Company profile
Prometal S.A.
Prometal S.A. is a Cameroon-based steel and metallurgical manufacturer headquartered in Douala. Founded in 2010, Prometal processes semi-finished steel and recycled scrap into rebar and wire rod, wire products, roll-formed profiles, prefabricated metal structures, 6 kg and 12.5 kg domestic gas cylinders and agricultural tools for the construction, infrastructure, industrial and agricultural sectors. Production is concentrated in the Bassa industrial zone, where Prometal 4 (a rolling mill) and Prometal 5 (the Progaz gas-cylinder and Profab metal-structure units) were inaugurated in January 2024. Prometal states that its steel business, Prometal Acier, operates seven plants with annual capacity of about 360,000 tonnes of finished steel. The group also runs NOVIA Industries, a palm-oil refining and soap business launched in 2018 in Bonabéri, and announced the aluminium-processing subsidiary Proalu in August 2024.
- Sector
- Mining and natural resources / Construction & Materials, Metals & Mining
- Markets
- Cameroon
- Founded
- 2010
- Ownership
- Private
- Stage
- Large Enterprise
- Capital raised
- $45.5m
- Employees
- 500+
- Business model
- B2B Manufacturing
Products and services
Prometal Acier Steel Products, Progaz Gas Cylinders, Profab Metal Structures, Prometal Wire Products & Prometal Agricultural Tools
Transactions
| Date | Transaction | Type | Value | Market |
|---|---|---|---|---|
| 28 Sep 2026 | Afreximbank invests EUR 40 million in Prometal SA's operations in Cameroon | Private Credit | $45.5m | Cameroon |
Source: Partner Researchers.