Cement News tagged under: Kenya
ARM Cement boosted by higher sales21 March 2013, Published under Cement NewsARM Cement, Kenya's second-largest producer, has reported an eight per cent advance in 2012 net profit and says it expects improved profitability on the back of new capacity. Formerly known as Athi River Mining, the company said in a statement that net income advanced to KES1.25bn (US$14.6m) in the first 12 months of December. Cement sales rose 64 per cent after its market share increased in Kenya, Rwanda and Tanzania. That helped turnover increase by 39 per cent to KES11.4bn. For the f... |
Bamburi Cement 2012 pretax profit down 15%01 March 2013, Published under Cement NewsBamburi Cement has reported a 15 per cent decline in pretax profit for full year 2012 to KES7.17bn (US$83m) as it is impacted by lower gains on its foreign currency holdings, Reuters has reported. Bamburi Cement, which is part of the Lafarge group, said turnover edged up four per cent to KES37.bn but higher costs drove operating down 14 per cent. "The group anticipates underlying cement demand to continue growing in the region despite a slow start in Kenya influenced by the election pe... |
East African Portland Cement eyes expansion26 February 2013, Published under Cement NewsKenya’s East African Portland Cement Co (EAPCC) is exploring the option of expanding its operations both at home and in neighbouring Tanzania, according to reports by Reuters. “We are now discussing the financing of these projects,” Reuters quoted managing director, Kephar Tande as saying. Cost cutting measures and improved cement sales helped EAPCC post a profit for the first six months of last year. EAPCC made a pretax profit of KES376.27m (US$4.3m) for the six months ended December, co... |
Hima Cement to curb emissions, Uganda04 February 2013, Published under Cement NewsHima Cement Factory is about to embark on an environmental upgrade to improve emissions at its plant in Kasese district, Uganda. The cement producer is to begin a project in the next few months to curb emissions, according to reports in the Daily Monitor, following concerns by locals over the effect on the surrounding areas and nearby residents, However, David Njoroge, general manager of the Kasese factory, said the plant is to install a bag filter that will significantly reduce the em... |
Kenya set to see decline in 2012 consumption31 January 2013, Published under Cement NewsKenyan cement consumption is set to register the first decline in three years. Provisional data for 2012 from the Kenya National Bureau of Statistics shows that consumption is unlikely to go over the 3Mt mark surpassed in the previous two years. Over the first 11 months of 2012, demand reached 2.6Mt compared to 3.4Mt in full-year 2011 and 3.1Mt in 2010. On the positive side, consumption in November 2012 saw a MoM gain of six per cent to 337,096t from 318,016t in October 2012. Cement produ... |
Kenya: Cemtech gains cement plant licences30 January 2013, Published under Cement NewsThe government has granted all required licences for the construction of the KES12bn (US$136.9m) Pokot Cement Factory. Rajesh Rawal, Cemtech Sanghi's Group director, said it has taken more than two years for the company to be granted the licenses. He said the company is now ready to begin the project which is scheduled to be completed by end of 2014 or early 2015. "What we will set up is factory that has capacity to produce more than 1.2Mta of cement for at least 50 years," he said. The f... |
Kenya: KES12bn Pokot cement factory to be completed next year10 January 2013, Published under Cement NewsInvestors in the KES12bn cement factory in Pokot have pledged to complete the project next year after revising its implementation plan. The project was initially scheduled to end this year. CEO of the Cemtech Sanghi Group, Rajesh Kumar Rawal, has dispelled fears that the project may not take off. "Its a complex project but we are committed to completing it within the next 15 months so that it is commissioned," he told local newspaper, the Star. "We are on course to implement it because ... |
Kenya: EAPCC reverts to Bamburi for clinker supply31 December 2012, Published under Cement NewsEast Africa Portland Cement Company (EAPCC) has turned to its shareholder, Bamburi Cement, to supply clinker a year after it severed a four-year supply deal with the firm and inked a contract with National Cement. EAPCC fell out with National Cement for breach of contract linked to non-payment and making orders of clinker that were below the agreed quantity threshold, according to reports in the Business Daily of Kenya. “I’m not supplying them because they are not paying,” said Mr Naren... |
Bamburi Cement appoints director, Kenya30 November 2012, Published under Cement NewsBamburi Cement has appointed John Simba as a director. The effective date is November 29, 2012. |
National Cement to open new 1.65Mta Nairobi works21 November 2012, Published under Cement NewsNational Cement announced plans to open a new 1.65Mta cement works in the outskirts of Nairobi, Kenya. The company said it received an undisclosed loan from KCB Group, raw materials on credit and a cash injection from its parent company Devki Group of Companies to finance the new KES11.9bn. The new capacity is expected to intensify to battle for control of the regional cement market. The entry of National Cement and Mombasa Cement increased competition with the latter rapidly claiming... |