New cement plant to be built in Kilifi, Kenya
ARM Cement’s facility in Kilifi County is likely to face competition as Devki Group founder, Narendra Raval, plans to invest in the construction of a 0.75Mt cement plant in Mari...
Kenya
359 posts · Page 20 of 36
Will ARM secure a firmer financial footing?
The increasing trend of African sector mergers reflects the tightening economic pressures on African cement producers and their challenging prospects going forward. In the past ...
Consortium applies to build 1Mta grinding unit in Athi River
A consortium of local quarry operators and institutional investors are planning to establish a KES5bn (US$48.3m) cement plant in Athi River, Kenya.
East African Portland Cement reports KES1.4bn loss
East African Portland Cement Co (EAPCC) saw its net profit of KES4.1bn (US$39.6m) for the year ended 2016 evaporate to record a KES1.4bn loss for the year ended 30 June 2017.
Quantum Global exits Savannah Cement
Following the receipt of regulatory approvals, Quantum Global Group has completed the sale of its stake in Savannah Cement.
Egypt doubles value of cement exports in 9M17
Egypt’s cement exports rose 88 per cent during the first nine months of 2017, reaching around US$72m compared to US$38m last year, its building industries export council said on...
Kenyan cement factories cut production back to 4.2Mt
Cement plants in Kenya have reduced production by seven per cent to 4.2Mt in the year to August, down from 4.5Mt. The cutbacks came amid decreases in cement consumption, data fr...
Bamburi Cement appoints new interim CEO
Bamburi Cement of Kenya has appointed chief financial officer Eric Kironde as its interim CEO following the departure of Bruno Pescheux. Pescheux stepped down from the role at t...
LafargeHolcim
LafargeHolcim’s subsidiary Lafarge Malaysia has reported a first-half turnover decline of 18 per cent to MYR1090m (EUR214m/US$259.7m) and there was a net loss of MYR92.02m (EUR1...
Ndeta set to gain controlling stake in Savannah Cement
Businessman 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 c...