Global Cement
Online condition monitoring experts for proactive and predictive maintenance - DALOG
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Knowledge Base
  • Live
  • Services
  • Login
  • Advertise
  • Jobs
  • Privacy & Cookie Policy
  • About
  • Members
  • Register
  • Contact
News East African Portland Cement Company

Displaying items by tag: East African Portland Cement Company

Subscribe to this RSS feed

East African Portland Cement loss grows to US$9.58m in second half of 2017

01 March 2018

Kenya: East African Portland Cement’s loss grew to US$9.58m in the second half of 2017 from US$2.45m in the same period in 2016. Its sales revenue fell by 17% year-on-year to US$30.2m from US$36.6m, according to the Standard newspaper. It has blamed the falling sales on ‘prolonged’ political unrest connected to the two elections the country held in 2017.

Published in Global Cement News
Read more...

East AfricanPortland Cement gains ISO certification

26 February 2018

Kenya: East Africa Portland Cement has gained re-certification for ISO 14001 on environmental management system, and OHSAS 18001 for occupational health and safety. Company official Simon Peter ole Nkeri said that the achievement was part of the company’s around strategy, according to the Business Daily newspaper. He added that the adoption of an environmental quality management system was a strategic decision to improve the company’s performance.

Published in Global Cement News
Read more...

Janerose Karanja appointed as head of human resources at East African Portland Cement

23 August 2017

Kenya: Janerose Karanja has been appointed as the head of human resources at East African Portland Cement Company. Previously, Karanja worked for the Ministry of Industry, Trade and Cooperatives for over 25 years, according to the Kenyan Star newspaper. He holds an MBA in Human Resource Management from Kenyatta University, a human resource professional certificate from the Institute of Human Resource Management and a bachelor's degree in education from the University of Nairobi.

Published in People
Read more...

East African Portland Cement’s revenue drops by 19% to US$35.9m

23 February 2017

Kenya: East African Portland Cement’s sales revenue fell by 19% year-on-year to US$35.9m in 2016 from US$44.6m in 2015. It made a loss of US$5.15m compared to a loss of US$7.19m in 2015, according to Reuters. It said that sales volumes had fallen by 17% in 2016 due to a ‘change in the competitive landscape’ and that this had caused the fall in revenue. However, it added that it had cut its administrative expenses by 9% due to on-going cost management initiatives. Looking forward the company said that, as it expected cement supply to be higher than demand in the near term, it would focus on cutting costs.

Published in Global Cement News
Read more...

East African Portland Cement annual general meeting cancelled after auditors fail to attend

30 January 2017

Kenya: The annual general meeting of the East African Portland Cement company has been cancelled following the non-attendance of the company’s auditors. The meeting requires the presence of the office of the Auditor-General or its appointee Deloitte East Africa to proceed, according to the Business Daily newspaper. The management was unaware that the procedure had changed a company director said. The meeting has been rescheduled for 3 February 2017. The cement producer has a poor corporate governance record following the accusation of its chief executive of sexual harassment and reports of theft of stock in late November 2016, among other incidents.

Published in Global Cement News
Read more...

East African Portland Cement chief accused of sexual harassment

24 November 2016

Kenya: Simon Peter Ole Nkeri, the chief executive officer of East African Portland Cement Company (EAPCC), has been accused of sexual harassment in a legal case by a manager at the company. Lucy Rimanto Molonket, the head of Sales and Marketing, alleges that Nkeri harassed her on 31 August 2016, according to the Business Daily newspaper. She then alleges that he texted her to apologise for his behaviour. Subsequently she says that she was transferred to a low profile job in September 2016. EAPCC chairman Bill Lay has defended Nkeri, saying that the company has transferred 11 of its managers to different positions following financial problems.

Published in Global Cement News
Read more...

East African Portland Cement to lay-off over 1000 workers

18 November 2016

Kenya: East African Portland Cement (EAPC) plans to lay-off over 1000 workers as part of plans to improve its efficiency. The company’s board has described the organisation as ‘severely over staffed’ and unable to compete with its rivals, according to Citizen Digital. At present it has around 2000 personnel and studies suggest that it only needs 500 of these workers to remain competitive.

Chairman Bill Lay said that high staff costs have contributed to the government-owned company’s financial problems. The management team is developing a voluntary early retirement program that will reduce staff levels. The company intends to spend US$19.6m towards the downsizing programme.

Published in Global Cement News
Read more...

East African Portland Cement brings in the auditors

15 November 2016

Kenya: East African Portland Cement (EAPC) has hired Ernst & Young to conduct a forensic audit of its business following reports that the company is technically bankrupt and may have lost around US$7.1m worth of stock from its warehouses since 2014. Cement stock valued at US$4m went missing in Kenya and US$3.1m disappeared in Uganda, according to the Business Daily newspaper. Ernst & Young started work for the state-owned cement producer in early November 2016.

Published in Global Cement News
Read more...

