Cement News tagged under: Kenya
Kenya: West Pokot plant construction poised for 2016 start25 September 2015, Published under Cement NewsConstruction work on a long-awaited cement plant in West Pokot County, Kenya, is due to commence early next year, company officials have confirmed. Cemtech Ltd, a subsidiary of India's Sanghi Group of companies, will begin construction work for the KES12bn following approval by engineers who had earlier raised queries over its site, among other issues. The company acquired 650 hectares of land for the 1.2Mta plant about six years ago. Diptish Nandha, general manager of Cemtech, affirme... |
ARM expects new clinker line to boost margins14 September 2015, Published under Cement NewsKenya's ARM Cement expects profitability to improve now it produces its own clinker for its east African cement plants, its managing director told Reuters on Friday. The company posted a pretax loss of KES473.5m (US$4.5m) in the first six months, which the firm blamed on unrealised foreign exchange losses associated with borrowing for its new clinker plant. Managing director Pradeep Paunrana told Reuters that the new 1.2Mta clinker plant, which began production in April, was operating at a... |
EAPCC appoints new chief operating officer28 August 2015, Published under Cement NewsKenya-based East African Portland Cement Co (EAPCC) has appointed Albert Sigei as chief operating officer, effective 24 August 2015. Sigei will be responsible for production operation, production engineering, supply chain management, sales and marketing. He joins EAPCC from Lafarge, Nigeria, where he was vice-president of business support and ready-mix operations. EAPCC has recently undertaken an investment project at its cement plant in Athi River, Kenya, centred on improvements to the cl... |
Bamburi first-half pretax profit jumps 94%28 August 2015, Published under Cement NewsBamburi Cement reported a 94 per cent jump in first-half pretax profit from a year earlier to KES4.5bn (US$43m). According to Reuters, the company attributed the strong performance to growth in demand in its two main markets, Uganda and Kenya, cost cutting and gains in its dollar-based liquid assets due to a steep weakening of the Ugandan and Kenyan currencies. Turnover grew to KES19.3bn from KES17.3bn a year earlier on the back of infrastructure investments. Exports to other African marke... |
Kenya: ARM Cement to recover from US$4.6m 1H15 loss31 July 2015, Published under Cement NewsKenya's ARM Cement stooped to a first-half pretax loss of KES473.52m (US$4.6m), the firm said on Thursday, but said it expected to improve its performance in the 2H15. "In spite of the recent currency depreciation and increase in interest rates, the fundamentals for continued economic and construction sector growth remain strong," the firm said. "The company expects to significantly improve performance in the second half of the year through cost efficiencies arising from self-sufficiency i... |
ARM Cement ratings affirmed, Kenya09 June 2015, Published under Cement NewsGlobal Credit Ratings has today affirmed the national scale ratings assigned to Kenyan cement producer ARM Cement Ltd of A(KE) and A1(KE) in the long term and short term respectively, with the outlook accorded as Stable. Summary rating rationale Global Credit Ratings (GCR) has accorded the above credit rating(s) to ARM Cement (ARM) based on the following key criteria: ARM is becoming an increasingly important player in the East African cement industry, with its market share having grown... |
Kenya cement prices seen rising on weak shilling09 June 2015, Published under Cement NewsCement prices in Kenya are likely to rise due to a weak shilling which manufacturers say has increased spending on imported equipment and inputs, local press report. Cliinker, coal and spare parts are the most affected due to high importation costs in the past two months. "In May alone we lost KES160m in foreign exchange loss during the purchase of equipment and inputs. We might adjust prices in June because we are losing a lot," National Cement managing director Narendra Raval told ... |
Savannah welcomes new presidential directive04 June 2015, Published under Cement NewsKenya's Savannah Cement has welcomed a presidential directive, seeking to ensure that public institutions source 40 per cent of their requirements from local manufacturers, saying that the move has the "capacity to accelerate the growth of local industries." Issued as part of President Uhuru Kenyatta's 52nd Madaraka Day national address, the directive is geared towards fostering a buy 'Kenya build Kenya' culture by all public sector institutions. President Kenyatta of Kenya said the govern... |
Double-digit growth in Kenyan demand and output28 April 2015, Published under Cement NewsKenya’s National Bureau of Statistics Data shows cement production stood at 5.88Mt in 2014, up 16.27 per cent from the 5.05Mt recorded a year earlier. Cement consumption in 2014 stood at 5.19Mt from 4.26Mt in 2013, rising by 22 per cent YoY. East African Portland Cement Co managing director, Kephar Tande, said the growth in demand of cement will continue due to the ongoing infrastructural projects. “Infrastructural projects have played a big part in the growth in demand of cement and will c... |
Bamburi upbeat on outlook14 April 2015, Published under Cement NewsKenya-based Bamburi Cement’s operating growth increased by 5.8 per cent last year to KES5.5bn (US$60m) and is upbeat on the outlook for both local and export sales. “We are very optimistic about market growth prospects in both our domestic and inland Africa export markets and are well positioned to benefit from them,” Bruno Pescheux, group managing director, told East African Business Week. “At the same time, a number of large infrastructure projects have been or are being launched in bo... |