companies are also reshaping the competitive landscape. In December 2024, China’s Huaxin Cement agreed to acquire an 83.8% stake in Lafarge Africa from Holcim AG for $1 billion. This acquisition positions Huaxin Cement as a significant competitor to both Dangote and BUA Cement, further diversifying the market and potentially influencing pricing and production strategies.
These developments underscore a dynamic and increasingly competitive cement industry in West Africa, with new entrants and international acquisitions challenging the dominance of established players like Dangote Cement. As these companies expand and invest in the region, consumers may benefit from improved product offerings and competitive pricing.
