Cement News tagged under: East African Portland Cement Co

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EAPCC operations likely to resume on Thursday, Kenya

25 January 2012, Published under Cement News

East African Portland Cement Company (EAPCC) is expected to resume operations after the parties involved in a dispute have reached a solution. EAPCC chairman, Mark ole Karbolo, said that a “solution has been found” and that the board was meeting all stakeholders to agree on a return-to-work formula, All Africa news reported. "It is the intention of the board that the company resumes operations immediately. The underlying issues that were raised will be addressed following the right pro...

East Africa Portland Cement workers return to plant, Kenya

24 January 2012, Published under Cement News

East African Portland Cement employees have returned to plant operations after signing a ‘return-to-work’ agreement with management, local press reports. The agreement comes after the works was shut for more than eight days due to a dispute between staff and the board of directors. Chairman of the board, Mark Karbolo and Ogutu Were of the Chemical and Allied Workers Union, witnessed the signing of the deal. In the agreement, Karbolo said he will act on all the allegations attributed to...

East African Portland suspended from trading on bourse

18 January 2012, Published under Cement News

Shares of East African Portland Cement (EAPCC) have been suspended from trading on the Nairobi Stock Exchange for 60 days by the Capital Markets Authority, The Standard of Kenya reports. The suspension is to protect investors from the on-going boardroom dispute at the Kenyan cement producer which began on 23 December 2011 with the suspension of MD, Kepha Tande, and board members over allegations of malpractice. This resulted in a stand-off between EAPCC management and stuff and operations...