Cement News tagged under: Kenya
Kenya: cement consumption falls 5.3% in 3Q1604 January 2017, Published under Cement NewsThe growth in cement consumption fell by 5.3 per cent in the third quarter of 2016 compared to 3Q15, according to a report from the Kenya National Bureau of Statistics (KNBS). The KNBS data shows that the domestic market consumed 1.52Mt of cement in the three months to September 2016, compared to 1.45Mt in the same period in 3Q15 and 1.3Mt in 3Q14. The decline in cement demand was in line with a general slowdown in the construction sector. Lower demand from major infrastructure p... |
CBMI awarded two LafargeHolcim contracts15 December 2016, Published under Cement NewsCBMI has signed two contracts with LafargeHolcim for the supply of 1Mta and 0.8Mta grinding facilities in Kenya (Nairobi) and Uganda (Tororo), respectively. The projects will be managed by LafargeHolcim subsidiaries in the respective countries, Bamburi Cement Co (Kenya) and Hima Cement Ltd (Uganda). The scope of supply will cover clinker feeding to cement packing to shipping. The contract period for both projects is 17.5 months for completion of industrial tests and 19 months to reach ... |
Kenya: Savannah Cement 2500tpm supply deal15 December 2016, Published under Cement NewsSavannah Cement claims to be supplying 2500t of cement each month to the Outer Ring Road expansion project. The KES16bn (US$157m) road project is being financed by the African Development Bank and the Kenyan government and is scheduled for completion in September 2017. Meanwhile, the cement manufacturer has plans to install a second grinding unit at its Kitengela complex to boost production capacity. With the installation of the unit nest year, Savannah Cement expects to double its produc... |
Kenya: locals request priority in EAPCC land sale14 December 2016, Published under Cement NewsEast Africa Portland Cement Co (EAPCC) has proposed the disposal of parcels of land and residents in some of the areas have requested priority in the sale. On 17 November 2016, Athi River-based company EAPCC announced plans to sell parcels of its land in an attempt to raise approximately KES8bn (US$78.3m). The company has suggested the proceeds could go towards retiring KES5bn of debt. As the state controls 52.3 per cent of the company (25.3 per cent directly by the Ministry of Industr... |
Kenya: Dangote seeks limestone on east coast30 November 2016, Published under Cement NewsDangote Group has expressed interest in prospecting for limestone in Malindi, 120km northeast of Mombasa. The group plans to explore limestone deposits in Kwachocha, Kijiwetanga Kizingo, Mbaraka Chembe and Mayungu, said Dan Kazungu, Mining Cabinet Secretary. Mr Kazungu announced that the ministry is processing a licence to allow the exploration works. The ministry will set up a regional mining office in Malindi town to serve Kilifi, Tana River and Lamu. Dangote’s entry into the Kenyan ... |
Kenya: Savannah Cement to raise capacity to 2.4Mta18 November 2016, Published under Cement NewsSavannah Cement has unveiled plans to increase its Athi River plant to 2.4Mta, almost doubling its current 1.5Mta capacity, Business Daily Africa reports. The firm says it expects the new capacity to come online by mid-2018, with the tendering process to begin in early 2017 as soon as regulatory clearance is received. The project will see the creation of a new grinding and packaging plant. Kenyan cement consumption has risen rapidly in recent years and the country’s producers have resp... |
Kenya: East African Portland Cement to lay off two-thirds of workforce18 November 2016, Published under Cement NewsIn a restructuring plan unveiled this week, East African Portland Cement (EAPC) has said it will lay off more than 1000 of its more than 1500 workers, reducing the firm’s headcount to just 500, the Daily Nation reports. “We are overly overstaffed with our employee numbers at over 1500 and close to 2000. By benchmarking with the rest of the industry we need only 500,” said Bill Lay, EAPC’s chairman. The company, which made an operational loss of KES1.6bn (US$15.7m) in the last financial... |
Kenya: Bamburi Cement and Geocycle form partnership16 November 2016, Published under Cement NewsBamburi Cement (LafargeHolcim Group) and a global waste management firm have signed an agreement for alternative fuels. Geocycle will help Bamburi Cement that will see the firm's Kenyan subsidiary Geocycle Kenya incinerate waste in Bamburi's kilns. Bamburi Chief Executive Officer, Bruno Pescheux, described the partnership as timely considering that Geocycle's waste management solution leaves no residue after disposal. This also makes Geocycle Kenya the only waste managing firm in the co... |
Kenya: EAPCC profits down 42%14 November 2016, Published under Cement NewsEast African Portland Cement Company (EAPCC) reported a 42 per cent drop in full-year net profit as a result of increased operating costs. Financial statements recently published show the company’s net profit fell from KES7.15bn (US$70.3m) in the 12 months ending June 2015 to KES4.14bn in the year ended June 2016. This drop in net profit has been largely attributed to an increase in operational losses, which climbed to KES1.58bn from KES557.5m. The company issued a profit warning in Fe... |
Kenya: East Africa Portland Cement sees 2015 profits fall 42%11 November 2016, Published under Cement NewsEast Africa Portland Cement Company (EAPCC) has announced that its profits for the financial year ending in June 2016 were KES4.2bn (US$41m), having fallen by 42.1 per cent in comparison to the previous year. According to reports in the Nation newspaper, EAPCC’s revenues rose by 5.4 per cent to KES8.9bn, but higher expenses – including financing costs that were up by 67.3 per cent – and increased cost of sales wiped out those gains. The Nation reports that EAPCC has recommended against... |