Cement News tagged under: Kenya
Savannah Cement sells 60% stake to Barak Asset Recovery12 January 2023, Published under Cement NewsMauritius-based Barak Asset Recovery has been given the green light by regulators to acquire a 60 per cent stake in Savannah Cement from Seruji Ltd . With one plant in Athi River , Nairobi, Savannah Cement began operations in 2012 and quickly gained a 15 per cent share of the Kenyan cement market. However, in recent years its market share slipped to 10 per cent with two lenders, banks KCB and Absa, seeking to liquidate the firm’s assets after Savannah defaulted on loan payments, repor... |
Kenyan cement consumption falls 15% YoY04 January 2023, Published under Cement NewsCement consumption in Kenya declined from 2.596Mt in the third quarter of 2021 to 2.217Mt in the same period this year, marking a contraction of 14.6 per cent YoY. Cement production over the same period fell from 2.64Mt in the 3Q21 to 2.302Mt. The drop mirrors the downward trend seen in the country’s construction sector, which reported growth of 4.3 per cent in the 9M22, compared to an advance of 6.7 per cent in the same period a year earlier, according to Business Daily. The data, pro... |
Savannah Cement places order with Sinoma for new Kenyan plant02 December 2022, Published under Cement NewsSavannah Cement has placed an EPC order with Sinoma International Engineering for a new US$300m cement plant in Kenya. Sinoma will construct a clinker line with an output of 8000tpd, a cement grinding unit, and a packaging and forwarding system with an output of 100tph, as well as a supporting power station in Kitui, east of the capital Nairobi, reports Yicai Global. The company will provide a full range of services from engineering design, equipment procurement and supply, civil const... |
Bamburi Cement forecast to see 25% drop in earnings29 November 2022, Published under Cement NewsBamburi Cement is expected to post net earnings for FY2022 down by at least 25 per cent compared to FY21, according to Reuters News. The loss in earnings is being attributed to slowing demand for cement, rising energy costs and increasing raw material costs. |
Bamburi Cement celebrates eco-friendly certification21 November 2022, Published under Cement NewsBamburi Cement Kenya has secured an eco-friendly cement range certification for its four brands after achieving 30 per cent lower carbon dioxide (CO2). Speaking at the launch of the certification, Bamburi Cement Managing Director, Seddiq Hassani, called the accreditation a milestone for the company in establishing its efforts towards the global climate change obligations of net zero emissions. “At Bamburi, we will continue to pioneer carbon footprint reporting and transparency within ou... |
East African Portland Cement launches Green Triangle Cement02 November 2022, Published under Cement NewsEast African Portland Cement Plc (EAP) has launched a new product named Green Triangle Cement that is aimed at minimising the cement manufacturer’s carbon emissions. Green Triangle Cement has already received the go ahead from the Kenya Bureau of Standards under the strength standardisation category of 22.5 even though the company has boosted its strength to over 27 to enable its application in a wider variety of construction projects. The new product aims at providing an alternativ... |
Dangote revives plans to open Kenyan factories26 September 2022, Published under Cement NewsWhile attending the inauguration of Kenya’s fifth President Dr William Ruto, Aliko Dangote revealed that he wants to revive plans for two new cement plants for Dangote Group in Kenya. The two cement plants would have a combined capacity of 1.5Mta. Earlier in 2017, Aliko Dangote registered two companies, Dangote Cement and Dangote Quarries Kenya Ltd, in Kenya with operations in Nairobi and Mombasa. Dangote has 90 per cent share owership in these companies with 10 per cent held by local s... |
East African Portland Cement Co restarts plant after kiln shell upgrade26 September 2022, Published under Cement NewsEast African Portland Cement Company (EAPCC), part of Holcim, has restarted its 1.4Mta Athi River cement plant after replacement of a faulty kiln shell. According to the company,16m of damaged kiln shell has been replaced with a new section, at a cost of KES500m (US$4.12m). Oliver Kirubai, managing director of EAPCC, said that the upgrade is in line with the company’s recently-launched five-year strategic plan, which aims to put EAPCC back onto a profitable path. "We have already sta... |
Kenyan cement consumption grows by 18% in 1H2222 September 2022, Published under Cement NewsKenyan cement consumption grew 18 per cent in the half year ended June, driven by increased construction activities in the private sector that defied a surge in cement prices, according to Kenya National Bureau of Statistics (KNBS). KNBS reports that 4.97Mt of cement were used in the six months from 4.06Mt consumed in a similar period last year. This was achieved despite a sharp rise in the retail price of a 50kg bag of cement which has risen by KES300 (US$2.48) since March on rising cost... |
East African Portland Cement sells land plots to squatters31 August 2022, Published under Cement NewsEast African Portland Cement (EAPCC) has started a process of selling land parcels to squatters who have been living on its Athi River property. The cement maker has made an offer to the squatters to pay KES100,000 (US$832.6) for a beacon certificate and another KES500,000 within a year to purchase a plot of land measuring 40ft by 80ft (12 x 24m). The cash-strapped firm has commenced the land sale and regularisation process of three parcels measuring 709 acres (287ha). The EAPCC’s sale ... |