Cement News tagged under: Kenya
Kenya: Bill Lay reappointed chairman of EAPCC08 December 2014, Published under Cement NewsPresident Uhuru Kenyatta has reappointed Bill Lay as chairman of East African Portland Cement Company (EAPCC) for a three-year term. The Head of State, through the latest gazette notice, extended the term of Mr Lay and backdated it to November 7 when it had lapsed. “In exercise of the powers conferred by section 6(1)(a) of the State Corporations Act, I, Uhuru Kenyatta... re-appoint William Lay to be the chairman and director of the East African Portland Cement Company Limited, for a period... |
Kenya’s ARM Cement defines further expansion plans24 November 2014, Published under Cement NewsARM Cement Ltd says it is investing in the construction of new plants and upgrading existing units across east Africa as competition in the region increases. The plan is to see several upgrade projects completed over the next two years, including a new grinding facility in Tanzania, boost production in Rwanda as well as constructing a greenfield plant in Kenya. The company, which has works in Kaloleni and Athi River in Kenya, as well as in Dar es Salaam and Tanga in Tanzania, will complete... |
Kenyan production climbs 15.2 per cent YoY14 November 2014, Published under Cement NewsCement production in Kenya rose by 15.2 per cent as consumption in the east African country surges, according to data from the National Bureau of Statistics. The country’s six cement manufacturers produced 4.24Mt in the period, up from 3.68Mt in the comparative period of the previous year. The surge in production has been partly attributed to increased capacity as the industry opened its doors to recent entrants, such as Savannah Cement, National Cement and Mombasa Cement. Consumpt... |
Kenya: EAPCC begins Athi River upgrade project11 November 2014, Published under Cement NewsEast African Portland Cement Company (EAPCC) has started the upgrade of its Athi River plant in Kenya as the company aims to improve reliability, increase production and enhance energy efficiency. Joseph Kombo, head of production at EAPPC said the upgrade is focussed on the kiln and packing section of the cement works. "In the packing plant, we are upgrading the mechanical and electrical components of the packers as well as improving the bag conveying system all geared towards improved... |
Kenya: National Cement to build 15MW power plant04 November 2014, Published under Cement NewsKenya’s National Cement, part of the Devki Group, plans to build a KES1.7bn (US$19m) coal-fired power plant to serve its clinker plant and limestone mining operation in Kajiado, Kenya. The power plant will produce 15MW of electricity and is being seen by the company as a more cost-effective alternative to the national grid. “The cost of procuring electricity from Kenya Power is twice as much when compared with the cost of generating power using coal,” according to National Cement's Environm... |
Kenya: EAPCC swings to full-year loss27 October 2014, Published under Cement NewsEast African Portland Cement posted a net loss of KES386m (US$4.32m) for the year ended June 30, due to price competition, high staff costs and the weakening shilling. The Kenyan cement producer posted a net profit of KES1.7bn a year earlier. The company said its administrative costs had gone up by KES700m following a restructuring of its management, staff compensation and an increase in staff gratuity, Reuters reported. |
Kenya: Savannah Cement to widen its east African sales21 October 2014, Published under Cement NewsSavannah Cement has confirmed plans to develop its business to the wider east African market as part of its regional integration support. The project will see the company pursue sales opportunities in all the east African countries by next year, the firm’s Managing Director, Ronald Ndegwa, has said. “Savannah Cement’s overall corporate development is anchored on a regional market coverage strategy and we are glad that we have made good inroads in the respective east African markets,” Mr... |
Savannah lines up new capacity investments14 October 2014, Published under Cement NewsSavannah Cement, one of Kenya's newest market entrants, is set to build two new plants as it nears exhaustion of its current capacity, managing director, Ronald Ndegwa, said. The company has previously said it is to invest around US$250m for a clinker plant at its Athi River factory to reduce reliance on imported clinker. The 1.5Mta clinker facility will complement the existing 1.5Mta grinding unit. Mr Ndegwa said the company will also invest in a second mill to support existing operations... |
Kenya National Cement Co to expand with IFC finance11 August 2014, Published under Cement NewsThe IFC is providing up to US$70m to Kenya's National Cement Company Ltd (KNCC) to expand the cement producer's operations, increase the local cement supply and promote infrastructure development in Africa. IFC will provide up to US$55m in debt. In addition, IFC and the IFC African, Latin American and Caribbean Fund will inject US$15m equity into National Cement and will have a seat on the company’s board, said the IFC in a statement. The project marks IFC’s largest investment in building... |
Bamburi posts first-half pretax profit drop08 August 2014, Published under Cement NewsBamburi Cement posted a 28 per cent drop in first-half pretax profit to KES2.3bn (US$26.2m) from KES3.2bn a year earlier. The Lafarge group company attributed the decline to rising power costs, increased use of imported clinker and the introduction of a mining levy in Kenya. Operating profit fell 27 per cent to KES2.2bn compared KES3bn in the comparative period of 2013. However, turnover rose 9.5 per cent as a result of higher sales volumes in the first half of the year both to domestic ma... |