Cement News tagged under: Kenya
Savannah Cement plans new clinker line, Kenya22 April 2014, Published under Cement NewsSavannah Cement, the newest entry in the Kenyan market, plans to invest US$200m in the construction of a new clinker line to boost regional sales. A joint venture between Kenyan and Chinese investors, Savannah Cement currently operates a grinding plant at Athi River. The new plant has five packing lines and is capable of producing 1.5Mta of cement. Board chairman Benson Ndeta, announced on Thursday that the company hopes to be a major competitor in the regional market in the supply of ... |
Kenya: ARM Cement reports 12% rise in pretax profit01 April 2014, Published under Cement NewsKenya’s second largest cement producer ARM Cement saw a 12 per cent rise in full year pretax profit to KES2bn (US$23.17m). Earnings per share increased to KES2.73 from KES2.52, the company said in a statement. |
EAPCC pretax profit hit by rising costs27 March 2014, Published under Cement NewsEast African Portland Cement Co (EAPCC) said on Wednesday its pretax profit more than halved for the six months ended December due to rising administration and sales costs. Portland's pretax profit fell to KES171m (US$2m) from KES376.5m in the same period in 2012. The Kenyan firm, which also operates in Uganda, said its total revenues rose 0.4 per cent to KES4.57bn, while cost of sales increased 1.4 per cent to KES3.25bn. Administration and selling expenses rose to KES1.26bn from KES1b... |
Bamburi relaunches Powercrete, Kenya20 March 2014, Published under Cement NewsLafarge’s Kenyan subsidiary Bamburi Cement has announced it will relaunch its Powercrete cement for use in large infrastructure works and in the private and public sector. The relaunch comes after increased competition in the Kenyan market following the arrival of Dangote Cement. In 2013, Bamburi has seen its profits fall by nearly a quarter and closed the year with sales of KES33.9bn (US$394m), a performance significantly below its 2012 level. Kenya is currently investing considerably... |
Bamburi: operating profit plunges 24% YoY, Kenya07 March 2014, Published under Cement NewsBamburi Cement’s 2013 turnover declined by 3.6 per cent to KES33.9bn while operating profit fell 24 per cent amid an increasingly competitive market. Commenting on the company’s results, managing director Hussein Mansi, said: “In the first half of 2013, we experienced a drop in the company’s performance mainly attributable to competitive pressure in Uganda and we also saw a significant reduction of exports out of Uganda to the inland Africa markets due to political tensions, which impacte... |
Dangote eyes 3Mta Kenyan plant construction03 March 2014, Published under Cement NewsAlhaji Aliko Dangote, president of the Dangote Group, has said his conglomerate is planning to build a greenfield cement plant in Kenya. Dangote made the disclosure during the visit of the Kenyan deputy prime minister, William Ruto, to Dangote Cement Obajana plant in Kogi State, Nigeria, on Friday. The pending plant is slated to have a capacity of 3Mta. The Kenyan deputy prime minister said he was impressed with Dangote’s Obajana, telling local press that “as soon as the remaining two lice... |
EAPCC to tap Tanzanian market25 February 2014, Published under Cement NewsEast African Portland Cement Co (EAPCC) plans to enter the Tanzanian market, senior management has revealed. "We are looking at Northern Tanzania and have already identified a partner situated in Arusha," Kepha Tande, managing director of the Kenya-based cement producer, said on Friday. Tande said that stiffer competition in the company’s domestic market has led it to seek new markets to improve sales. EAPCC's market share has dropped by close to 12 per cent from 33 per cent three years... |
Bamburi signs waste management partnership deal, Kenya21 February 2014, Published under Cement NewsKenya’s largest producer, Bamburi Cement, and Mombasa County government have entered into a KES4.8bn (US$55.7m) partnership to develop a solid waste management system. Bamburi will finance a feasibility study and provide equipment to boost the country’s waste management capabilities. Most of the waste will be used to generate alternative fuels in the company’s cement production process. (Source: AllAfrica News). |
Savannah Cement selects SAP All-in-One solution, Kenya18 February 2014, Published under Cement NewsSavannah Cement has signed an agreement with Sperkejet East Africa Ltd (SEAl) and SAP Africa for the installation of an Enterprise Resource Planning (ERP) solution known as SAP All-in-One solution on SAP HANA platform to manage data in real time. “Due to the increase in our business volumes, we felt that there was a clear need to review our approach to technology, and we’re pleased to have selected SEAl and SAP to provide us a solution that addresses our need to offer a differentiated and a... |
ARM optimistic on Kitui plant construction start, Kenya13 February 2014, Published under Cement NewsKenyan producer ARM Cement is getting closer to launching construction of a US$400m plant in Kitui County, the company’s managing director has said. Pradeep Paunrana told local press that the company has received support from the Kitui county government under Governor Julius Malombe. “We are optimistic that in the next few months, we will move on site for the groundbreaking to pave the way for construction to begin,’’ Standard Digital news quoted him as saying. The new plant will be s... |