Cement News tagged under: Kenya
Bamburi Cement receives acquisition deal11 July 2024, Published under Cement NewsAmsons Group, Tanzania's leading manufacturing and energy giant, has offered to acquire a 100 per cent share in Bamburi Cement of Kenya in a proposed US$180m deal. The offer has been made by the Amsons Industries (k) Ltd subsidiary to buy the shares at KES65 (US$0.51)/share. The cash offer represents a 42.39 per cent premium share price as of the closing of NSE trade in 9 July 2024. Bamburi Cement is currently majority owned by Holcim (58 per cent) and listed on the Nairobi Secur... |
Kenyan cement demand drops 13% in 4M2408 July 2024, Published under Cement NewsCement consumption in Kenya fell 12.7 per cent YoY to 1,949,900t in the 4M24 from 2,234,200t in the 4M23, according to the Kenya National Bureau of Statistics (KNBS). The drop in cement consumption raises significant concerns about construction activity.“During the quarter under review, the construction sector registered a decelerated growth of 0.1 per cent, down from the 3.0 per cent growth recorded in the first quarter of 2023,” said KNBS. In the first three months of 2023, construction g... |
Kenya's cabinet approves sales of its share in East African Portland Cement13 June 2024, Published under Cement NewsKenya's cabinet has approved a government proposal to offload the 25.3 per cent share it holds in Kenya-based cement manufacturer, East African Portland Cement Co . This comes as part of a wider plan by the Kenyan government to offload shares in a number of state-owned companies. In November, the country’s President, William Ruto, announced plans to privatise 35 state-controlled companies after enacting legislation in October guiding this process. However, this plan did run into issue... |
Improvement in construction and real estate underpins rise in Kenyan cement demand21 May 2024, Published under Cement NewsA steady advance in building and construction sector credit supported the expansion of the cement industry in the third quarter of 2023, according to the Kenya Bankers Association-Housing Price Index data. Cement production increased 7.2 per cent YoY to 2,541,763t from 2,370,246t in the 2Q23. In addition, improvement in credit to the real estate sector also underpinned market expansion with cement consumption increasing to 2,430,488t in the 3Q24. “Credit growth in the building and constru... |
Kenyan capacity to rise despite stagnant cement consumption10 May 2024, Published under Cement NewsKenya's cement sector is preparing for another cement capacity rise. Devki Group group's Cemtech Ltd subsidiary has submitted the environmental impact assessment report for a new clinker plant to the National Environment Management Authority (NEMA) for review. The project is the latest in a series of new clinker additions to Kenya's market that should see imports come under pressure. Cemtech Ltd's proposed plant will be situated in Mwatsuma, Mwingi Central Kitui County. The total size and ... |
EAPC recommissions Athi River plant06 May 2024, Published under Cement NewsEast African Portland Cement (EAPC) has recommissioned its Athi River plant in Kenya, boosting the company’s cement production capacity by 1Mta over the next two years, reports The Star. The plant has been closed for a month for renovations and maintenance. It also underwent the installation of a new kiln shell in 2022, resulting in a 38 per cent expansion in revenue. This latest closure and recommissioning forms part of EAPC’s plans to increase efficiency and production, enabling the co... |
National Cement secures finance facility12 April 2024, Published under Cement NewsKenya’s National Cement has secured a KES4.3bn (US$33.1m) facility from Stanbic Bank Kenya to finance a debt undertaken to construct a new clinker plant in West Pokot , reports The Star. According to the bank, the facility is designed to partially refinance National Cement’s foreign currency liabilities resulting from its recent expansion activities. “This transaction underscores our commitment to fostering innovation and supporting the expansion efforts of leading corporates in Kenya... |
West Pokot clinker plant finally launched09 April 2024, Published under Cement NewsThe much delayed KES45bn (US$346.6m) Devki Group West Pokot clinker plant was finally launched on Monday by Kenya's President William Ruth. The new plant will process up to 6000tpd of clinker or 2Mta, with clinker deliveries sent to finish grinding at Simba Cement’s Eldoret grinding plant, which is currently under construction. The West Pocket plant originally started construction in 2010 by former Prime Minister Rails Odoinga. Devki Group ’s Simba Cement, trading as National Cement ... |
East African Portland Cement begins second phase of Athi River upgrade01 April 2024, Published under Cement NewsEast African Portland Cement (EAPC) has commenced the second phase of its upgrading programme at its Athi River plant. The programme, which will involve a 25-day maintenance shutdown, is designed to boost cement production capacity at the facility to 1Mta in the next two years. “Our machines have run for many years with upgrades in between and lack of maintenance, which has depreciated our capacity. For now we are doing the second phase of our machine upgrades and this is targeting t... |
Bamburi Cement to cease producing OPC13 December 2023, Published under Cement NewsBamburi Cement ( Tororo Cement ) will cease production of ordinary Portland cement (OPC) within its product line from 1 January 2024, as part of the company’s commitment to decarbonise its operations and provide a greener option of building materials. This landmark commitment, which comes amid the ongoing 2023 United Nations Framework Convention on Climate Change (COP28) in the United Arab Emirates, will accelerate one of its 2030 sustainability targets to have 100 per cent green produc... |