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 interest for the 4th Global CemPower Conference & Exhibition
22 - 23 January 2019, London, UK
Including waste heat recovery, captive power, grinding optimisation and electrical energy efficiency
Global CemPower Conference is to take place for the fourth time in 2019, and will look at a topic that accounts for one third of the cement industry's total costs: electrical power.
