Cement News tagged under: Savannah Cement
Quantum Global exits Savannah Cement20 October 2017, Published under Cement NewsFollowing the receipt of regulatory approvals, Quantum Global Group has completed the sale of its stake in Savannah Cement. "We are delighted to have partnered with Savannah Cement in one of the critical industry sectors in East Africa, advancing together to aim to close the existing infrastructure gap in Africa. The exit from this investment is testament to the success of our approach of deploying capital in transformative sectors of key importance in Africa at the right time,’" said Qua... |
Ndeta set to gain controlling stake in Savannah Cement06 September 2017, Published under Cement NewsBusinessman Benson Ndeta is set to take controlling stake of Kenya-based Savannah Cement after he gained regulatory approval for a deal that would increase his interest in the company by 29.4 per cent. In a press release, the Competition Authority of Kenya said it had granted Mr Ndeta’s acquisition of Savannah Cement unconditional approval, according to local press reports. Savannah Cement currently has two shareholders — Seruji with a 60 per cent stake and Savannah Heights with a 40 per ... |
Savannah Cement and NCA sign training pact09 June 2017, Published under Cement NewsKenya's National Construction Authority (NCA) has signed a partnership agreement with local cement producer Savannah Cement to advance technical training programmes for contractors. The agreement will see Savannah Cement and NCA jointly conduct nationwide training and certification programmes for contractors and construction supervisors. Speaking at the partnership signing ceremony, NCA Executive Director, Dr Arch Daniel Manduku said the programme will also provide an outreach programme... |
Kenya: Savannah Cement resumes operations12 January 2017, Published under Cement NewsSavannah Cement has reopened operations after temporary closure over the Christmas season to undergo major renovation. “We have decided that going forward we will be doing annual maintenance of the plant during the festive season to enable us meet our customer needs more efficiently,” Savannah Managing Director, Ronald Ndegwa, said. The cement manufacturer replaced wear parts in the grinding mill with an aim of increasing production, boosting quality and enhancing efficiency. Speaki... |
Kenya: cement consumption falls 5.3% in 3Q1604 January 2017, Published under Cement NewsThe growth in cement consumption fell by 5.3 per cent in the third quarter of 2016 compared to 3Q15, according to a report from the Kenya National Bureau of Statistics (KNBS). The KNBS data shows that the domestic market consumed 1.52Mt of cement in the three months to September 2016, compared to 1.45Mt in the same period in 3Q15 and 1.3Mt in 3Q14. The decline in cement demand was in line with a general slowdown in the construction sector. Lower demand from major infrastructure p... |
Kenya: Savannah Cement 2500tpm supply deal15 December 2016, Published under Cement NewsSavannah Cement claims to be supplying 2500t of cement each month to the Outer Ring Road expansion project. The KES16bn (US$157m) road project is being financed by the African Development Bank and the Kenyan government and is scheduled for completion in September 2017. Meanwhile, the cement manufacturer has plans to install a second grinding unit at its Kitengela complex to boost production capacity. With the installation of the unit nest year, Savannah Cement expects to double its produc... |
Kenya: Savannah Cement to raise capacity to 2.4Mta18 November 2016, Published under Cement NewsSavannah Cement has unveiled plans to increase its Athi River plant to 2.4Mta, almost doubling its current 1.5Mta capacity, Business Daily Africa reports. The firm says it expects the new capacity to come online by mid-2018, with the tendering process to begin in early 2017 as soon as regulatory clearance is received. The project will see the creation of a new grinding and packaging plant. Kenyan cement consumption has risen rapidly in recent years and the country’s producers have resp... |
Kenya: Savannah Cement, Kenyatta University collaboration10 June 2016, Published under Cement NewsKenyan cement producer Savannah Cement has signed an agreement with Kenyatta University to collaborate in areas such as innovation, student internships, joint research activities and capacity building. Managing Director of Savannah Cement, Ronald Ndegwa, said the company will provide the necessary support to accelerate Kenyatta University's academic and infrastructure development projects. "With the signing of this partnership with Kenyatta University, Savannah Cement is effectively exten... |
Kenya: Savannah Cement's Athi River plant upgrades11 April 2016, Published under Cement NewsSavannah Cement has announced the completion of work to upgrade its 1.5Mta Athi River plant with the addition of a new roller press grinding mill. Kenya's Capital FM quotes Managing Director, Ronald Ndegwa, as saying: “At Savannah Cement, we are excited at the timely and successful completion of the scheduled upgrade which has given our production plant enhanced reliability. “We wish to thank our customers for their support and recognise the role played by our local staff as core memb... |
Ghana cement producers' association formed11 June 2015, Published under Cement NewsLocal cement producers in Ghana have come together to form a new association to protect and accelerate the development of the domestic industry, and promote the interests of its members through collaborative efforts. A Memorandum of Understanding (MoU) dated 12 May 2015 named the founding companies of the Ghana Cement Manufacturers Association (GCMA) as GHACEM Ltd, Diamond Cement Ghana Ltd and Savannah Diamond Company Ltd. Dr George Dawson-Ahmoah, Strategy & Corporate Affairs Director o... |