Cement News tagged under: East African Portland Cement Co
East African Portland Cement posts pretax loss03 March 2015, Published under Cement NewsEast African Portland Cement Co (EAPCC) posted a first-half loss after a maintenance shutdown of its packing and clinker units. The company reported a pretax loss of KES124m (US$1.36m) for the six months to end of December, against a profit of KES171m in the same period in 2013. The firm, which also operates in Uganda, said it hopes to regain its market share in the industry after completing a plant refurbishment in the second quarter of this financial year. "Despite the growing competiti... |
Kenya: new appointments at EAPCC23 December 2014, Published under Cement NewsFormer Capital Markets Authority (CMA) chairman, Kung’ Gatabaki, has joined the East African Portland Cement (EAPCC) board as one of two new directors nominated by the global conglomerate Lafarge, stepping into the shoes of former Kenya Airways CEO, Titus Naikuni, who held the position for eight years. Prof Sarone ole Sena, the chairman of the Eldoret University Council, has also joined the EAPCC board. The two new directors were appointed in a special board meeting. Mr Gatabaki, who serve... |
Kenya: EAPCC begins Athi River upgrade project11 November 2014, Published under Cement NewsEast African Portland Cement Company (EAPCC) has started the upgrade of its Athi River plant in Kenya as the company aims to improve reliability, increase production and enhance energy efficiency. Joseph Kombo, head of production at EAPPC said the upgrade is focussed on the kiln and packing section of the cement works. "In the packing plant, we are upgrading the mechanical and electrical components of the packers as well as improving the bag conveying system all geared towards improved... |
Kenya: EAPCC swings to full-year loss27 October 2014, Published under Cement NewsEast African Portland Cement posted a net loss of KES386m (US$4.32m) for the year ended June 30, due to price competition, high staff costs and the weakening shilling. The Kenyan cement producer posted a net profit of KES1.7bn a year earlier. The company said its administrative costs had gone up by KES700m following a restructuring of its management, staff compensation and an increase in staff gratuity, Reuters reported. |
Kenya: Lafarge under competition probe16 May 2014, Published under Cement NewsKenya’s antitrust authority may force Lafarge SA to sell some of its domestic interests if the cement maker is found to be flouting domestic competition rules, according to Bloomberg reports. The Competition Authority of Kenya is probing Lafarge’s influence on Kenya’s cement industry through its 59 per cent stake in Bamburi Cement Co and 42 per cent shareholding in East Africa Portland Cement Co (EAPCC). The findings will be published next month, Director-General Francis Kariuki said in an ... |
EAPCC issues profit warning16 May 2014, Published under Cement NewsEast African Portland Cement Co Ltd (EAPCC) expects profit for its full year through June to fall by more than 25 per cent, it said on Friday. The company blamed rising competition in the sector and high staff costs for the forecast. "These challenges have had an adverse effect on sales revenues whilst staff and other unavoidable costs were incurred," EAPCC said in a statement. |
Tande's term as MD of East African Portland Cement extended, Kenya25 April 2014, Published under Cement NewsKephar Tande's term as managing director of East African Portland Cement Co (EAPCC) has been renewed for a further three years. Industrialization and Enterprise Development Cabinet Secretary Adan Mohamed confirmed the extension of Tande’s tenure, effective from November 2013. "I wish to thank the cabinet secretary and president, Uhuru Kenyatta, for the re-appointment. I am committed to fully implementing the strategy that the company has embarked on to raise its market share and to ensure... |
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... |
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... |
EAPCC plans to hike capacity, Kenya14 January 2014, Published under Cement NewsEast African Portland Cement (EAPCC), Kenya’s third largest producer, is planning to install a new clinker line and mill to lift capacity by 2016, the company’s CEO told local press. EAPCC, in which Lafarge and Bamburi Cement have a 41 per cent stake, operates a 1.4Mta cement plant in Athi River. Speaking to Standard Media of Kenya, Kepha Tande said the company is carrying out a feasibility study for a clinker plant in in Bissel, Kajiado, and also has plans to establish a new grinding ... |