Cement News tagged under: Kenya
ARM Cement expected to sell shares in Mafikeng Cement10 April 2019, Published under Cement NewsARM Cement is expected to sell its 70 per cent stake in South African subsidiary Mafikeng Cement (Pty) Ltd. PriceWaterhouseCoopers, which is administering ARM Cement, has started preparations to dispose of the stake in Mafikeng Cement for KES300m (US$2.974m). The Mafikeng plant was to be established with a cement capacity of 1Mta and ARM Cement invested KES75m in the company to buy a controlling stake in 2010. The project includes mining rights to limestone reserves in the northwest of Sout... |
Simba Cement plans construction of new plant04 April 2019, Published under Cement NewsAfter receiving approval to acquire Cemtech Ltd , Tanzania’s Simba Cement has announced plans to construct the Ortum Cement project that Cemtech had struggled to get off the ground. The project in West Pokot County, Kenya, was due to start in 2010. However, due to the recent developments, work is now expected to begin within a year. Construction is scheduled to take 18 months to complete. Simba Cement is currently seeking an audience with the residents of Sebi, where the plant will be b... |
Simba Cement set to acquire Kenyan cement company22 March 2019, Published under Cement NewsSimba Cement, a subsidiary of Devki Group, has received approval from the Competition Authority of Kenya for the 100 per cent acquisition of West Pokot-based Cemtech Ltd, according to Business Daily Africa. "We are still negotiating with Cemtech and we hope to close the deal soon. We are eager to venture into West Pokot to change its perception and the lives of its people for the better," said Narendra Raval, founder and chairman of Devki Group. The merged entity is expected to have a ... |
East African Portland Cement lose Athi River land decision15 March 2019, Published under Cement NewsEast African Portland Cement (EAPC) has lost to a government decision on ownership of a plot of land in Athi River, Kenya. State-owned Kenya Railways plan to construct a container terminus on the land, despite EAPC and local residents, known as the Aimi Ma Lukenya Society, having also claimed to own the disputed land. Speaking at Kibini hill in Kajiado East last week, Trade Cabinet Secretary Peter Munya confirmed that there is a deal for the land to be sold to Kenya Railways. "We have ... |
Kenya's cement consumption drops to 5.49Mt in 201813 March 2019, Published under Cement NewsKenya's cement consumption dropped for the second year in a row to 5.49Mt n 2018, according to Kenya National Bureau of Statistics (KNBS). The decline in cement consumption comes despite ongoing public infrastructure projects such as roads and phase two of the Standard Gauge Railway (SGR) as well as continued development of buildings in the country. Last year's reduced consumption forced cement producers to cut production by 8.6 per cent to 5.63Mt from a high of 6.7Mt in 2016. "The firs... |
LafargeHolcim04 March 2019, Published under Cement NewsLafargeHolcim’s Indian subsidiary ACC Ltd reported an 8.5 per cent rise in cement deliveries in 2018 to 28.4Mt and in the fourth quarter the advance was 8.7 per cent to 7.5Mt. Cement capacity increased by 5.9Mta thanks to a new greenfield operation in Madhya Pradesh and a new grinding plant in Uttar Pradesh as well as expansions to the plants in Tikaria and Sindri. Ready-mixed concrete deliveries improved by 16.6 per cent to 3.16Mt in the year, helped by the commissioning of 18 new plants du... |
EAPC sees 6M loss widen in 201801 March 2019, Published under Cement NewsKenyan cement producer East African Portland Cement reported a KES1.2bn (US$12m) loss for the half-year ending 31 December 2018, compared with a KES970m loss in the prior-year period. Sales revenue fell by 55 per cent to KES1.3bn. The company attributed the widening loss to a difficult business environment with increasing input prices, the sluggish market and challenges in its production due to a tight working capital. |
ARM and EAPC risk sanctions due to royalty arrears12 February 2019, Published under Cement NewsAthi 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 Cement31 January 2019, Published under Cement NewsDangote 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 1QFY1930 January 2019, Published under Cement NewsThe 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... |