Cement News tagged under: Kenya
EAPCC to tap Tanzanian market25 February 2014, Published under Cement NewsEast African Portland Cement Co (EAPCC) plans to enter the Tanzanian market, senior management has revealed. "We are looking at Northern Tanzania and have already identified a partner situated in Arusha," Kepha Tande, managing director of the Kenya-based cement producer, said on Friday. Tande said that stiffer competition in the company’s domestic market has led it to seek new markets to improve sales. EAPCC's market share has dropped by close to 12 per cent from 33 per cent three years... |
Bamburi signs waste management partnership deal, Kenya21 February 2014, Published under Cement NewsKenya’s largest producer, Bamburi Cement, and Mombasa County government have entered into a KES4.8bn (US$55.7m) partnership to develop a solid waste management system. Bamburi will finance a feasibility study and provide equipment to boost the country’s waste management capabilities. Most of the waste will be used to generate alternative fuels in the company’s cement production process. (Source: AllAfrica News). |
Savannah Cement selects SAP All-in-One solution, Kenya18 February 2014, Published under Cement NewsSavannah Cement has signed an agreement with Sperkejet East Africa Ltd (SEAl) and SAP Africa for the installation of an Enterprise Resource Planning (ERP) solution known as SAP All-in-One solution on SAP HANA platform to manage data in real time. “Due to the increase in our business volumes, we felt that there was a clear need to review our approach to technology, and we’re pleased to have selected SEAl and SAP to provide us a solution that addresses our need to offer a differentiated and a... |
ARM optimistic on Kitui plant construction start, Kenya13 February 2014, Published under Cement NewsKenyan producer ARM Cement is getting closer to launching construction of a US$400m plant in Kitui County, the company’s managing director has said. Pradeep Paunrana told local press that the company has received support from the Kitui county government under Governor Julius Malombe. “We are optimistic that in the next few months, we will move on site for the groundbreaking to pave the way for construction to begin,’’ Standard Digital news quoted him as saying. The new plant will be s... |
Kenyan prices hiked on new mining levy16 January 2014, Published under Cement NewsKenyan producers have raised cement prices following a new levy imposed by the Ministry of Mining. Najib Balala, the Cabinet Secretary for Mining, announced a KES140/t mining levy on cement on 18 December 2013, which translates to KES7/50kg bag. The decision has come much to the displeasure of some producers who have called the levy ‘unfair’ and ‘illegal.’ Due to the new levy, National Cement has increased its ex-factory prices from KES600 to KES625/50kg – after having reduced pri... |
Kenyan prices expected to rise10 January 2014, Published under Cement NewsA decision by Kenya's ministry of Mining to impose a levy on cement manufacturers is likely to see cement prices rise by KES10/50kg bag next week. “This new levy is a result of a negotiated settlement between the Government and cement makers for purposes of creating a level playing field between those who import finished products and those who have clinker,” said Pradeep Paurana, Chief Executive Officer, Athi River Mining (ARM) told local news. The new 1.5 per cent per tonne levy for ... |
ARM awaits board approval for South African project03 January 2014, Published under Cement NewsARM Cement is still awaiting board approval for the construction of a new cement plant in South Africa, the company's managing director, Pradeep Paunrana, has said. Mafikeng Cement, in which ARM has a 70 per cent stake, plans to build a plant a 3000tpd plant in Africa's largest economy, Paunrana told Nairobi-based Business Daily newspaper, Bloomberg reported. However, the company is still awaiting approval from its board of directors, with Mr Paunrana explaining to Bloomberg in an interv... |
EAPCC in spat with CMA over Lafarge appointment31 December 2013, Published under Cement NewsEast African Portland Cement Company (EAPCC) has gone to court, seeking to lift the suspension of its annual general meeting resolutions by the Capital Markets Authority (CMA), according to a report in Kenya’s Business Daily. The company argues that the CMA lacks the mandate to suspend the resolutions since AGMs are overseen by the Registrar of Companies. CMA suspended the resolutions by shareholders two weeks ago following a protest from the government, which is the majority shareholder. ... |
Savannah Cement appoints CEO, Kenya09 December 2013, Published under Cement NewsSavannah Cement, one of Kenya's newest market entrants, has Ronald Ndegwa as its first chief executive. The company operates a 1.5Mta cement works in Athi River which was commissioned in July last year. Without a permanent CEO in place, the company has been undertaking an extensive search to find a suitable business leader to take the helm. Mr Ndeta has previously served as the Director of Supply Chain at Tata Chemicals Magadi. Prior to joining Tata Chemicals Magadi, Ndegwa had previously ... |
ARM Cement expects Kenyan market to grow for the next 50 years07 November 2013, Published under Cement NewsKenya's cement market is set to expand on the back of government infrastructure spending on ports and roads, while house builders trying to meet an annual deficit of some 440,000 units. A Bloomberg report claims that these factors are encouraging ARM Cement Ltd, Kenya’s second-largest cement maker, to raise capital by selling eurobonds to fund a US$300m expansion programme. ARM Cement looks committed to building cement capacity for the long term. Pradeep Paunrana, ARM's managing director, ... |