EAPCC results dampened by maintenance work
Published by Katherine Guenioui,
Editor
World Cement,
East African Portland Cement Company (EAPCC) has reported its results for the six months ended December, which show the impact of a maintenance shutdown of its packing and clinker production units, during which the company had to purchase clinker from elsewhere. The Kenyan company reported a loss of KES124 million compared to a profit of KES171 million in the same period of the previous year. Total revenues were down 9.6% and the cost of sales increased 8%, while sales volumes fell 7%. A price reduction of 5% also had an impact on sales revenue.
The plant refurbishment has now been completed and a new product line is due to be launched in the second half of the year. The company is also building a new packing line, which is due to be commissioned in 2H15.
Edited from various sources by Katherine Guenioui
Sources:
Read the article online at: https://www.worldcement.com/africa-middle-east/02032015/eapcc-results-dampened-by-maintenance-work-433/
You might also like
Christian Myland to be the new CEO of thyssenkrupp Polysius
Christian Myland succeeds Pablo Hofelich, who has decided to take on a new professional challenge outside thyssenkrupp.
