Cement News tagged under: Kenya
African cement escapes the pandemic; structural issues remain05 June 2020, Published under Cement NewsCemtech's latest webinar discussed Africa's cement sector and the impact of COVID-19 on the continent. Tony Hadley of consultancy THAA, and Erkam Kocakerim, CEO of Limak Afrika SA, covered several areas of concern from the impact of the COVID-19 pandemic on economies and cement demand to overcapacity and competition issues, while also providing a long-term outlook for the continent. Thomas Armstrong, Managing Editor of International Cement Review, opened the webinar with an overview of the ... |
East African Portland Cement Co offers early retirement01 June 2020, Published under Cement NewsTo avoid total collapse, Kenya’s East African Portland Cement Co (EAPCC) is offering voluntary early retirement for its 800 employees, reports The East African. EAPCC Acting Managing Director, Stephen Nthei, said the programme is a one-time event open to all employees. Through the programme, the company hopes to achieve sustainable operational costs at a time when the company is struggling to remain afloat amidst mounting losses and declining cement sales. “The industry has witnessed a s... |
Huaxin Cement acquires ARM Cement's Tanzanian unit20 May 2020, Published under Cement NewsThe Tanzanian unit of Kenya's ARM Cement has been sold to China's Huaxin Cement, according to its administrator PricewaterhouseCoopers. Huaxin is expected to invest US$116m into Maweni Limestone Ltd to settle liabilities and another US$30m to complete a plant construction and upgrade. "Securing a suitable investor with the ability to make the requisite investments and inject much-needed capital to boost Maweni's operations [...] was a top priority [...] given Maweni's dire financial si... |
Bamburi sees 37% drop in net profit in 201911 May 2020, Published under Cement NewsKenya-based Bamburi Cement has posted a 37 per cent YoY fall in net profit in 2019. Net profit declined to KES359m (US$3.39m) from KES572m in 2018. The company attributed the decrease in profit to reduced domestic cement consumption, low prices and an inability to access the Rwandan market due to the closure of the border with Uganda, denying its Uganda subsidiary Hima Cement access to the Rwandan market early last year. Bamburi’s revenues slipped by 1.2 per cent to KES36.79bn in 2019 fro... |
Dal Machinery & Design deliver three kiln shells to Twiga Cement06 May 2020, Published under Cement NewsDal Machinery & Design (Dal Engineering Group) has delivered three rotary kiln shells for Tanzania Portland Cement Public Ltd (Twiga), Tanzania. The kiln shells were manufactured with a diameter of 3.95m and were delivered to the HeidelbergCement subsidiary on 23 April 2020. Lorries take the kiln parts on the first part of their journey One of the kiln shell sections leaves Dal Machinery & Design, headed for Tanzania |
Kenya's cement consumption recovers in January29 April 2020, Published under Cement NewsKenyan cement consumption reached a 17-month-high in January 2020, according to the Kenya National Bureau of Statistics (KNBS). Demand hit 528,904t during the month and marked the second straight month of recovery. The last time consumption was above this level was in August 2018 at 531,119t. The recovery is expected to relieve pressure on cement producers in the country which has seen new capacity come onstream despite declining demand. Bamburi Cement’s Managing Director, Seddiq Hassa... |
Devki Group's Narendra Raval donates KES100m for oxygen03 April 2020, Published under Cement NewsKenyan cement and steel businessman, Narendra Raval, CEO of the Devki Group, has donated KES100m to supply oxygen to government hospitals in the fight against COVID-19. The COVID-19 outbreak has already killed 110 people in Kenya. "I hereby confirm the pledge to donate oxygen worth KES100m to all government hospitals throughout the country. Oxygen will be collected from our Mombasa, Ruiru, and Athi River Devki Steel Mills Ltd Factories in exchange of empty cylinders," he said in a letter... |
Kenyan producers oppose National Cement's call for clinker import duty rise06 March 2020, Published under Cement NewsNational Cement Co of Kenya has struck out on its own in asking for an increase on clinker import duty from 10 to 25 per cent. Bamburi Cement, East Africa Portland Cement VCO and Savannah Cement have oppossed the increase suggested by National Cement Chairman, Narendra Raval, at a meeting in Nairobi with the Kenyan Association of Manufacturers (KAM). However, the association the manufacturers to provide data on their grinding and clinker installed capacity, clinker demand and the capacity ... |
East African Portland Cement announces 8% revenue increase27 February 2020, Published under Cement NewsKenya’s East African Portland Cement has reported a KES1.63bn (US$16.1m) net loss in the first half of the financial year, ending 31 December 2019. This is largely consistent with the KES1.62bn net loss seen in the 1HFY18-19. However, the company’s revenue increased eight per cent to KES1.48bn, compared with KES1.37bn in the corresponding period of the previous year. |
National Cement Co launches new 0.75Mta plant in Kenya29 January 2020, Published under Cement NewsKenya’s National Cement Co (Devki Group) has launched a new 0.75Mta facility in Salgaa, Nakuru County, representing an investment of around KES5.8bn (US$57.5m). The plant will manufacture the company’s Simba Cement product and is expected to generate 700 jobs. Narendra Raval, chairman of Devki Group, has stated that National Cement’s overall production capacity will rise from 2Mta to 3.5Mta by July following ongoing expansion projects, which includes a 0.75Mta brownfield expansion to the... |