Kenya: East African Portland Cement (EAPC) is relying on a US$100m land sale to the government to remain solvent. The company is in discussions to sell over 14,000 acres of land to the newly established Special Economy Zones Authority funds, according to the East African newspaper. The cement producer has seen its production halted, cement stocks depleted and staff salaries delayed over the last two months. It reported a loss of US$9.58m in the second half of 2017 from a loss of US$2.45m in the same period in 2016.
East African Portland Cement relying on land sale to remain solvent
Register for the 2nd Global CemProcess Conference & Exhibition
23 - 24 May 2018, London, UK
Process optimisation in cement manufacture
Global CemProcess is the conference and exhibition for the cement industry that looks at process optimisation, de-bottlenecking, production maximisation and troubleshooting.