East African Portland Cement profit falls by 42% to US$41m

11 November 2016

Kenya: East African Portland Cement’s (EAPCC) profit has fallen by 42% to US$41m in the first half of 2016 from US$70.7m in the same period of 2015. It has blamed the drop on a fall in the revaluation gain of its assets, according to the Daily Nation newspaper. Its revenue rose by 5.4% to US$87m but this was adversely affected by rising cost of sales. The cement producer asked for regulatory approval to publish its financial results after a 31 October 2016 deadline.

Published in Global Cement News
Read more...

Update on Kenya

14 September 2016

Tensions have boiled over regarding imports of cement to Kenya in recent weeks as different importers have received opprobrium in the local press. Last week Dangote Cement was attacked for importing cheap cement into the country from Ethiopia, allegedly off the back of a cheap electricity deal. This week, Chinese imports have been in the firing line, following data reportedly seen by the Business Daily newspaper that showed that the value of Chinese cement imports rose tenfold year-on-year in the first half of 2016.

At the heart of these rows lies a strong demand for cement: Kenya had a cement production utilisation rate of 90% in 2015 according to Kenya National Bureau of Statistics (KNBS) data. It produced 6.35Mt in that year and used 5.71Mt for consumption and stocks. Its utilisation rate has been rising steadily since 2012. It was 93% for the first six months of 2016.

Unfortunately for the local producers this kind of demand attracts competition from within and without. Nigeria’s Dangote Cement is planning to build a 3Mt/yr plant at Kitui and Cemtech Kenya, a subsidiary of India’s Sanghi Group, is planning to build a 1.2Mt/yr plant at Pakot.

Local producer ARM Cement reported both falling turnover and a loss for the first half of 2016. It blamed this on increased competition in Tanzania. However, in 2015 it increased its turnover in Kenya by importing clinker over the border from its new Tanga plant in Tanzania. It also noted a ‘competitive landscape’ in Kenya and lamented the effects of currency devaluation on its financies as a whole. East African Portland Cement had a tougher time of it for its half-year that ended on 31 December 2015, issuing a profit warning of a loss and expected reduced profits despite a rise of 12% in sales revenue. By contrast, Bamburi Cement, LafargeHolcim’s subsidiary, reported both increases in revenue and operating profit in 2015. Although it too noted problems with interest rates and currency depreciation in the country during this period.

The focus on Chinese imports follows Chinese contractors winning some of the biggest infrastructure projects in the country. The China Rail & Bridge Corporation (CRBC), for example, is building a railway between Mombasa and Nairobi. The Business Daily newspaper has found data showing that Chinese cement imports worth US$19.8m to Kenya in the first half of 2016 compared to US$1.99m in the same period of 2015. The background to this is that China has more than doubled the value of all of its imports to Kenya since 2011 according to the KNBS. Total import volumes of clinker from all foreign countries increased by 51% in 2015 from 1.31Mt in 2014, the largest increase in at least five years.

If local cement producers are being locked out of supplying these kind of deals no wonder they are getting angry. However, another angle on what’s happening here might be that local producers who are suffering from increased competition, falling prices and a precarious national financial situation are lashing out at the easiest target. The local press doesn’t appear to have criticised ARM Cement for moving its Tanzanian clinker north of the border for example. Likewise, a Bamburi Cement spokesperson previously said that the producer had supplied 300,000t of cement to the rail project since September 2014, earning it nearly US$10m. Kenya needs cement as it builds its infrastructure. Fortunes will be made and tempers will be lost as it does so.

Published in Analysis
Read more...
  • Start
  • Prev
  • 1
  • 2
  • 3
  • 4
  • Next
  • End
Page 3 of 4
Loesche - Innovative Engineering
Acquisition Cemex China coronavirus Dangote Cement Export Germany Government grinding plant HeidelbergCement Holcim Import India Lafarge LafargeHolcim Legal Mexico Nigeria Order Pakistan Philippines Plant Production Results Russia Sales UK Upgrade US Vietnam
« January 2021 »
Mon Tue Wed Thu Fri Sat Sun
        1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31



Sign up for FREE to Global Cement Weekly
Global Cement LinkedIn
Global Cement Facebook
Global Cement Twitter
  • Home
  • News
  • Conferences
  • Magazine
  • Directory
  • Reports
  • Knowledge Base
  • Live
  • Services
  • Login
  • Advertise
  • Jobs
  • Privacy & Cookie Policy
  • About
  • Members
  • Register
  • Contact
  • Conferences >>
  • Global Ash
  • Global CemBoards
  • Global CemFuels
  • Global CemProcess
  • Global FutureCem
  • Global Gypsum
  • Global GypSupply
  • Global Insulation
  • Global Slag
  • Global Synthetic Gypsum
  • Global Well Cem
  • Magazine >>
  • Latest issue
  • Articles
  • Editorial programme
  • Contributors
  • Link
  • Awards
  • Back issues
  • Subscribe
  • Photography
  • Register for free copies
  • The Last Word
  • Websites >>
  • Global Gypsum
  • Global Slag
  • Global CemFuels
  • Global Insulation
  • Pro Global Media
  • Social >>
  • LinkedIn
  • Facebook
  • Twitter

© 2021 Pro Global Media Ltd. All rights reserved.