Cement News tagged under: Kenya
Kenya: cement makers gamble on growing demand03 May 2012, Published under Cement NewsCement makers in Kenya are hoping demand from the housing sector, infrastructure and exports will sustain steady growth in consumption of the commodity in the local market. Despite reports of a slowing real estate sector, manufacturers say consumption of the cement increased in the 1Q12, driven by the other two segments. "This is driven mainly by three sectors: housing, infrastructure and exports. Overall consumption from these three sectors did increase in the first quarter," said Surend... |
Kenya: NSSF faces off with Lafarge over board seat at Bamburi24 April 2012, Published under Cement NewsNational Social Security Fund (NSSF) is set to open a fresh fight with French conglomerate Lafarge over the control of Bamburi Cement as it demands a seat on the cement maker’s board it lost last year. The cement firm – which is owned 58.4% by Lafarge – dropped NSSF representative Alex Kazongo from its board in March, citing his failure to attend successive meetings. Now, the fund has written to Bamburi Cement seeking a position in the board, but it says the company has told it to present ... |
East African Portland Cement shares reinstated, Kenya12 April 2012, Published under Cement NewsKenya's Capital Markets Authority has re-admitted shares of East African Portland Cement after a two-month suspension, saying doubts about the firm's ability to run its business had been quashed by continuous operations over the period. The shares had been suspended from trading on 17 January, to protect shareholders from a dispute between its board and the government, a 25 per cent shareholder that wanted to dissolve the board, citing an improper tender process for clinker. The High Court... |
Pokot Factory scheduled for completion at end-2013, Kenya10 April 2012, Published under Cement NewsA new 1.2Mta cement factory being constructed in the Pokot region of Kenya, will be completed within the next 15 months, Rajesh Kumar Rawal, director of the Cemtech Sanghi Group who is building the factory. Mr Rawal said the planning stages have been completed and the new plant is scheduled to be opened by the end of 2013. He said design of the plant, machinery and equipment was almost complete in India and China and will be shipped to Kenya in the coming months, AllAfrica news reports. ... |
Athi River Mining: East Africa expansion02 April 2012, Published under Cement NewsKenya-based cement producer Athi River Mining (ARM) earlier this week reported a significant rise in 2011 cement sales on the back of new domestic cement capacity. The company is now nearing completion of the first of three projects in the Tanzanian market and has secured additional funds for expansion as it seeks to harness increasing demand in the promising East Africa region. I n 2011, group turnover rose 37% YoY to KES8.2bn (US$99m) as cement sales increased 72%. This was helped by “t... |
Athi River pretax profit rises, Kenya28 March 2012, Published under Cement NewsKenya-based firm, Athi River Mining, posted a 23 per cent rise in 2011 pretax profit to KES1.36bn (US$16.4m), the company said while net profit came in at KES1150m. Turnover rose 37 per cent to KES8.2bn while cement sales increased 72 per cent helped by the commissioning of new capacities which came on-stream in late 2010. EBITDA rose 31 per cent from KES1.6bn in 2010 to KES2.2bn last year but operating margins were down two per cent in 2011 mainly due to the “rapid increases in cost of... |
Athi River calls for Kaloleni reopening, Kenya16 March 2012, Published under Cement NewsAthi River Mining has appealed to the National Environment Management Authority (Nema) to re-open its factory at Kaloleni in Kilifi County, saying they have met all the conditions the environmental body set. According to reports by the Standard, Athi River Managing Director Pradeed Paunrana, said they had fulfilled the nine demands set by Nema. "We are in fully compliance with the Nema order and should be allowed to operate," he said. Mr Paunrana said all land deals at the plant wer... |
Bamburi Cement uncertain on 2012 outlook27 February 2012, Published under Cement NewsBamburi Cement, a unit of Lafarge, reported a 28 per cent rise in 2011 turnover supported by sales from its Ugandan unit but warns its performance this year could be affected by inflation and uncertain political outlook in the lead-up to Kenya's elections. The company earned a pre-tax profit of KES8.47bn at the end of 2011 from KES7.56bn in 2010. East Africa's largest cement maker had seen a 7.4 per cent decline in profits in 2010 compared to 2009. The group's turnover increased by 28 ... |
High Court blocks appointment of new chairman, Kenya16 February 2012, Published under Cement NewsA High Court Judge has blocked President Kibaki's appointment of new East African Portland Cement (EAPCC) chairman Dr Isaac Mpapaluu ole Mepenay pending a ruling on March 16, All Africa news reports. Judge Mohammed Warsame on Wednesday suspended the gazette notice on appointment of Mr Mepenay until a a ruling is made to determine whether the cement manufacturer is a state corporation. In an urgent application lodged at the High Court in Nairobi on Tuesday, four directors of EAPCC went to co... |
Kenya: quarry blockage paralyses cement plant13 February 2012, Published under Cement NewsBarely two weeks after the troubled East African Portland Cement (EAPC) resumed operations, the cement factory is facing closure due to lack of raw materials. Members of Maasai community have closed access to the cement factory’s quarry at Kabini and Ngurunga, thus crippling the operations of the cement firm. The 300-acre Kabini quarry is a no-go zone for company tippers. The material cannot be transported to the Athi River cement plant. Hundreds of workers at the plant now while their... |