Cement News tagged under: Kenya
Kenya's Savannah Cement plans KES5bn grinding plant in major expansion plan15 July 2019, Published under Cement NewsSavannah Cement is currently undertaken a KES5bn expansion of its grinding plant at Kitengela, Kenya, according to the company’s MD, Ronald Ndegwa. The project sees the construction of a 1.2Mta grinding unit, which will double the company’s current installed capacity. Central to the plant will be an energy-efficient vertical grinding mill, supplied by FLSmidth. The new facility is expected to be commissioned by the end of the year. “At Savannah Cement, we are banking on the regional ma... |
Kenya reports decline in cement exports03 July 2019, Published under Cement NewsKenya has reportedly seen 9017t of cement exports in the first quarter of 2019, which represents a value of KES11m (US$106,940). This is a significant decline when compared to the 1Q17, which saw export volumes of 98,824t at a value of KES877m, according to the Kenya National Bureau of Statistics. |
Mombasa Cement orders mill from Gebr Pfeiffer02 July 2019, Published under Cement NewsKenya’s Mombasa Cement has awarded Gebr Pfeiffer with a contract for an MVR 3750 C-4 mill for its second kiln line project, which is currently under construction at Vipingo, Kenya. The unit has a drive power of 2900kW and will be able to produce 150tph of OPC. The MVR 3750 C-4 mill in Tororo, Uganda, which has an identical design to the new mill Mombasa Cement already operates two cement mills from the Germany-based grinding specialist. In January 2016 the producer signed a c... |
Kenya’s cement conundrum03 June 2019, Published under Cement NewsWhile recent times have seen the Kenya cement industry expand and new players arrive, the sector now faces a conundrum. While economic and construction forecasts indicate sound cement demand going forward, cement overcapacity has led to price pressures that show no sign of abating and which are affecting the bottom line of market players. A wave of industry consolidation in the short- to medium term cannot be ruled out. By Lisa Kimathi, Standard Investment Bank, Kenya. Despite forecas... |
EAPCC appoints Stephen Kyalo Nthei as acting MD28 May 2019, Published under Cement NewsEast African Portland Cement Co (EAPCC) has appointed Stephen Kyalo Nthei as acting managing director with effect from 20 May 2019. Mr Nthei, a Certified Public Accountant, joined the company in April 2007 and has served in various roles, including as Head of Internal Audit and Head of Financial Management. He now faces the challenge of improving the performance of the cash-strapped cement producer. EAPCC has a KES10.8bn (US$106.7m) debt and posted a KES1.26bn loss for the half-year to D... |
ARM Cement's Kenyan assets sold to National Cement22 May 2019, Published under Cement NewsThe Kenyan assets of ARM Cement have been sold to National Cement Co for US$50m, according to a statement by its administrators. The transaction is subject to regulatory approvals. The company was placed under administration last year by some of its creditors over what has been reported to be a US$190m debt. The news follows PriceWaterhouseCoopers starting preparations to dispose of ARM’s stake in South Africa’s Mafikeng Cement for KES300m (US$2.974m) in early April. |
ARM Cement expected to sell shares in Mafikeng Cement10 April 2019, Published under Cement NewsARM Cement is expected to sell its 70 per cent stake in South African subsidiary Mafikeng Cement (Pty) Ltd. PriceWaterhouseCoopers, which is administering ARM Cement, has started preparations to dispose of the stake in Mafikeng Cement for KES300m (US$2.974m). The Mafikeng plant was to be established with a cement capacity of 1Mta and ARM Cement invested KES75m in the company to buy a controlling stake in 2010. The project includes mining rights to limestone reserves in the northwest of Sout... |
Simba Cement plans construction of new plant04 April 2019, Published under Cement NewsAfter receiving approval to acquire Cemtech Ltd , Tanzania’s Simba Cement has announced plans to construct the Ortum Cement project that Cemtech had struggled to get off the ground. The project in West Pokot County, Kenya, was due to start in 2010. However, due to the recent developments, work is now expected to begin within a year. Construction is scheduled to take 18 months to complete. Simba Cement is currently seeking an audience with the residents of Sebi, where the plant will be b... |
Simba Cement set to acquire Kenyan cement company22 March 2019, Published under Cement NewsSimba Cement, a subsidiary of Devki Group, has received approval from the Competition Authority of Kenya for the 100 per cent acquisition of West Pokot-based Cemtech Ltd, according to Business Daily Africa. "We are still negotiating with Cemtech and we hope to close the deal soon. We are eager to venture into West Pokot to change its perception and the lives of its people for the better," said Narendra Raval, founder and chairman of Devki Group. The merged entity is expected to have a ... |
East African Portland Cement lose Athi River land decision15 March 2019, Published under Cement NewsEast African Portland Cement (EAPC) has lost to a government decision on ownership of a plot of land in Athi River, Kenya. State-owned Kenya Railways plan to construct a container terminus on the land, despite EAPC and local residents, known as the Aimi Ma Lukenya Society, having also claimed to own the disputed land. Speaking at Kibini hill in Kajiado East last week, Trade Cabinet Secretary Peter Munya confirmed that there is a deal for the land to be sold to Kenya Railways. "We have ... |