Cement News tagged under: Kenya
Seruji Ltd acquires 60% stake in Savannah Cement30 March 2015, Published under Cement NewsThe Competition Authority of Kenya has approved the proposed acquisition of 60 per cent of the shareholding of Savannah Cement Ltd by Seruji Ltd, according to a Gazette notice dated 27 March 2015. Seruji Ltd spokesperson, Alfred Ng’ang’a, said the company has acquired the stake previously held by the pioneer Chinese investors of Savannah Cement . “Seruji Ltd has made a 60 per cent acquisition of the shares previously held by Savannah Cement’s international investors, for a publicly undiscl... |
ARM posts flat full-year pretax profit26 March 2015, Published under Cement NewsKenya's ARM Cement posted a pretax profit of KES2.02bn (US$22m) for 2014, up one per cent YoY. The cement maker, which also has operations in Tanzania, said its revenue for the period fell three per cent to KES13.74bn, mainly because there was no additional capacity expansion during the period, the firm said. In a statement, the firm predicted that this year would be better, with growth in turnover and profit. "The cement markets continue to grow at double digits with significant demand f... |
Bamburi Cement pretax profit grows by 5.5%06 March 2015, Published under Cement NewsBamburi Cement of Kenya yesterday announced a 5.5 per cent increase in pretax profit from KES5.5bn (US$1.8bn) to KES5.8bn in its full-year results for 2014. Group’s turnover increased by six per cent from KES34bn in 2013 to KES36bn mainly as a result of improved market conditions in Uganda, which is expected to continue into 2015. Commenting on the company’s results, the board stated: “We have made good progress by ratcheting up sales locally and within the region. In addition to improvi... |
East African Portland Cement posts pretax loss03 March 2015, Published under Cement NewsEast African Portland Cement Co (EAPCC) posted a first-half loss after a maintenance shutdown of its packing and clinker units. The company reported a pretax loss of KES124m (US$1.36m) for the six months to end of December, against a profit of KES171m in the same period in 2013. The firm, which also operates in Uganda, said it hopes to regain its market share in the industry after completing a plant refurbishment in the second quarter of this financial year. "Despite the growing competiti... |
Kenya: Pokot's power plant plans18 February 2015, Published under Cement NewsPokot Cement plans to construct a power plant to supply its upcoming cement works in Kenya as well as the national grid. Of the 64MW capacity, 50MW will be sold to the national grid, according to a report by 'The Star' (Kenya). "The power generated will enable us to operate effectively and minimise our costs of operations apart from supplying more electricity to the national power grid," Rajesh Rawal, chief executive of plant owner Cemtech told the daily. Cemtech, a subsidiary of India-... |
Kenya: Savannah Cement selects database management system15 January 2015, Published under Cement NewsKenya’s Savannah Cement Ltd has selected the SAP® ERP application powered by SAP HANA® to improve its operational reporting, real time planning and forecasting. Savannah Cement is one of the newest entrants into the cement market in Kenya, with a 1.5Mta cement plant strategically located near the capital Nairobi. "SAP HANA has changed our view of database management and greatly simplified tasks, giving our business a cutting-edge advantage and incomparable agility," said Brian Wamwenje, ... |
Kenya: Savannah Cement to build second grinding plant02 January 2015, Published under Cement NewsSavannah Cement has announced plans to invest more than US$198.3m for the construction of its second milling plant near Kitengela town in Kajiado County. The high efficiency milling plant will feature a roller press mill, which allows for environmentally efficient cement production. Savannah Cement managing director Ronald Ndegwa said that the ground breaking plans for a clinker manufacturing plant are also well underway. “Once the two plants are installed, Savannah Cement will take pole p... |
Savannah Cement confirms KES18bn investment in grinding unit24 December 2014, Published under Cement NewsKenya’s Savannah Cement confirmed plans to invest more than KES18bn (US$199m) in its second high-efficiency milling unit to meet the growing demand in the Kenyan market. The new grinding plant will be installed at the company’s Kitengela site and is part of the company’s strategy to operate a fully-integrated cement business. Savannah Cement’s MD, Ronald Ndegwa, also said that plans for its clinker manufacturing are in an advanced stage and the project would see its groundbreaking in the ... |
Kenya: new appointments at EAPCC23 December 2014, Published under Cement NewsFormer Capital Markets Authority (CMA) chairman, Kung’ Gatabaki, has joined the East African Portland Cement (EAPCC) board as one of two new directors nominated by the global conglomerate Lafarge, stepping into the shoes of former Kenya Airways CEO, Titus Naikuni, who held the position for eight years. Prof Sarone ole Sena, the chairman of the Eldoret University Council, has also joined the EAPCC board. The two new directors were appointed in a special board meeting. Mr Gatabaki, who serve... |
ARM secures loan to finance expansion10 December 2014, Published under Cement NewsARM Cement has secured a KES4.5bn (US$50m) loan from CFC Stanbic Bank to finance its expansion plans. “The credit adds to our existing facilities and will be used in current and new projects,” said ARM’s chief executive Pradeep Paunrana told Business Daily in an interview on Tuesday. ARM Cement opened its new 1.2Mta clinker plant in Maweni, Tanga, in November 2014, involving an investment of US$150m. It expects to complete a grinding plant in the same location next year. ARM will als... |