Cement News tagged under: Savannah Cement
Kenya cement prices seen rising on weak shilling09 June 2015, Published under Cement NewsCement prices in Kenya are likely to rise due to a weak shilling which manufacturers say has increased spending on imported equipment and inputs, local press report. Cliinker, coal and spare parts are the most affected due to high importation costs in the past two months. "In May alone we lost KES160m in foreign exchange loss during the purchase of equipment and inputs. We might adjust prices in June because we are losing a lot," National Cement managing director Narendra Raval told ... |
Savannah welcomes new presidential directive04 June 2015, Published under Cement NewsKenya's Savannah Cement has welcomed a presidential directive, seeking to ensure that public institutions source 40 per cent of their requirements from local manufacturers, saying that the move has the "capacity to accelerate the growth of local industries." Issued as part of President Uhuru Kenyatta's 52nd Madaraka Day national address, the directive is geared towards fostering a buy 'Kenya build Kenya' culture by all public sector institutions. President Kenyatta of Kenya said the govern... |
Seruji Ltd acquires 60% stake in Savannah Cement30 March 2015, Published under Cement NewsThe Competition Authority of Kenya has approved the proposed acquisition of 60 per cent of the shareholding of Savannah Cement Ltd by Seruji Ltd, according to a Gazette notice dated 27 March 2015. Seruji Ltd spokesperson, Alfred Ng’ang’a, said the company has acquired the stake previously held by the pioneer Chinese investors of Savannah Cement . “Seruji Ltd has made a 60 per cent acquisition of the shares previously held by Savannah Cement’s international investors, for a publicly undiscl... |
Kenya: Savannah Cement selects database management system15 January 2015, Published under Cement NewsKenya’s Savannah Cement Ltd has selected the SAP® ERP application powered by SAP HANA® to improve its operational reporting, real time planning and forecasting. Savannah Cement is one of the newest entrants into the cement market in Kenya, with a 1.5Mta cement plant strategically located near the capital Nairobi. "SAP HANA has changed our view of database management and greatly simplified tasks, giving our business a cutting-edge advantage and incomparable agility," said Brian Wamwenje, ... |
Kenya: Savannah Cement to build second grinding plant02 January 2015, Published under Cement NewsSavannah Cement has announced plans to invest more than US$198.3m for the construction of its second milling plant near Kitengela town in Kajiado County. The high efficiency milling plant will feature a roller press mill, which allows for environmentally efficient cement production. Savannah Cement managing director Ronald Ndegwa said that the ground breaking plans for a clinker manufacturing plant are also well underway. “Once the two plants are installed, Savannah Cement will take pole p... |
Savannah Cement confirms KES18bn investment in grinding unit24 December 2014, Published under Cement NewsKenya’s Savannah Cement confirmed plans to invest more than KES18bn (US$199m) in its second high-efficiency milling unit to meet the growing demand in the Kenyan market. The new grinding plant will be installed at the company’s Kitengela site and is part of the company’s strategy to operate a fully-integrated cement business. Savannah Cement’s MD, Ronald Ndegwa, also said that plans for its clinker manufacturing are in an advanced stage and the project would see its groundbreaking in the ... |
Kenya: Savannah Cement to widen its east African sales21 October 2014, Published under Cement NewsSavannah Cement has confirmed plans to develop its business to the wider east African market as part of its regional integration support. The project will see the company pursue sales opportunities in all the east African countries by next year, the firm’s Managing Director, Ronald Ndegwa, has said. “Savannah Cement’s overall corporate development is anchored on a regional market coverage strategy and we are glad that we have made good inroads in the respective east African markets,” Mr... |
Savannah lines up new capacity investments14 October 2014, Published under Cement NewsSavannah Cement, one of Kenya's newest market entrants, is set to build two new plants as it nears exhaustion of its current capacity, managing director, Ronald Ndegwa, said. The company has previously said it is to invest around US$250m for a clinker plant at its Athi River factory to reduce reliance on imported clinker. The 1.5Mta clinker facility will complement the existing 1.5Mta grinding unit. Mr Ndegwa said the company will also invest in a second mill to support existing operations... |
Savannah Cement plans clinker line, Kenya06 August 2014, Published under Cement NewsKenya-based Savannah Cement plans to establish a clinker line at an investment cost of around KES17bn (US$193.3m). The cement producer currently imports clinker for its plant based in Athi River, Standard Digital News (Kenya) reported. While plans for the new clinker line are still at an early stage, the Savannah Cement expects completion of the facility by the end of 2017. Ronald Ndegwa, Savannah Cement’s managing director, told reporters that the company is currently scouting four di... |
Savannah Cement plans new clinker line, Kenya22 April 2014, Published under Cement NewsSavannah Cement, the newest entry in the Kenyan market, plans to invest US$200m in the construction of a new clinker line to boost regional sales. A joint venture between Kenyan and Chinese investors, Savannah Cement currently operates a grinding plant at Athi River. The new plant has five packing lines and is capable of producing 1.5Mta of cement. Board chairman Benson Ndeta, announced on Thursday that the company hopes to be a major competitor in the regional market in the supply of ... |