Cement News tagged under: Kenya

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Devki Group's Narendra Raval donates KES100m for oxygen

03 April 2020, Published under Cement News

Kenyan cement and steel businessman, Narendra Raval, CEO of the Devki Group, has donated KES100m to supply oxygen to government hospitals in the fight against COVID-19.  The COVID-19 outbreak has already killed 110 people in Kenya. "I hereby confirm the pledge to donate oxygen worth KES100m to all government hospitals throughout the country. Oxygen will be collected from our Mombasa, Ruiru, and Athi River Devki Steel Mills Ltd Factories in exchange of empty cylinders," he said in a letter...

Kenyan producers oppose National Cement's call for clinker import duty rise

06 March 2020, Published under Cement News

National Cement Co of Kenya has struck out on its own in asking for an increase on clinker import duty from 10 to 25 per cent. Bamburi Cement, East Africa Portland Cement VCO and Savannah Cement have oppossed the increase suggested by National Cement Chairman, Narendra Raval, at a meeting in Nairobi with the Kenyan Association of Manufacturers (KAM). However, the association the manufacturers to provide data on their grinding and clinker installed capacity, clinker demand and the capacity ...

East African Portland Cement announces 8% revenue increase

27 February 2020, Published under Cement News

Kenya’s East African Portland Cement has reported a KES1.63bn (US$16.1m) net loss in the first half of the financial year, ending 31 December 2019. This is largely consistent with the KES1.62bn net loss seen in the 1HFY18-19. However, the company’s revenue increased eight per cent to KES1.48bn, compared with KES1.37bn in the corresponding period of the previous year.

National Cement Co launches new 0.75Mta plant in Kenya

29 January 2020, Published under Cement News

Kenya’s National Cement Co (Devki Group) has launched a new 0.75Mta facility in Salgaa, Nakuru County, representing an investment of around KES5.8bn (US$57.5m). The plant will manufacture the company’s Simba Cement product and is expected to generate 700 jobs. Narendra Raval, chairman of Devki Group, has stated that National Cement’s overall production capacity will rise from 2Mta to 3.5Mta by July following ongoing expansion projects, which includes a 0.75Mta brownfield expansion to the...

East African Portland Cement defaults on KCB Bank loan

03 January 2020, Published under Cement News

East African Portland Cement Company (EAPCC) has defaulted on a KES263m (US$2.6m) loan it took from KCB Bank, prompting the lender to recall the credit facilities, reports PricewaterhouseCoopers (PwC). PwC's report relates to an audit of the cement manufacturer’s accounts for the year ended June 2019. "In the year under review, the entity defaulted on the contractual loan repayments to KCB Bank, totalling KES263m, prompting the lender to issue a demand notice dated 8 April 2019 for all it...

Head of Savannah Cement named CEO of the year

03 December 2019, Published under Cement News

Savannah Cement’s Chief Executive Officer, Ronald Ndegwa, has been named CEO of the year by the Kenya Institute of Management. Mr Ndegwa dedicated the award to the company’s management, staff and customers, describing it as a tribute to their continued co-operation. "Sound management is a sum result of all the stakeholders who relate with Savannah Cement including the management team, staff and loyal customers," said Mr Ndegwa. "The award serves to rededicate our commitment to deliver to ...

Mombasa Cement set to commission wind farm

29 November 2019, Published under Cement News

Mombasa Cement will commission its new 36MW wind farm at Kilifi in December. The facility is composed of 12 wind turbines of 3MW each and will supply its 1.6Mta Athi River cement plant in Machakos County. The Kilifi wind farm is set up on a 1200h site owned by Mombasa Cement in Vipingo, a small coastal village located about 30km north of Mombasa. The company is also currently expanding the Vipingo clinker plant at a cost of KES7.5bn (US$74m). “The electricity produced will be evacuated by ...

Mombasa Cement’s Vipingo plant wins energy-saving award

18 November 2019, Published under Cement News

Mombasa Cement’s Vipingo facility has won Kenya’s national award as the best energy-saving company in the country, according to The Star. The plant has been able to save around KES121m (US$1.19m) in energy costs due to power-saving initiatives. Plant manager Koppal Chandrashekarial said they came up with ideas to save energy due to continued power shortages from Kenya Power and Lighting Co. At one time the plant lost power for 16 days, he added. 'There has been a lot of challenges, too muc...

Bamburi Cement acts to protect market share

24 October 2019, Published under Cement News

Kenyan cement production capacity is now estimated at 12Mt, according to industry leaders, while annual demand ranges between 5-6Mta. Cement prices are below levels recorded more than a decade ago, yet power prices have either climbed or remained flat. However, it has not stopped Bamburi Cement from trying to expand. Bamburi Cement (LafargeHolcim group) unveiled a KES3.5bn (US$33.9m) grinding plant at its Athi River facility in 2018 among other capacity enhancements, said managing dir...

Bamburi to dispose of Shell waste oil

30 September 2019, Published under Cement News

Kenya’s Bamburi Cement’s waste division, Geocycle and Vivo Energy Kenya have agreed to collect and safely dispose of waste oil from Shell service stations across the country and Vivo Energy’s commercial customers. The initiative will see waste oil co-processed in Bamburi Cement’s kilns. Around 20,000l of waste oil per month is currently being collected by Shell service stations across Kenya. The partnership with Geocycle will reduce the logistical challenges faced by Shell when collecting ...