Cement News tagged under: Devki Cement
PPC sells Cimwera to National Cement Holding Ltd for US$42.5m20 November 2023, Published under Cement NewsPPC Ltd has completed the sale of its 51 per cent stake in Rwandan cement producer Cimerwa to National Cement Holding Ltd for a cash consideration of US$42.5m. The deal is a significant step in PPC's strategic shift to focus on its southern African operations and improve its financial leverage. The share transfer is set to take place seven business days after the necessary conditions are met, including notifications and clearances from the Common Market for eastern and southern Africa (... |
Devki Group plans 60MW wind energy plant24 August 2022, Published under Cement NewsKenya's Devki Group ( National Cement ) plans to develop a wind power plant in Kenya to try and mitigate electricity costs . The cement, steel and power group said in a disclosure to the National Environment Management Authority that it plans to develop a 60MW plant in Samburu, Kwale County which is in Kinango Sub County. The power generated will be used for the firm’s own consumption in its Devki Samburu plant in Kwale County. The power will help to reduce the cost of running its p... |
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