Cement News tagged under: Kenya
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... |
Kenya: Bamburi Cement sees 50% profit hike in 201517 March 2016, Published under Cement NewsBamburi Cement’s profit jumped 50.4 per cent YoY to KES5.8bn (US$748m) in 2015 as both domestic and overseas sales saw growth. Operating expenses increased 29 per cent YoY to KES5.2bn. The profit was achieved despite a slowing Kenyan economy in 4Q15, according to Bruno Pescheux, group MD. The 2015 market conditions were more favourable compared to 2014, with stable micro-economic conditions for most of the year in both the domestic and regional markets,” he said. The company saw its operati... |
AllScan PGNA Analyser orders in India and Kenya16 March 2016, Published under Cement NewsRealTime Instruments (RTI) has installed its AllScan PGNA Analyser for a greenfield plant project being undertaken by FLSmidth for Emami Cement in India. The installation took place in just 1.5 days, RTI highlighted in a statement yesterday. Over the last few months the Australia-based online analysis specialist has booked another three AllScan orders for cement projects. Two analysers (one for a stockpile application and one for a raw mill application) have been selected by National Cement... |
Bamburi Cement full-year pretax profit rises 46%11 March 2016, Published under Cement NewsKenya's Bamburi Cement posted a 46 per cent rise in full-year pretax profit to KES8.46bn (US$83.51m), helped by increased sales and investment income and foreign exchange gains. The LafargeHolcim group company said turnover rose by nine per cent to KES39.2bn. Bamburi said it made a foreign exchange gain of KES104m from a loss of KES170m in 2014, while investment income rose to KES374m from KES349m. "Turnover increased ... driven by increased demand in the key domestic markets in Kenya an... |