Cement News tagged under: Kenya

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Bamburi Cement to consider expansion despite macroeconomy

19 June 2023, Published under Cement News

Bamburi Cement PLC  ( Holcim group ) held its 72nd Annual General Meeting in Nairobi on 15 June, chaired by the Board and Management, which included Chairman Dr John Simba, Group Managing Director Mohit Kapoor, and Group Chief Financial Officer Eugene Antera.   According to Mr Kapoor, "Kenya's macroeconomic situation is challenging due to inflation, currency devaluation, an uncertain tax environment, and restricted liquidity.     “High power costs continue to be an issue and as a ...

Devki Group to boost clinker exports

09 June 2023, Published under Cement News

National Cement (Devki Group) has announced that it will export up to 80 per cent of the clinker it produces when its new West Pokot plant in Kenya starts production. This will see increased clinker supply to the neighbouring countries of Uganda, Rwanda and Burundi. Uganda's market is starved of clinker production with a capacity of just 1.86Mta, far below its nominal cement capacity of 7.13Mta, according to The Global Cement Report Plant Database (GCR PD). Rwanda's market is similarly defi...

New administrator for Savannah Cement announced

17 May 2023, Published under Cement News

Harveen Gadhoke of Adili Associates has been appointed to turn around impoverished Savannah Cement with the view of recovering KES10bn (US$72.8m) owed to KCB and Absa Bank Kenya. Savannah Cement has been in court for the past year, disputing the debt of over KES7bn owed to KCB Bank and over KES3bn owed to Absa Bank. The cement firm has been facing financial challenges for the past three years. It closed briefly in late 2021, forcing all employees to proceed on a 10-day break to pave th...

Kenyan clinker imports set for additional tax

09 May 2023, Published under Cement News

Kenyan producers of clinker are being boosted with the proposal to introduce a new tax as the State moves in to protect local industry. The export and investment promotion levy is a new tax that the William Ruto administration is seeking to impose on imported goods that can be made in Kenya to boost the local manufacturing industry. The Kenyan state government has, through the Finance Bill 2023, proposed the export and investment promotion levy rate on imported clinker at the rate of 10 p...

Savannah Cement Group sources funds for new clinker plant

19 April 2023, Published under Cement News

Savannah Clinker has received KES65bn (US$500m) to fund construction of a new clinker factory in Kenya. Savannah Clinker, an affiliate of Savannah Cement , said it raised the funds through a privately placed debt arrangement with the bond set to be listed at regulated international exchange. Savannah currently imports clinker as it does’t have a clinker plant. Savannah will build its clinker plant in Kitui County, as demand for cement surges due to a construction boom that has been boost...

Bamburi Cement to open a new shale quarry

03 April 2023, Published under Cement News

Kenya-based Bamburi Cement (part of Holcim )will be opening a new shale quarry in Kwale County to serve a new cement plant. The quarry is expected to supply around 20 per cent of the total resource material for the clinker production process. Bamburi plans to scale up its south coast business and establish a 5000tpd clinker plant, said the company’s former CEO, Seddig Hassani. The site is located on approximately 700 acres of land currently owned by local communities that are practicing...

Bamburi Cement announces new CEO

24 March 2023, Published under Cement News

Kenya's Bamburi Cement (part of the Holcim Group) has appointed Mohit Kapoor as its new chief executive officer, effective from 1 April 2023. Mr Kapoor replaces Seddiq Hassani who has left the company after five years at the helm, reports Business Daily Africa. Mr Kapoor has over 20 years’ experience in corporate leadership having held several high level management positions within the Holcim Group, including CEO of Holcim Qatar and head of growth and innovation at Holcim India.  Bam...

National Cement Co Ltd to open 2.5Mta clinker plant in Kenya

01 March 2023, Published under Cement News

Kenya-based National Cement Co Ltd (NCC) has announced it will open a new clinker plant in September 2023. Located in West Pokot, the new plant is expected to have a clinker capacity of 2.5Mta. NCC owner, Narendra Raval, has said following commissioning of the plant, the company will be one of the largest producers of clinker in Africa and plans to export clinker to countries in the region that have a deficit. The feasibility study for the project, commissioned in 2010 by the Kerio Vall...

Holcim and 14Trees delivers on 3D printed Kenyan houses

15 February 2023, Published under Cement News

Holcim has successfully completed the largest 3D-printed affordable housing to date through 14Trees, its joint venture with British International Investment, the UK’s Development Finance Institution (DFI) and impact investor. The 3D printing of 10 housing units in Kenya’s Mvule Gardens project was made possible with TectorPrint, Holcim’s proprietary, innovative and versatile 3D printing ink, produced in Kenya for the first time. The project’s advanced sustainability profile has attained a...

New target markets for East African Portland Cement Co

26 January 2023, Published under Cement News

Following its KES500m (US$4m) plant upgrade, The East African Portland Cement (EAPC) is planning to expand within the East African Community member countries and is targeting cement sales in Rwanda and DR Congo.  The Athi River-based cement processor has replaced   part of its kiln shell at its Athi River plant and is now producing its own clinker. In 2021 EAPC it announced a five year business modernisation and expansion plan to return to profitability. The firm’s CEO, Oliver Kir...