Cement News tagged under: Kenya
Dangote exports Ethiopian cement to Kenya31 August 2016, Published under Cement NewsKenya's cement market is now being supplied with cement from a new source as Dangote has started exports from its 2.5Mta Ethiopian plant to the east African country. Industry sources said the majority of the exports are destined for road construction projects in the north of Kenya. The step is expected to drive down prices in a market that has seen virtually no price changes in the past decade. Dangote said that the cement exported to Kenya is priced at around KES7400 (US$74)/t or up ... |
Kenya: Bamburi reports KES4.27bn profit26 August 2016, Published under Cement NewsFor the 1H16 Bamburi Cement Ltd reported a pre-tax profit of KES4.27bn (US$42.12m), compared to KES4.5bn achieved in 1H15. Turnover for the six months stood at KES19.11bn (US$188.5m) versus KES19.32bn for the same period last year. |
Kenya: dispute over stalled cement plant22 August 2016, Published under Cement NewsLocal politicians in Kenya’s West Pokot county have clashed over delays which have seen the construction of a proposed cement plant make little progress for years, the Daily Nation reports. Despite being announced a decade ago, building has yet to begin and local politicians appear split over whether to invite in new investors. The originators of the project, India’s Sanghi Group, retain the support of the local governor, while the county’s senator, John Lonyangapuo, has approached Desk G... |
Kenya: LafargeHolcim accused of conflicting priorities over EAPCC holdings08 July 2016, Published under Cement NewsThe outgoing chief executive of the East Africa Portland Cement Company (EAPCC), Kephar Tande, has told Kenya’s Standard newspaper that LafargeHolcim should either divest itself of its holdings in the firm or take it over completely. Kephar Tande, who steps down in November, said that LafargeHolcim’s 41.7 per cent stake in EAPCC makes the multinational firm his largest shareholder. However, LafargeHolcim also holds a 58.9 per cent stake in Bamburi Cement, Kenya’s biggest producer. Mr T... |
Indonesia: Semen Indonesia looks to international markets21 June 2016, Published under Cement NewsAmid prospects of disappointing revenue growth in the domestic market, Semen Indonesia is looking offshore to expand its sales figures. Newly appointed head of PT Semen Indonesia, Rizkan Chandra has said that he wants to raise the company’s sales outside of Indonesia from 5.2 per cent of revenue in 2015 to 10-15 per cent over the next three years. In an interview Mr Chandra said operations may expand into Bangladesh, Sri Lanka and the Maldives, with operations already present in Vietnam. ... |
Iran: exporters look to Africa for new markets15 June 2016, Published under Cement NewsIranian cement producers are looking further afield as the impact of Iraq’s ban on imports shuts them out of their main export market, the Financial Tribune reports. The lifting of sanctions on Iran earlier this year has expanded the list of potential destinations for cement exports. In May, the Iraqi parliament approved legislation banning cement imports in a move designed to protect domestic producers. Iran has hitherto been a major supply to its neighbour: 48 per cent of Iranian export... |
Kenya: Savannah Cement, Kenyatta University collaboration10 June 2016, Published under Cement NewsKenyan cement producer Savannah Cement has signed an agreement with Kenyatta University to collaborate in areas such as innovation, student internships, joint research activities and capacity building. Managing Director of Savannah Cement, Ronald Ndegwa, said the company will provide the necessary support to accelerate Kenyatta University's academic and infrastructure development projects. "With the signing of this partnership with Kenyatta University, Savannah Cement is effectively exten... |
Kenya: Vipingo facility to make Mombassa Cement more competitive12 April 2016, Published under Cement NewsAfrican cement companies are eyeing the market created by a construction boom in east Africa and other countries in the larger region, according to All Africa news service. At the top of the companies looking to grab a share of an increasing market is Kenya's Mombasa Cement Ltd, which plans to invest KES7.3bn (US$73m) to expand the factory's production capacity. The new clinker and cement unit is expected to ease pressure on prices, which dropped to US$7/50kg bag from US$8 in 2014. The ... |
Kenya: Savannah Cement's Athi River plant upgrades11 April 2016, Published under Cement NewsSavannah Cement has announced the completion of work to upgrade its 1.5Mta Athi River plant with the addition of a new roller press grinding mill. Kenya's Capital FM quotes Managing Director, Ronald Ndegwa, as saying: “At Savannah Cement, we are excited at the timely and successful completion of the scheduled upgrade which has given our production plant enhanced reliability. “We wish to thank our customers for their support and recognise the role played by our local staff as core memb... |
Kenya: ARM nears final talks with foreign investor30 March 2016, Published under Cement NewsKenya's ARM Cement Ltd expects to conclude talks on a foreign investor taking a US$140m stake in the company by 15 April. The investment is expected to be concluded by June, the Nairobi-based company said in a statement by the city’s stock exchange on Tuesday. ARM first announced talks about the potential investor in December, when it said it was seeking a US$125m cash injection. “The board and management of the company believe that the investment would, if made, strengthen the financial p... |