Cement News tagged under: Kenya
ARM Cement denies pollution claims08 August 2013, Published under Cement NewsARM Cement has denied claims of causing environmental pollution in the Kenyan coastal town of Kilifi, saying that its operations meet international practices and standards. CEO Pradeep Paunrana assured the residents living within the cement maker’s proximity that they are not exposed to pollution caused by cement manufacturing from its process. “Operations are pollution-free within and without the factory and we challenge anybody of contrary opinion to prove us wrong on this,” he said, add... |
ARM's 1H13 pretax profit rises 28%, Kenya10 July 2013, Published under Cement NewsAn increase in sales has helped ARM Cement, Kenya's second-largest cement producer, to achieve a double-digit rise in pretax profit. Pretax profit for the six months ended June jumped to KES1bn (US$11.51m), a rise of 28 per cent YoY, the company said in a statement. Cement sales rose by 28 per cent YoY in the reporting period. The company, which operates a 0.75Mta clinker plant at Kaloeni, near Mombasa, and a 1Mta grinding works in Athi River, has a total grinding capacity of 1Mta. It... |
Athi River calls for use of locally-manufactured product01 July 2013, Published under Cement NewsAthi River Mining Tanzania Ltd is seeking the government’s intervention to stop sub-standard imports entering the local market. Concerns have been raised recently over the quality of imports into the East Africa region amidst claims that some manufacturers are using local agents that are unqualified leading to sub-standard products. Calls have been made for all cement imports to be subject to the same technical standards and regulations as local cement. Rick Ashley, chairman of ARM Cem... |
Kenya: confidence running high for East African Portland Cement10 June 2013, Published under Cement NewsInvestors in East African Portland Cement Company saw the cement manufacturer’s share price rally to a 12-month high at the end of trading on Friday. Shareholders hope that the company will post a profit in the full-year period ending 31June. Local analysts confirm that confidence is returning and investors can expect the cement maker to post a profit in the full-year period, having previously been in the loss-making territory. “There’s expectation of good performance and better turnover ... |
ARM Cement boosted by higher sales21 March 2013, Published under Cement NewsARM Cement, Kenya's second-largest producer, has reported an eight per cent advance in 2012 net profit and says it expects improved profitability on the back of new capacity. Formerly known as Athi River Mining, the company said in a statement that net income advanced to KES1.25bn (US$14.6m) in the first 12 months of December. Cement sales rose 64 per cent after its market share increased in Kenya, Rwanda and Tanzania. That helped turnover increase by 39 per cent to KES11.4bn. For the f... |
Bamburi Cement 2012 pretax profit down 15%01 March 2013, Published under Cement NewsBamburi Cement has reported a 15 per cent decline in pretax profit for full year 2012 to KES7.17bn (US$83m) as it is impacted by lower gains on its foreign currency holdings, Reuters has reported. Bamburi Cement, which is part of the Lafarge group, said turnover edged up four per cent to KES37.bn but higher costs drove operating down 14 per cent. "The group anticipates underlying cement demand to continue growing in the region despite a slow start in Kenya influenced by the election pe... |
East African Portland Cement eyes expansion26 February 2013, Published under Cement NewsKenya’s East African Portland Cement Co (EAPCC) is exploring the option of expanding its operations both at home and in neighbouring Tanzania, according to reports by Reuters. “We are now discussing the financing of these projects,” Reuters quoted managing director, Kephar Tande as saying. Cost cutting measures and improved cement sales helped EAPCC post a profit for the first six months of last year. EAPCC made a pretax profit of KES376.27m (US$4.3m) for the six months ended December, co... |
Hima Cement to curb emissions, Uganda04 February 2013, Published under Cement NewsHima Cement Factory is about to embark on an environmental upgrade to improve emissions at its plant in Kasese district, Uganda. The cement producer is to begin a project in the next few months to curb emissions, according to reports in the Daily Monitor, following concerns by locals over the effect on the surrounding areas and nearby residents, However, David Njoroge, general manager of the Kasese factory, said the plant is to install a bag filter that will significantly reduce the em... |
Kenya set to see decline in 2012 consumption31 January 2013, Published under Cement NewsKenyan cement consumption is set to register the first decline in three years. Provisional data for 2012 from the Kenya National Bureau of Statistics shows that consumption is unlikely to go over the 3Mt mark surpassed in the previous two years. Over the first 11 months of 2012, demand reached 2.6Mt compared to 3.4Mt in full-year 2011 and 3.1Mt in 2010. On the positive side, consumption in November 2012 saw a MoM gain of six per cent to 337,096t from 318,016t in October 2012. Cement produ... |
Kenya: Cemtech gains cement plant licences30 January 2013, Published under Cement NewsThe government has granted all required licences for the construction of the KES12bn (US$136.9m) Pokot Cement Factory. Rajesh Rawal, Cemtech Sanghi's Group director, said it has taken more than two years for the company to be granted the licenses. He said the company is now ready to begin the project which is scheduled to be completed by end of 2014 or early 2015. "What we will set up is factory that has capacity to produce more than 1.2Mta of cement for at least 50 years," he said. The f... |