Cement News tagged under: Kenya
Bamburi Cement full-year profit rises03 May 2022, Published under Cement NewsBamburi Cement Group reported a pre-tax profit of KES2.2bn (US$19m) in 2021, representing a 22.3 per cent YoY increase from KES1.8bn in 2020. The advance comes on the back of improved volumes and prices coupled with cost management, and also reflects continued economic recovery from impact of the COVID-19 pandemic. Group turnover increased by 19 per cent from KES34.9bn to KES41.4bn, attributed to growth in retail and key account segment in both Kenya and Uganda. Operating Profit rose b... |
Kenya considers duty increase on imported clinker21 March 2022, Published under Cement NewsThe Kenyan government is considering an increase on duty on imported clinker to rein in trading malpractices. It says some errant cement companies have been abusing the low tax regime of 10 per cent in the region and now wants to take countermeasures to reduce clinker imports. “Some of these cement companies are importing clinker and the same companies are mining clinker and exporting it to neighbouring countries. So we need to come out together to discipline that behaviour because you can... |
Bamburi Cement to raise prices as costs escalate15 March 2022, Published under Cement NewsKenya-based Bamburi Cement ( Holcim ) plans to increase prices of its products by 2-10 per cent as of 10 March 2022. The company attributed the price rise to higher raw material costs. To sustain its operations, Bamburi will be raising prices of products marketed under its Nguvu, Tembo and Fundi brands, particularly from the company’s Nairobi, Mombasa, Limuru and Sagana depots. The price of a 50kg bag of Bamburi Cement retails between KES600 (US$5.25) and KES770. |
East African Portland Cement narrows half-year loss01 March 2022, Published under Cement NewsKenya-based East African Portland Cement Co , owned by Holcim , has narrowed its half-year loss to KES907.1m (US$8m) in the six months to December 2021 from KES1.035bn in the equivalent period of the previous year. This was achieved despite a decline in the company’s revenues to KES967.7m in the 1HFY21-22 from KES1.4bn in the 1HFY20-21. The company attributed the improved loss result to a cost containment drive. Administration and selling expenses were down by nearly two per cent to KE... |
Gebr Pfeiffer commissions Kenyan mill22 February 2022, Published under Cement NewsGebr Pfeiffer has successfully commissioned third line for cement grinding for Mombasa Cement Ltd, Vpingo , Kenya. The project for Tororo Cement subsidary Mombasa Cement included the installation of a Gebr Pfeiffer vertical roller mill MVR3750C-4. The original order was placed in July 2019 . |
Savannah Cement seeks KES40bn to fund new clinker plant20 January 2022, Published under Cement NewsSavannah Cement , Kenya, wants to raise KES39.7bn (US$350m) via a bond on the London Stock Exchange to build a clinker production plant. The firm has been relying on imported clinker to meet cement demand. Savannah Cement Chief Executive Samson Shivina said that the firm expects the plant to be completed by mid-2024. "This is entirely being financed by a bond on the London Stock Exchange because locally, we may not find banks who are going to finance such size of the project unless it... |
Savannah Cement has overcome its clinker shortage difficulties07 January 2022, Published under Cement NewsSavannah Cement managers have denied that the company is facing financial problems, saying a shortage of clinker had slowed down production for the Kenyan cement producer in the 3Q21. In an exclusive interview with Nation Africa, Mr Shivina said the company is financially stable. He said the company relies on imported clinker for cement production, but supply was disrupted in 2021 due to a shortage of vessels as the global economy suffered from a COVID-19-related supply chain backlog.... |
Kenyan sees record cement consumption in July27 October 2021, Published under Cement NewsKenya’s cement consumption grew to 726,823t in July, the highest in the last decade records the Kenyan National Bureau of Statistics. The record demand is linked to several ongoing mega infrastructure projects such as, the Nairobi Expressway, Dogo Kundu Bypass, James Gichuru-Rironi highway, Nairobi Western Bypass and dam construction. |
Devki Group to switch to self-power generation by 202308 September 2021, Published under Cement NewsDevki Group is planning to generate its own power by 2023 as the high cost of power is seen by the company as the biggest threat to Kenya’s manufacturing sector. Narendra Raval, Devki Group founder, said the decision to self-generate the company’s own power became clearer after Kenya Power demanded KES2.8bn (US$24.4m) to connect electricity to the Emali clinker factory. The company will start with a 64MW power plant in the Pokot region as it commences construction on on the Pokot cemen... |
Bamburi Cement lands government infrastructure deals06 September 2021, Published under Cement NewsBamburi Cement has secured lucrative government contracts for the supply of cement for key infrastructure projects in the region as part of efforts to staying afloat in a competitive cement market that has seen its net profit drop by 80 per cent in five years. The East African reports that Bamburi (Holcim group) has won tenders to supply cement key government infrastructure projects in Kenya, including Thwake dam, Nairobi Expressway, Dongu Kundu bypass, Lamu port, Lamu Port-South Sudan... |