Cement News tagged under: Kenya
East African Portland Cement defaults on KCB Bank loan03 January 2020, Published under Cement NewsEast African Portland Cement Company (EAPCC) has defaulted on a KES263m (US$2.6m) loan it took from KCB Bank, prompting the lender to recall the credit facilities, reports PricewaterhouseCoopers (PwC). PwC's report relates to an audit of the cement manufacturer’s accounts for the year ended June 2019. "In the year under review, the entity defaulted on the contractual loan repayments to KCB Bank, totalling KES263m, prompting the lender to issue a demand notice dated 8 April 2019 for all it... |
Head of Savannah Cement named CEO of the year03 December 2019, Published under Cement NewsSavannah Cement’s Chief Executive Officer, Ronald Ndegwa, has been named CEO of the year by the Kenya Institute of Management. Mr Ndegwa dedicated the award to the company’s management, staff and customers, describing it as a tribute to their continued co-operation. "Sound management is a sum result of all the stakeholders who relate with Savannah Cement including the management team, staff and loyal customers," said Mr Ndegwa. "The award serves to rededicate our commitment to deliver to ... |
Mombasa Cement set to commission wind farm29 November 2019, Published under Cement NewsMombasa Cement will commission its new 36MW wind farm at Kilifi in December. The facility is composed of 12 wind turbines of 3MW each and will supply its 1.6Mta Athi River cement plant in Machakos County. The Kilifi wind farm is set up on a 1200h site owned by Mombasa Cement in Vipingo, a small coastal village located about 30km north of Mombasa. The company is also currently expanding the Vipingo clinker plant at a cost of KES7.5bn (US$74m). “The electricity produced will be evacuated by ... |
Mombasa Cement’s Vipingo plant wins energy-saving award18 November 2019, Published under Cement NewsMombasa Cement’s Vipingo facility has won Kenya’s national award as the best energy-saving company in the country, according to The Star. The plant has been able to save around KES121m (US$1.19m) in energy costs due to power-saving initiatives. Plant manager Koppal Chandrashekarial said they came up with ideas to save energy due to continued power shortages from Kenya Power and Lighting Co. At one time the plant lost power for 16 days, he added. 'There has been a lot of challenges, too muc... |
Bamburi Cement acts to protect market share24 October 2019, Published under Cement NewsKenyan cement production capacity is now estimated at 12Mt, according to industry leaders, while annual demand ranges between 5-6Mta. Cement prices are below levels recorded more than a decade ago, yet power prices have either climbed or remained flat. However, it has not stopped Bamburi Cement from trying to expand. Bamburi Cement (LafargeHolcim group) unveiled a KES3.5bn (US$33.9m) grinding plant at its Athi River facility in 2018 among other capacity enhancements, said managing dir... |
Bamburi to dispose of Shell waste oil30 September 2019, Published under Cement NewsKenya’s Bamburi Cement’s waste division, Geocycle and Vivo Energy Kenya have agreed to collect and safely dispose of waste oil from Shell service stations across the country and Vivo Energy’s commercial customers. The initiative will see waste oil co-processed in Bamburi Cement’s kilns. Around 20,000l of waste oil per month is currently being collected by Shell service stations across Kenya. The partnership with Geocycle will reduce the logistical challenges faced by Shell when collecting ... |
EAPCC dismisses all top managers24 September 2019, Published under Cement NewsEast African Portland Cement Co (EAPCC) has dismissed all of its top managers as part of a restructuring plan that will see the cement producer sell 2000 acres of prime but unused land in Mavoko, Machakos, Kenya, to boost its finances. A total of 136 supervisors and managers were issued with dismissal notices last week although it is expected to rehire some of them on 40 per cent of their previous pay. “We will give the affected workers first priority to re-apply for their positions under ... |
ARM and East Africa Portland's forced to cease production23 September 2019, Published under Cement NewsBoth ARM and East Africa Portland Cement are experiencing major operational challenges that have inhibited their ability to produce any cement. "ARM Cement and East African Portland Cement Company, are currently experiencing some problems that have led to ceasing of production," said Apex Capital. The court battle between Rai Cement and National Cement has stalled the sale of ARM and Stanic Bank has threatened to freeze worker's salaries. The administrators for ARM, PricewaterhouseCoopers ... |
Turbulent times for Africa?17 September 2019, Published under Cement NewsFor the cement sector, turmoil has probably come to a head in many parts of Africa. Cement demand has slowed or fallen back into the red in many African countries, while overcapacity and low utilisation rates are characteristic of many markets. However, much of this turmoil is self-inflicted. Tony Hadley provides an uncompromising assessment of the industry on the continent and examines the root causes of business failure in some key markets. By Tony Hadley African Advisory. A perfect... |
West Pokot cement plant faces further construction delays12 September 2019, Published under Cement NewsSimba Cement has come up against logistical difficulties in the construction of its West Pokot cement plant in Kenya. The project has been in planning for a decade and Simba Cement (National Cement - Devki Group) took over the project when it acquired the Indian company Cemtech Ltd earlier this year. The completion of the factory in Ortum is expected to be delayed by one year and Simba Cement intends to hold public consulations and forums with local residents about the process having receiv... |