Cement News tagged under: Kenya
Kenya cement prices seen rising on weak shilling09 June 2015, Published under Cement NewsCement prices in Kenya are likely to rise due to a weak shilling which manufacturers say has increased spending on imported equipment and inputs, local press report. Cliinker, coal and spare parts are the most affected due to high importation costs in the past two months. "In May alone we lost KES160m in foreign exchange loss during the purchase of equipment and inputs. We might adjust prices in June because we are losing a lot," National Cement managing director Narendra Raval told ... |
Savannah welcomes new presidential directive04 June 2015, Published under Cement NewsKenya's Savannah Cement has welcomed a presidential directive, seeking to ensure that public institutions source 40 per cent of their requirements from local manufacturers, saying that the move has the "capacity to accelerate the growth of local industries." Issued as part of President Uhuru Kenyatta's 52nd Madaraka Day national address, the directive is geared towards fostering a buy 'Kenya build Kenya' culture by all public sector institutions. President Kenyatta of Kenya said the govern... |
Double-digit growth in Kenyan demand and output28 April 2015, Published under Cement NewsKenya’s National Bureau of Statistics Data shows cement production stood at 5.88Mt in 2014, up 16.27 per cent from the 5.05Mt recorded a year earlier. Cement consumption in 2014 stood at 5.19Mt from 4.26Mt in 2013, rising by 22 per cent YoY. East African Portland Cement Co managing director, Kephar Tande, said the growth in demand of cement will continue due to the ongoing infrastructural projects. “Infrastructural projects have played a big part in the growth in demand of cement and will c... |
Bamburi upbeat on outlook14 April 2015, Published under Cement NewsKenya-based Bamburi Cement’s operating growth increased by 5.8 per cent last year to KES5.5bn (US$60m) and is upbeat on the outlook for both local and export sales. “We are very optimistic about market growth prospects in both our domestic and inland Africa export markets and are well positioned to benefit from them,” Bruno Pescheux, group managing director, told East African Business Week. “At the same time, a number of large infrastructure projects have been or are being launched in bo... |
Seruji Ltd acquires 60% stake in Savannah Cement30 March 2015, Published under Cement NewsThe Competition Authority of Kenya has approved the proposed acquisition of 60 per cent of the shareholding of Savannah Cement Ltd by Seruji Ltd, according to a Gazette notice dated 27 March 2015. Seruji Ltd spokesperson, Alfred Ng’ang’a, said the company has acquired the stake previously held by the pioneer Chinese investors of Savannah Cement . “Seruji Ltd has made a 60 per cent acquisition of the shares previously held by Savannah Cement’s international investors, for a publicly undiscl... |
ARM posts flat full-year pretax profit26 March 2015, Published under Cement NewsKenya's ARM Cement posted a pretax profit of KES2.02bn (US$22m) for 2014, up one per cent YoY. The cement maker, which also has operations in Tanzania, said its revenue for the period fell three per cent to KES13.74bn, mainly because there was no additional capacity expansion during the period, the firm said. In a statement, the firm predicted that this year would be better, with growth in turnover and profit. "The cement markets continue to grow at double digits with significant demand f... |
Bamburi Cement pretax profit grows by 5.5%06 March 2015, Published under Cement NewsBamburi Cement of Kenya yesterday announced a 5.5 per cent increase in pretax profit from KES5.5bn (US$1.8bn) to KES5.8bn in its full-year results for 2014. Group’s turnover increased by six per cent from KES34bn in 2013 to KES36bn mainly as a result of improved market conditions in Uganda, which is expected to continue into 2015. Commenting on the company’s results, the board stated: “We have made good progress by ratcheting up sales locally and within the region. In addition to improvi... |
East African Portland Cement posts pretax loss03 March 2015, Published under Cement NewsEast African Portland Cement Co (EAPCC) posted a first-half loss after a maintenance shutdown of its packing and clinker units. The company reported a pretax loss of KES124m (US$1.36m) for the six months to end of December, against a profit of KES171m in the same period in 2013. The firm, which also operates in Uganda, said it hopes to regain its market share in the industry after completing a plant refurbishment in the second quarter of this financial year. "Despite the growing competiti... |
Kenya: Pokot's power plant plans18 February 2015, Published under Cement NewsPokot Cement plans to construct a power plant to supply its upcoming cement works in Kenya as well as the national grid. Of the 64MW capacity, 50MW will be sold to the national grid, according to a report by 'The Star' (Kenya). "The power generated will enable us to operate effectively and minimise our costs of operations apart from supplying more electricity to the national power grid," Rajesh Rawal, chief executive of plant owner Cemtech told the daily. Cemtech, a subsidiary of India-... |
Kenya: Savannah Cement selects database management system15 January 2015, Published under Cement NewsKenya’s Savannah Cement Ltd has selected the SAP® ERP application powered by SAP HANA® to improve its operational reporting, real time planning and forecasting. Savannah Cement is one of the newest entrants into the cement market in Kenya, with a 1.5Mta cement plant strategically located near the capital Nairobi. "SAP HANA has changed our view of database management and greatly simplified tasks, giving our business a cutting-edge advantage and incomparable agility," said Brian Wamwenje, ... |