Cement News tagged under: Kenya
Savannah Cement Group sources funds for new clinker plant19 April 2023, Published under Cement NewsSavannah Clinker has received KES65bn (US$500m) to fund construction of a new clinker factory in Kenya. Savannah Clinker, an affiliate of Savannah Cement , said it raised the funds through a privately placed debt arrangement with the bond set to be listed at regulated international exchange. Savannah currently imports clinker as it does’t have a clinker plant. Savannah will build its clinker plant in Kitui County, as demand for cement surges due to a construction boom that has been boost... |
Bamburi Cement to open a new shale quarry03 April 2023, Published under Cement NewsKenya-based Bamburi Cement (part of Holcim )will be opening a new shale quarry in Kwale County to serve a new cement plant. The quarry is expected to supply around 20 per cent of the total resource material for the clinker production process. Bamburi plans to scale up its south coast business and establish a 5000tpd clinker plant, said the company’s former CEO, Seddig Hassani. The site is located on approximately 700 acres of land currently owned by local communities that are practicing... |
Bamburi Cement announces new CEO24 March 2023, Published under Cement NewsKenya's Bamburi Cement (part of the Holcim Group) has appointed Mohit Kapoor as its new chief executive officer, effective from 1 April 2023. Mr Kapoor replaces Seddiq Hassani who has left the company after five years at the helm, reports Business Daily Africa. Mr Kapoor has over 20 years’ experience in corporate leadership having held several high level management positions within the Holcim Group, including CEO of Holcim Qatar and head of growth and innovation at Holcim India. Bam... |
National Cement Co Ltd to open 2.5Mta clinker plant in Kenya01 March 2023, Published under Cement NewsKenya-based National Cement Co Ltd (NCC) has announced it will open a new clinker plant in September 2023. Located in West Pokot, the new plant is expected to have a clinker capacity of 2.5Mta. NCC owner, Narendra Raval, has said following commissioning of the plant, the company will be one of the largest producers of clinker in Africa and plans to export clinker to countries in the region that have a deficit. The feasibility study for the project, commissioned in 2010 by the Kerio Vall... |
Holcim and 14Trees delivers on 3D printed Kenyan houses15 February 2023, Published under Cement NewsHolcim has successfully completed the largest 3D-printed affordable housing to date through 14Trees, its joint venture with British International Investment, the UK’s Development Finance Institution (DFI) and impact investor. The 3D printing of 10 housing units in Kenya’s Mvule Gardens project was made possible with TectorPrint, Holcim’s proprietary, innovative and versatile 3D printing ink, produced in Kenya for the first time. The project’s advanced sustainability profile has attained a... |
New target markets for East African Portland Cement Co26 January 2023, Published under Cement NewsFollowing its KES500m (US$4m) plant upgrade, The East African Portland Cement (EAPC) is planning to expand within the East African Community member countries and is targeting cement sales in Rwanda and DR Congo. The Athi River-based cement processor has replaced part of its kiln shell at its Athi River plant and is now producing its own clinker. In 2021 EAPC it announced a five year business modernisation and expansion plan to return to profitability. The firm’s CEO, Oliver Kir... |
Savannah Cement sells 60% stake to Barak Asset Recovery12 January 2023, Published under Cement NewsMauritius-based Barak Asset Recovery has been given the green light by regulators to acquire a 60 per cent stake in Savannah Cement from Seruji Ltd . With one plant in Athi River , Nairobi, Savannah Cement began operations in 2012 and quickly gained a 15 per cent share of the Kenyan cement market. However, in recent years its market share slipped to 10 per cent with two lenders, banks KCB and Absa, seeking to liquidate the firm’s assets after Savannah defaulted on loan payments, repor... |
Kenyan cement consumption falls 15% YoY04 January 2023, Published under Cement NewsCement consumption in Kenya declined from 2.596Mt in the third quarter of 2021 to 2.217Mt in the same period this year, marking a contraction of 14.6 per cent YoY. Cement production over the same period fell from 2.64Mt in the 3Q21 to 2.302Mt. The drop mirrors the downward trend seen in the country’s construction sector, which reported growth of 4.3 per cent in the 9M22, compared to an advance of 6.7 per cent in the same period a year earlier, according to Business Daily. The data, pro... |
Savannah Cement places order with Sinoma for new Kenyan plant02 December 2022, Published under Cement NewsSavannah Cement has placed an EPC order with Sinoma International Engineering for a new US$300m cement plant in Kenya. Sinoma will construct a clinker line with an output of 8000tpd, a cement grinding unit, and a packaging and forwarding system with an output of 100tph, as well as a supporting power station in Kitui, east of the capital Nairobi, reports Yicai Global. The company will provide a full range of services from engineering design, equipment procurement and supply, civil const... |
Bamburi Cement forecast to see 25% drop in earnings29 November 2022, Published under Cement NewsBamburi Cement is expected to post net earnings for FY2022 down by at least 25 per cent compared to FY21, according to Reuters News. The loss in earnings is being attributed to slowing demand for cement, rising energy costs and increasing raw material costs. |