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

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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

URL: https://www.globalcement.com/news/item/10271-east-africa-portland-cement-company-defaults-on-us-2-61m-bank-loan

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