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News East Africa Portland Cement Company defaults on US$2.61m bank loan

East Africa Portland Cement Company defaults on US$2.61m bank loan

Written by Global Cement staff 03 January 2020
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Kenya: East Africa Portland Cement Company (EAPCC) has defaulted on contractual loan repayments to KCB Bank after auditors PricewaterhouseCoopers reported that the Kenyan company made a loss of US$28.0m in the twelve months to 30 June 2019, over which time it produced 0.3Mt of cement against an installed capacity of 1.3Mt/yr.

Last modified on 08 January 2020
Published in Global Cement News
Tagged under
  • Kenya
  • EAPCC
  • Loan
  • default
  • KCB
  • volumes
  • Loss
  • GCW437
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