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
Written by Global Cement staff
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Global Cement News
13th Global CemFuels Conference & Exhibition 2019
20 - 21 February 2019
Amsterdam, Netherlands
Including confirmed visits to N+P's SubCoal fuel preparation plant (19 February) and HeidelbergCement's CBR Lixhe plant on 22 February
The 13th Global CemFuels Conference & Exhibition on alternative fuels for the cement and lime industries will showcase the best alternative fuels projects and equipment from the cement industry in Europe and from around the world. Over 150 delegates are expected to attend, to learn from experts how to start to use - or to increase their use of - alternative fuels.
