Kenyan group Bamburi Cement (Lafarge) is considering producing heavy cement again under the Powercrete brand name.
The possible introduction of the new product for use in private and public infrastructure projects is seen as a good option for boosting group profit and turnover. New figures show that as of 31 December 2013, Bamburi Cement posted turnover of US$391.91 million (KES 33.9 billion), with year-on-year profit down 25% to $41.62 million (KES 3.6 billion). The group’s goal is to see turnover up 10%.
March 19, 2014
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Kenyan group Bamburi Cement (725 Lafarge) is considering producing heavy cement again under the Powercrete brand name.
The possible introduction of the new product for use in private and public infrastructure projects is seen as a good option for boosting group profit and turnover. New figures show that as of 31 December 2013, Bamburi Cement posted turnover of US$391.91 million (KES 33.9 billion), with year-on-year profit down 25% to $41.62 million (KES 3.6 billion). The group’s goal is to see turnover up 10%.
Traditional Kenyan cement producers are also said to be being driven to specialise with the arrival of Nigerian group 7635 Dangote Cement. Demand for heavy cement is growing in Kenya, where road and power plant projects are ongoing. In addition, a terminal is being built at Nairobi’s international airport.
