Cement News tagged under: Kenya

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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 ...

Dangote Cement

31 January 2019, Published under Cement News

Dangote has placed several orders with the Aumund Group for its projects in Nigeria and Senegal. For the Obajana Line 5 and Okpella plants in Nigeria, both 6000tpd, Aumund is supplying a total of six belt bucket elevators and four pan conveyors. In addition, Schade Lagertechnik, also part of the Aumund Group, will supply two stackers, two portal reclaimers and additional stockyard equipment. Aumund Beijing has also received orders from Dangote for the cement producer’s Apapa project and its ...

Pakistan's cement sector contracts by 1% in 1QFY19

30 January 2019, Published under Cement News

The State Bank of Pakistan on Tuesday released its first quarterly report on the State of Pakistan’s economy for FY19. According to the report, the overall macroeconomic environment remained challenging during the first quarter of FY19 as suggested by the preliminary data. It pointed out that the 6.2 per cent target for real GDP growth seems unachievable with the policy focus now tilted towards macroeconomic stabilisation.  The cement sector's output contracted by 1.4 per cent in 1QFY19 a...

National Cement continues to plot a successful course in east Africa

25 January 2019, Published under Cement News

This week, China's Sinoma Energy Conservation announced that it has a contract with National Cement Co Ltd (Devki Group) to build a new waste-heat power project at its Athi River cement plant. The leading east African cement producer will provide a KES25.5bn (US$251m) investment for Sinoma to provide power for its Athi cement plant as well as a power unit for its raw steel processing factory in Mombasa. 

 "The total installed capacity of the two projects is 53.5MW… The project (over a pe...

EAPCC denies reports of potential acquisition

22 January 2019, Published under Cement News

Kenya’s East African Portland Cement Co (EAPCC) has denied recent reports that it was in early-stage talks with LafargeHolcim about a potential acquisition. "It has never featured in any board discussions," said the company’s head of financial management, Stephen Nthei, in an interview with Bloomberg. "I don’t think it’s a considerable move given the current shareholding structure." Lafarge currently holds a 41.7 per cent stake in EAPCC. However, the majority shareholders are the Kenyan g...

Sinoma Energy to supply Athi River plant

22 January 2019, Published under Cement News

China’s Sinoma Energy Conservation has signed a KES25.5bn (US$251m) deal to power Devki Group’s Athi River cement plant and its Mombasa-based raw steel processor. Sinoma announced in regulatory filings last week that the kiln waste-heat project at the new Athi River plant and the other to power the steel plant in Kilifi will be built over a period of 20 months to produce a combined 53.5MW.

Work on West Pokot facility set to begin

18 January 2019, Published under Cement News

Cemtech Ltd, a subsidiary of India’s Sanghi Group, has moved construction machinery to begin work on its proposed facility in West Pokot, Kenya, by the end of this month. "We start construction in January now that we have been granted all the required 65 licences and consents," said Rajesh Rawal, Cemtech CEO. "We are deploying a plant that will make cement at the least possible cost and allows us to price our product competitively." The receipt of the approvals means that phase one of the...

Kenya's cement consumption drops by 15% in 9M18

15 January 2019, Published under Cement News

Kenya is stuck in a spiral decline of cement demand with sales continuing to plumit in the first 9M18. According to official data the country's cement consumption fell by 113,096t to 4.13Mt in the first 9M18, compared to 4.24Mt in the first 9M17. Narendra Raval, chairman of Devki Cement group, said: "Cement sales are down 15 per cent." There are various reasons for the decline including a wave of countrywide demolitions that have discouraged new investment. "The main reason is people are...

LafargeHolcim

03 January 2019, Published under Cement News

The 39.9 per cent-owned LafargeHolcim associate Huaxin Cement is investing US$245m in a contract to build a new production line for Holcim Philippines at the latter’s Davao works. The project includes a 6000tpd clinker production line, a waste heat recovery unit as well as upgrades to an existing 3000tpd production line. Meanwhile, the group's subsidiary Bamburi Cement, which operates in Kenya and Uganda, is expecting its net profit to fall by more than 25 per cent to its lowest level in ...

Bidders for ARM urged to formalise bids by end of January

02 January 2019, Published under Cement News

ARM Cement's administrators, PriceWaterhouse Coopers have completed a transaction timetable that will see bidders need to make their bids for the stricken Kenyan Cement producer by the end of January 2019. ARM Cement is reported to be KES10.2bn (US$100.1m) in debt, said Business Daily. ARM's creditors will review the terms of the best offer, negotiate with the investor and complete the transaction.