Cement News tagged under: Savannah Cement
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... |
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... |
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.... |
Head of Savannah Cement named CEO of the year03 December 2019, Published under Cement NewsSavannah Cement’s Chief Executive Officer, Ronald Ndegwa, has been named CEO of the year by the Kenya Institute of Management. Mr Ndegwa dedicated the award to the company’s management, staff and customers, describing it as a tribute to their continued co-operation. "Sound management is a sum result of all the stakeholders who relate with Savannah Cement including the management team, staff and loyal customers," said Mr Ndegwa. "The award serves to rededicate our commitment to deliver to ... |
Kenya's Savannah Cement plans KES5bn grinding plant in major expansion plan15 July 2019, Published under Cement NewsSavannah Cement is currently undertaken a KES5bn expansion of its grinding plant at Kitengela, Kenya, according to the company’s MD, Ronald Ndegwa. The project sees the construction of a 1.2Mta grinding unit, which will double the company’s current installed capacity. Central to the plant will be an energy-efficient vertical grinding mill, supplied by FLSmidth. The new facility is expected to be commissioned by the end of the year. “At Savannah Cement, we are banking on the regional ma... |
Savannah Cement sees opportunity with African trade agreement26 March 2018, Published under Cement NewsSavannah Cement of Kenya has optimism of growing trade following the signing of the KES3trn (US$29.7m) African Continental Free Trade Area (AfCFTA) agreement. Savannah Cement's CEO, Ronald Ndegwa, said that east Africa-based companies will soon start enjoying wider markets and opportunities. The AfCFTA signed last Tuesday in Kigali, Rwanda, seeks to create a single continental market for goods and services, with free movement of business persons and investments. This will pave the way... |
Savannah Cement targets Big Four Agenda projects02 March 2018, Published under Cement NewsSavannah Cement will tap into Kenyan President Uhuru Kenyatta's Big Four agenda – manufacturing, universal healthcare, affordable housing and food security – as it enhances its supply focus on local and regional infrastructure development projects such as Standard Gauge Rail (SGR), Outering Road, Mutomo- Kibwezi Road among many others. Savannah Cement Managing Director, Ronald Ndegwa, said the agenda will help to create much-needed jobs for Kenya’s burgeoning youth population. "The Bi... |
Devki Group plans to construct two plants in Kenya25 January 2018, Published under Cement NewsDevki Group plans to construct two new cement plants in Kenya, according to Construction Kenya. The first plant is expected to have a 0.75Mta capacity and be located on a 20ha plot in Mariakani, Kilifi County, while the second will have the same capacity and be situated in Njoro, Nakuru. Each of the two plants are expected to represent an investment of KES3bn (US$29.2m). The proposed facilities would help lower the price of cement and shorten the distance covered by delivery vehicles, acc... |
Savannah Cement trained 10,000 masons in the past five years30 November 2017, Published under Cement NewsSavannah Cement have renewed a joint commitment with the National Construction Authority (NCA) to improve construction standards in Kenya, according to Capital Business. The cement company will continue to provide training and development opportunities to those workers seeking NCA accreditation in the building and construction sector. Over the last five years, Savannah Cement have trained 10,000 masons. "Recently, the two organisations agreed to have all masons trained by Savannah Cement i... |