Cement News tagged under: Kenya
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... |
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... |