Cement News tagged under: National Cement

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National Cement continues to plot a successful course in east Africa

28 January 2019, Published under Cement News

This 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...

Kenyan President Kenyatta inaugurates US$280m clinker plant

09 February 2018, Published under Cement News

Kenya’s President Uhuru Kenyatta inaugurated a new cement clinker plant on 7 February. National Cement Co invested US$280m in the 1.2Mta clinker plant as well as a 15MW power plant, located between Merrueshi and Mbirikani, Kajiado County, south of Kenya’s capital, Nairobi. Mr Kenyatta said: “These jobs will teach our young people vital skills. These jobs will build the economy of this county. And these jobs that will have a multiplier effect right across the country.” He highligh...

National Cement posts net loss in 1HFY18

31 January 2018, Published under Cement News

National Cement has announced that its losses increased during the first half of FY18, ended December 2017. The loss increased by 136.7 per cent, to EGP496m (US$28m) from EGP209 of the year-ago period, according to Egypt Today. The unaudited results also showed a fall in revenue to EGP726m, compared to EGP940m recorded in the 1HFY17. The company also stated that it was expected to record profits of EGP17.7m for FY18. However, the present situation suggests that National Cement may post a ...

UAE: National Cement Co sees 46% fall in 3Q profits

15 November 2016, Published under Cement News

National Cement reported a 46.2 per cent drop in third-quarter net profits to AED9.85m (US$2.7m) from AED18.31m 3Q15. For the first nine months of 2016, the company posted net profits of AED73.48m, down from AED88.52m reported in the equivalent period of last year.

National Cement plans expansion into Uganda

14 April 2015, Published under Cement News

National Cement, which currently operates a grinding plant in Kenya, plans to invest KES18.5bn (US$199m) in a new factory in Uganda, according to local news reports. The new plant marks the company's first foray into Uganda, and its first venture outside Kenya. With a capacity of 1Mta, the new cement facility is expected to be completed by the end of next year, the report by Ventures Africa states. In its home market of Kenya, National Cement operates a 0.35Mta grinding works in Athi Rive...

Egypt: National Cement Company to invest in coal usage

21 November 2014, Published under Cement News

Egypt's National Cement Company will invest at least EGP150m (US$20.9m) to convert from the use of gas to coal, according to the company's CFO, Ahmad Saad. Speaking in an interview with Al-Mal newspaper, Mr Saad said National Cement will rerun a tender for the supply of a coal mill as the first effort ended with only one submitted offer. In addition, the company seeks to nearly double its capital to EGP412.8m from EGP206.4m. It plans to use the proceeds from the share issue to pay its...

Kenya: National Cement to build 15MW power plant

04 November 2014, Published under Cement News

Kenya’s National Cement, part of the Devki Group, plans to build a KES1.7bn (US$19m) coal-fired power plant to serve its clinker plant and limestone mining operation in Kajiado, Kenya. The power plant will produce 15MW of electricity and is being seen by the company as a more cost-effective alternative to the national grid. “The cost of procuring electricity from Kenya Power is twice as much when compared with the cost of generating power using coal,” according to National Cement's Environm...

National Cement Co elects James E Rotch chairman of the Board, USA

28 January 2014, Published under Cement News

The Board of Directors of National Cement Company, Inc, a subsidiary of the Vicat Group, has elected James E Rotch of Birmingham, Ala, as chairman of the Board of National Cement Company, Inc.  Mr Rotch will continue in the practice of corporate law with the firm of Bradley Arant Boult Cummings LLP, a regional law firm with offices throughout the Southeast, including Birmingham, Alabama, in addition to his duties as Chairman of the Board. National Cement's operations include cement produc...

Kenya: EAPCC reverts to Bamburi for clinker supply

31 December 2012, Published under Cement News

East Africa Portland Cement Company (EAPCC) has turned to its shareholder, Bamburi Cement, to supply clinker a year after it severed a four-year supply deal with the firm and inked a contract with National Cement. EAPCC fell out with National Cement for breach of contract linked to non-payment and making orders of clinker that were below the agreed quantity threshold, according to reports in the Business Daily of Kenya. “I’m not supplying them because they are not paying,” said Mr Naren...

National Cement to open new 1.65Mta Nairobi works

21 November 2012, Published under Cement News

National Cement announced plans to open a new 1.65Mta cement works in the outskirts of Nairobi, Kenya. The company said it received an undisclosed loan from KCB Group, raw materials on credit and a cash injection from its parent company Devki Group of Companies to finance the new KES11.9bn.  The new capacity is expected to intensify to battle for control of the regional cement market. The entry of National Cement and Mombasa Cement increased competition with the latter rapidly claiming...