Cement News tagged under: Kenya
Mombasa Cement increases market share15 March 2018, Published under Cement NewsMombasa Cement has dislodged East Africa Portland Cement Co (EAPCC) from the second position in Kenya with a market share of 15.8 per cent, while EAPCC has dropped to third place with a market share of 15.1 per cent. Mombasa Cement's Nyumba brand just lies behind LafargeHiolcim's Bamburi Cement, which dominates the sector with a 32.6 per cent market share, according to Construction Kenya. The latest round of company results has seen both EAPCC and ARM Cement hit by falling revenues and... |
ARM Cement issues profit warning for 201713 March 2018, Published under Cement NewsKenya-based ARM Cement has issued a profit warning for the 2017 period, suggesting that the company will post a loss of at least KES3.5bn (US$34.5m). According to a notice sent on Monday, the producer anticipates that the loss will widen by a further 25 per cent from KES2.8bn recorded in 2016. "The Group’s performance has been adversely affected by difficult market conditions and import ban for coal in Tanzania, by the prolonged and disruptive election period in Kenya, as well as a strai... |
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... |
EAPCC announces net loss for 2H1701 March 2018, Published under Cement NewsEast African Portland Cement Company (EAPCC) has announced that its net loss worsened in the half-year period ended 31 December 2017. The loss widened by 290 per cent YoY to KES969.57m (US$9.57m) from KES248.12m of the year-ago period, according to The Star. This has been attributed to a fall in revenue to KES3.06bn from KES3.72bn, due to the adverse effects of political activity. "Revenue declined due to slow market uptake on account of prolonged political activity which dampened investmen... |
Kenyan President Kenyatta inaugurates US$280m clinker plant09 February 2018, Published under Cement NewsKenya’s President Uhuru Kenyatta inaugurated a new cement clinker plant on 7 February. National Cement Co invested US$280m in the 1.2Mta clinker plant as well as a 15MW power plant, located between Merrueshi and Mbirikani, Kajiado County, south of Kenya’s capital, Nairobi. Mr Kenyatta said: “These jobs will teach our young people vital skills. These jobs will build the economy of this county. And these jobs that will have a multiplier effect right across the country.” He highligh... |
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... |
CDC seeks ARM divestment18 January 2018, Published under Cement NewsThe Commonwealth Development Corp (CDC), the UK government agency that acquired a 42 per cent stake in ARM Cement, is reportedly in talks with several, mostly Asian, companies to sell its shares in the Kenyan cement producer. When it invested in ARM Cement, the agency provided a US$140m cash injection to turn the cement firm around, but this has turned out to be insufficient. |
Bamburi Cement launches seasonal driver improvement programme07 December 2017, Published under Cement NewsBamburi Cement has begun a pre-Christmas campaign to improve driver safety. Over 1200 drivers and 1,000 bodaboda operators are set to benefit from the training that will be offered during the campaign. The campaign's caravan was waved off from the company's Mombasa plant based in Bamburi on Tuesday, and will stop at identified locations in the coastal city before proceeding to Mariakani, Voi, Mtito Andei, Makindu, Sultan Hamud, Salama, Masimba, Machakos Junction, Athi River (Mlolongo) and ... |
Kenyan producers to cut cement prices04 December 2017, Published under Cement NewsCement companies intend to lower their prices and achieve regional competitiveness following the reduction in local off-peak power prices. President Uhuru Kenyatta's directive issued last Tuesday took effect at midnight (1 December). Under the directive, manufacturers will have their electricity consumption during the low peak period between 22-06h period halved. Savannah and National Cement brand makers said they have seen demand for local cement rising following the local price drops. S... |
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... |