Cement News tagged under: Kenya

RSS feed

Devki Group to switch to self-power generation by 2023

08 September 2021, Published under Cement News

Devki Group is planning to generate its own power by 2023 as the high cost of power is seen by the company as the biggest threat to Kenya’s manufacturing sector. Narendra Raval, Devki Group founder, said the decision to self-generate the company’s own power became clearer after Kenya Power demanded KES2.8bn (US$24.4m) to connect electricity to the Emali clinker factory. The company will start with a 64MW power plant in the Pokot region as it commences construction on on the Pokot cemen...

Bamburi Cement lands government infrastructure deals

06 September 2021, Published under Cement News

Bamburi Cement has secured lucrative government contracts for the supply of cement for key infrastructure projects in the region as part of efforts to staying afloat in a competitive cement market that has seen its net profit drop by 80 per cent in five years. The East African reports that Bamburi (Holcim group) has won tenders to supply cement key government infrastructure projects in Kenya, including Thwake dam, Nairobi Expressway, Dongu Kundu bypass, Lamu port, Lamu Port-South Sudan...

Bamburi Cement records 21% climb in turnover

30 August 2021, Published under Cement News

Kenya's Bamburi Cement has recorded a 21 per cent YoY growth in turnover to KES19.6bn (US$178.45m) for the first half of 2021, compared with KES16.2bn in the 1H20. Pre-tax profit also surged to KES1.1bn from KES213m. The company attributed the results to a recovery of the cement market, with domestic and export volumes rising while demand for premium cement products also increased. "The past year has been a learning curve that has enabled us to evolve towards more modern business practic...

Kenya consumption up 27% in 5M21

23 August 2021, Published under Cement News

Cement consumption in Kenya advanced 26.6 per cent YoY to 3.35Mt in the January-May 2021 period when compared with 2.64Mt in the 5M20, according to the Kenya National Bureau of Statistics. The increase was supported by ongoing infrastructure projects such as the Nairobi Expressway and higher activity in the real estate market. Output from domestic producers increased by 27.3 per cent to 3.38Mt in the 5M21 from 2.65Mt in the 5M20. “Cement production has been strong, aligned with consumpti...

Bamburi Cement Ltd changes to Bamburi Cement PLC

03 August 2021, Published under Cement News

Kenya-based Bamburi Cement Ltd has changed its name to Bamburi Cement PLC in compliance with the Companies Act 2015 following shareholders’ approval on 10 June 2021. The name change follows registration of the new name in line with provisions of the Section 53 of the Companies Act 2015, that requires companies that are both a limited company and a public company to be registered with a name that ends with 'public limited company' or the abbreviation 'plc'. 'The change of name applies only...

JK White Cement installs plant in Kenya

22 July 2021, Published under Cement News

JK White Cement has installed a cement plant in Athi River, Kenya, to manufacture white cement, wall putty, plasters and tile adhesives. The company had been importing the product from the UAE in partnership with Plascon, but the local plant should offer it a competitive edge in the market. The unit launched operations in May and is reportedly part of plans to expand into regional African markets through Kenya and South Africa. While its plans to move into South Africa were delayed due t...

Four Kenyan producers opposed to review on clinker imports

06 April 2021, Published under Cement News

Four Kenyan cement manufacturers have requested for an urgent meeting with the national treasury over a proposal to review the Common External Tariff (CET) on imported clinker. The Kenya Association of Manufacturers (KAM) has proposed that CET on imported clinker be reviewed from the current 10 to 25 per cent on imported clinker or a complete ban of importation to protect local manufacturers. KAM argues that the move will promote the manufacturing sector and create jobs. However, Bambu...

EAPCC sees revenue down 6%

26 February 2021, Published under Cement News

Kenya’s East African Portland Cement (EAPCC) has posted a KES1.035bn (US$9.425m) net loss for the half-year ended on 31 December 2020. The loss was still a 34 per cent improvement from the KES1.575bn loss recorded in the year-ago period. The company’s revenue fell by 6.3 per cent YoY to KES1.39bn from KSh1.48bn in the 1HFY19-20, on the back of a slowdown in the real estate and construction industry. EAPCC is also expected to end its corporate loan facility to cut high finance costs thr...

EAPCC appoints new managing director

12 February 2021, Published under Cement News

Kenya’s East African Portland Cement Co (EAPCC) has appointed Daniel Kiprono as its new managing director, with effect from 8 February. Mr Kiprono replaces acting managing director, Stephen Nthei, who had been in the role for 18 months.

EAPCC reports net loss for FY19-20

02 November 2020, Published under Cement News

Kenya-based East African Portland Cement Co (EAPCC) has reported a net loss of KES2.77bn (US$25.46m) for the year ending 30 June 2020, an improvement compared to the KES3.36bn loss in the previous fiscal year. Revenue for the year declined 13 per cent YoY to KES2.47bn from KES2.85bn. "Revenue for the year declined by 13 per cent owing to the increased competition that created a downward pressure on retail prices," said the company. EAPCC offered its employees a voluntary retirement progr...