Cement News tagged under: East African Portland Cement Co

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East African Portland Cement lose Athi River land decision

15 March 2019, Published under Cement News

East African Portland Cement (EAPC) has lost to a government decision on ownership of a plot of land in Athi River, Kenya. 

 State-owned Kenya Railways plan to construct a container terminus on the land, despite EAPC and local residents, known as the Aimi Ma Lukenya Society, having also claimed to own the disputed land. Speaking at Kibini hill in Kajiado East last week, Trade Cabinet Secretary Peter Munya confirmed that there is a deal for the land to be sold to Kenya Railways. "We have ...

EAPC sees 6M loss widen in 2018

01 March 2019, Published under Cement News

Kenyan cement producer East African Portland Cement reported a KES1.2bn (US$12m) loss for the half-year ending 31 December 2018, compared with a KES970m loss in the prior-year period. Sales revenue fell by 55 per cent to KES1.3bn. The company attributed the widening loss to a difficult business environment with increasing input prices, the sluggish market and challenges in its production due to a tight working capital.

ARM and EAPC risk sanctions due to royalty arrears

12 February 2019, Published under Cement News

Athi River Mining (ARM) and East African Portland Cement (EAPC) are risking their operating licence following an audit report of companies in the cement sector that are in royalty arrears with the Kenyan state, according to a report by Agence Ecofin. A taskforce report recommended to the Ministry of Mines that the granting of such licences be tied to the payment of royalties or cement levy. It also wants payment records to be used as one of the licensing conditions. “To enhance royalty or ...

East African Portland Cement pleads for more time

03 September 2018, Published under Cement News

Simon Peter Ole Nkeri, managing director of East African Portland Cement (EAPC), has urged the courts and creditors to give the company time, while it trims staff levels and sells 14,000 acres of land to the newly-established Special Economy Zones Authority (SPEZA). "All we are saying to the court is we need time to sort issues out and sell some assets. Creditors are also knocking on our doors, but we have a plan," said Mr Nkeri. EAPC needs to take urgent measures to return to pr...

Kenya's cement consumption falls to 1.4Mta in 2Q18

13 July 2018, Published under Cement News

Cement demand in Kenya has fallen to 1.4Mta in the second quarter of the year, according to a report from the Kenya National Bureau of Statistics (KNBS). The agency attributes the drop to a continued slowdown in real estate activity. In the first quarter of 2017 domestic cement consumption reached 1.5Mt but has since decreased. Furthermore, the continuing decline was also reflected in a 15.7 per cent drop in cement imports as well as in an eight per cent fall in clinker imports during the...

East Africa Portland Cement Co suffers operational issues

16 April 2018, Published under Cement News

East African Portland Cement Company (EAPCC) has experienced operational challenges over the last two months, according to The East African. Amongst the issues faced by the company was a production halt, salary delay and a low supply of cement stock. This follows its net loss widening by almost four times to US$9.6m in the 2H17, as a result of low revenues. The results for the full-year period ending June 2017 saw a loss of US$14.71m, compared to a US$41.45m profit in the year-ago period....

East African Portland Cement Co to build inland container depot

13 April 2018, Published under Cement News

East African Portland Cement Co wants to establish an inland container depot in Athi River to deliver imported raw materials to its plant via the standard-gauge railway. Managing Director. Simon Peter Ole Nkeri. said the move could ease costs of finished products and make Kenya-made goods affordable in east Africa and competitive on the global stage. "We heavily rely on imported raw materials like clinker for the manufacture of cement. We are engaging the government on this issue and ar...

East African Portland Cement reports KES1.4bn loss

08 November 2017, Published under Cement News

East African Portland Cement Co (EAPCC) saw its net profit of KES4.1bn (US$39.6m) for the year ended 2016 evaporate to record a KES1.4bn loss for the year ended 30 June 2017. Revenues at the Kenya-based cement producer fell 21.9 per cent YoY to KES6.93bn from KES8.87bn. Loss before tax in FY17 stands at KES1.71bn compared with a pretax profit of KES3.73bn in the year-ago period.

East African Portland Cement appoints head of HR

17 August 2017, Published under Cement News

East African Portland Cement Company (EAPCC) has appointed Janerose Karanja as its head of Human Resources. Ms Karanja joins the company from the parent Ministry of Industry, Trade and Co-operatives as the cement firm embarks on organisational changes for its turnaround strategy. Ms Karanja is a human resource expert with more than 25 years' working experience, 12 in various State agencies including the departments for Industry and Energy. She holds an MBA (Human Resource Management) from...

EAPCC announces 10% price cut

20 July 2017, Published under Cement News

East African Portland Cement Co (EAPCC) has announced a 10 per cent reduction on the ex-factory price of its Blue Triangle Cement. The Kenyan cement producer attributed the price cut to improved processes following the implementation of a strategic turnaround plan it embarked on last year, according to a report in The Star national newspaper. “Over the last 10 months, we have been re-engineering our processes from production to distribution, sales and marketing,” EAPCC Managing Director...