Liberia Cement Corporation

The Liberia Cement Corporation, also known as Cemenco, is a major company in the economy of the Republic of Liberia. One of the oldest firms operating in the country in the early twenty-first century, it holds a monopoly on the sale of cement in the country. The firm's original factory was opened by President William V.S. Tubman in early January 1968. In the early 2010s, another firm announced its goal of entering the Liberian market, but by late 2012, no other companies were yet in the market. In response to this challenge, corporate officials announced in November 2012 their plans to erect a new manufacturing plant. Its previously existing facility is located on Bushrod Island in Monrovia, as is the site of the plant announced in November 2012; at that time, company bosses were planning to use a site formerly occupied by a manufacturing component of the defunct Mesurado Group of Companies. Historically, Cemenco has operated out of warehouses at the Freeport of Monrovia, but an ownership dispute over the warehouse property resulted in its conveyance to a Chinese firm in late 2012.