Cement News tagged under: National Cement Company Ltd
Ethiopia starts online cement sales14 July 2020, Published under Cement NewsCement customers in Ethiopia can now gain access to buying cement online with the start-up of Dumbulo Shopping Solutions. The online shopping platform founded by Dr Gemechu Waktola will boost cement sales in the region around Addis Ababa. The company has entered into an agreement with National Cement, which has a central cement warehouse in Addis Ababa, and is in discussions with other cement producers. "Big investment projects and government infrastructure development projects can dir... |
National Cement continues to plot a successful course in east Africa25 January 2019, Published under Cement NewsThis week, China's Sinoma Energy Conservation announced that it has a contract with National Cement Co Ltd (Devki Group) to build a new waste-heat power project at its Athi River cement plant. The leading east African cement producer will provide a KES25.5bn (US$251m) investment for Sinoma to provide power for its Athi cement plant as well as a power unit for its raw steel processing factory in Mombasa. "The total installed capacity of the two projects is 53.5MW… The project (over a pe... |
UAE: National Cement nine-month net profit up 2% YoY13 November 2014, Published under Cement NewsUAE-based producer National Cement Company said on Wednesday its net profit for the first nine months of 2014 rose 1.97 per cent to AED77.5m (US$21.1m) from AED76m in the corresponding period of 2013. Earnings per share (EPS) stood at AED 0.22, compared with AED 0.21. Revenue of the building materials producer fell to AED161.9m from AED174m. |
Kenya National Cement Co to expand with IFC finance11 August 2014, Published under Cement NewsThe IFC is providing up to US$70m to Kenya's National Cement Company Ltd (KNCC) to expand the cement producer's operations, increase the local cement supply and promote infrastructure development in Africa. IFC will provide up to US$55m in debt. In addition, IFC and the IFC African, Latin American and Caribbean Fund will inject US$15m equity into National Cement and will have a seat on the company’s board, said the IFC in a statement. The project marks IFC’s largest investment in building... |
National Cement Co to receive IFC cash injection24 July 2014, Published under Cement NewsKenya-based National Cement Co Ltd (NCCL), a member of the Devki Group of Companies, is to receive a KES5.9m (US$70m) cash injection from the International Finance Corp (IFC) to fund its two-phase expansion project. Under the agreement, the IFC will provide US$55m in debt. In addition, IFC and the IFC African, Latin American and Caribbean Fund, will inject US$15m in equity into National Cement and will have a seat on the company’s board. The equity injection will see National Cement un... |
Page
1
of
1
1