Cement News tagged under: Kenya
Kenyan cement factories cut production back to 4.2Mt12 October 2017, Published under Cement NewsCement plants in Kenya have reduced production by seven per cent to 4.2Mt in the year to August, down from 4.5Mt. The cutbacks came amid decreases in cement consumption, data from Kenya National Bureau of Statistics (KNBS) shows. The deepest cut was experienced in August when Kenya held its general election, underlining the effects of election fever on the economy. The reduction came in response to a cooling demand after consumption dropped 6.4 per cent to 2.9Mt in the first half of... |
Bamburi Cement appoints new interim CEO06 October 2017, Published under Cement NewsBamburi Cement of Kenya has appointed chief financial officer Eric Kironde as its interim CEO following the departure of Bruno Pescheux. Pescheux stepped down from the role at the end of last month after a three-year stint in charge of Bamburi, opting to retire according to Chairman John Simba. "We would like to recognise the contribution of Bruno Pescheux and thank him for his leadership. We wish him a long and happy retirement," he said. The company will now look to Eric Kironde to ma... |
LafargeHolcim11 September 2017, Published under Cement NewsLafargeHolcim’s subsidiary Lafarge Malaysia has reported a first-half turnover decline of 18 per cent to MYR1090m (EUR214m/US$259.7m) and there was a net loss of MYR92.02m (EUR18.27m) compared with a MYR39.01m profit at this stage last year. According to the company, the deterioration in the result reflects a lower revenue contribution from the cement segment, higher charges for depreciation, fuel and electricity LafargeHolcim’s subsidiary Bamburi Cement in Kenya has announced a 1H turnov... |
Ndeta set to gain controlling stake in Savannah Cement06 September 2017, Published under Cement NewsBusinessman Benson Ndeta is set to take controlling stake of Kenya-based Savannah Cement after he gained regulatory approval for a deal that would increase his interest in the company by 29.4 per cent. In a press release, the Competition Authority of Kenya said it had granted Mr Ndeta’s acquisition of Savannah Cement unconditional approval, according to local press reports. Savannah Cement currently has two shareholders — Seruji with a 60 per cent stake and Savannah Heights with a 40 per ... |
ARM suffers heavy half-year losses04 September 2017, Published under Cement NewsKenya's ARM Cement Ltd announced a half-year 428.53 per cent increase in losses to KES1.41bn (US$13.5m) from KES266.78m during the same period last year. The firm's revenue for the six-month period declined by 19.79 per cent to KES5.35bn compared to KES6.67bn last year. In May the firm, whose shares trade on the Nairobi Securities Exchange, cited strained cash flow as well as increased competition and lower selling prices as key factors contributing to the company's poor performance. ... |
Bamburi posts decline in half-year profit29 August 2017, Published under Cement NewsBamburi Cement posted a 36 per cent decline in its half-year net profit to KES1.8bn (US$17.4m) compared to a KES2.8bn recorded in the first six months of 2016. Turnover stood at KES17.5bn which is KES1.6bn behind prior year while operating profit reduced from KES4.1bn to KES2.7bn. Management attributed the decline to a difficult business environment in Kenya characterised by a contracting market, low private sector investment resulting in a slump in construction activity, especially in ... |
East African Portland Cement appoints head of HR17 August 2017, Published under Cement NewsEast African Portland Cement Company (EAPCC) has appointed Janerose Karanja as its head of Human Resources. Ms Karanja joins the company from the parent Ministry of Industry, Trade and Co-operatives as the cement firm embarks on organisational changes for its turnaround strategy. Ms Karanja is a human resource expert with more than 25 years' working experience, 12 in various State agencies including the departments for Industry and Energy. She holds an MBA (Human Resource Management) from... |
Kenyan consumption contracts in 5M1715 August 2017, Published under Cement NewsCement demand in Kenya over the Jan-May 2017 period fell to 2.5Mt compared to 2.5Mt a year earlier, according to the latest data from the Kenya National Bureau of Statistics (KNBS). Manufacturers also cut back on production in the first half of the year, from 3.31Mt to 3.18Mt. NIC Securities attributes the decline to a slowdown in private sector credit growth following discussions with management of cement firms. |
Samson receives order for four Eco Hoppers from the Port of Mombasa25 July 2017, Published under Cement NewsSamson Materials Handling Ltd has received an order from TradeMark East Africa for four Eco Hoppers to be installed at the Port of Mombasa in Kenya. As they will be employed to import coal as well as clinker and gypsum, the Eco Hoppers will include ATEX-compliant explosion protection, the first such installation of its kind. Samson Eco Hoper Key to the operation is the management of air quality and fugitive dust. The ambient air contains considerable levels of dust and is char... |
EAPCC announces 10% price cut20 July 2017, Published under Cement NewsEast African Portland Cement Co (EAPCC) has announced a 10 per cent reduction on the ex-factory price of its Blue Triangle Cement. The Kenyan cement producer attributed the price cut to improved processes following the implementation of a strategic turnaround plan it embarked on last year, according to a report in The Star national newspaper. “Over the last 10 months, we have been re-engineering our processes from production to distribution, sales and marketing,” EAPCC Managing Director... |