East African Portland Cement eyes Tanzanian market
Reuters has reported that East African Portland Cement, Kenya, made a pretax profit of Ksh376.27 million in the second half of 2012, up from a pretax loss of Ksh247.2 million in the same period in 2011. The positive results have been attributed to increased cement sales, as well as measures to increase efficiency, which led to higher clinker production and savings of KSh850 million.
The cement manufacturer, which also has operations in Uganda and South Sudan, is now eyeing the Tanzanian market. It plans to increase its clinker production capacity from 450 000 t to 1.5 million t by 2016, raising capital for its expansion plans through the Nairobi bourse.
Edited from various sources by Louise Fordham.
Read the article online at: https://www.worldcement.com/africa-middle-east/25022013/kenya_east_african_portland_cement_tanzania_expansion_887/
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