Cement News tagged under: Restructuring

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EAPCC announces new strategy, Kenya

01 October 2012, Published under Cement News

East African Portland Cement Company (EAPCC) of Kenya has announced the appointment of two  management positions and revamp its strategy implementation and operations as it aims to increase efficiency. EAPCC has appointed two managers to head its production and human resources departments. Former Bamburi Cement and Athi River Mining employee Engineer Charles Charo is the new Head of Production Operations. Charo has 25 years of experience in cement manufacturing while John Ole Kimanjoi has...

Dubai Group in talks for Lafarge Emirates stake sale, UAE

14 September 2012, Published under Cement News

The Dubai Group is in talks to sell its 45 per cent stake in its UAE joint venture with Lafarge, according to reports by Reuters. Lafarge Emirates Cement, set up in 2005, is restructuring and needs additional capital to help support the business, something Dubai Group is unable to provide due to its debts. Lafarge Emirates Cement was set up as a joint venture between Lafarge,  Dubai Group, part of conglomerate Dubai Holding, and the Fujairah government, an emirate in the Northern part of ...