Displaying items by tag: Nairobi Business Ventures

Kenya: Nairobi Business Ventures (NBV) plans to start building its new 1Mt/yr cement plant at Machakos near Nairobi by the end of 2021. Construction is expected to be completed by the end of 2023, according to the Business Daily newspaper. Cement sold from the plant will be marketed under the Delta Cement brand. The announcement follows the approval by NBV’s shareholders of its acquisition by Delta Cement. The company was acquired by UAE-based Delta International Holdings in late 2020.

Kenya: Nairobi Business Ventures (NBV) says it intends to buy 11.33 hectares of land in Machakos, near Nairobi, from its subsidiary Shreeji Enterprises Kenya to build a new cement grinding plant. It plans to invest US$140m in the project according to the Business Daily newspaper. A feasibility study for the construction of the plant has been concluded and the preliminary work to establish the plant is currently being conducted.

The former shoe manufacturer announced plans in late 2020 to build a 1Mt/yr cement plant following its acquisition by UAE-based Delta International Holding. The project will run as a grinding unit first before moving to clinker production at a later stage. The company also plans to diversify into vehicle and aircraft maintenance.

Kenya: Nairobi Business Ventures has shared plans for the establishment of a 1.0Mt/yr-capacity integrated cement plant following its 84% acquisition by UAE-based Delta International Holdings. Arab Finance News has reported that the former footwear producer is in the process of selecting a location for its upcoming plant and securing a source of clinker imports for the plant’s preliminary grinding-only phase.

Delta International Holdings is the owner of real estate company Delta Holdings Kenya, Shreeji Chemicals Kenya and Shreeji Glass Uganda.