EAPCC roars back to life after one-month hiatus for renovations

Business
By Esther Dianah | May 02, 2024
Acting Managing Director Mohammed Osman makes a point as Trade Cabinet Secretary Rebecca Miano looks on. [Courtesy]

The East African Portland Cement Company (EAPCC) has resumed operations after a one-month closure for renovations and plant maintenance.

The firm is looking to increase capacity to serve the growing regional demand for cement amid an infrastructure boom.

The improved capacity, EAPCC said, is expected to boost its output to one million tonnes annually in the next two years.

Acting Managing Director Mohammed Osman said the refurbished plant will increase efficiency, and greatly reduce spillage, thus improving the work environment and cutting on wastage.

Industry, Trade, and Investments Cabinet Secretary Rebecca Miano said the recommissioning of the plant marks a transformative moment for the country's manufacturing sector, which is a key driver of economic growth, job creation, and industrialisation.

"Despite the challenges, the government has remained resolute in its commitment to supporting the competitiveness and growth of local industries. One of the key initiatives has been setting ambitious targets for the manufacturing sector, including increasing its contribution to GDP to 20 per cent by 2027," said Ms Miano.

She said ongoing efforts to revitalise the manufacturing sector are meant to enhance competitiveness, efficiency, and sustainability of the local manufacturing sector.

They include the introduction of the export and investment promotion levy of 17.5 per cent on the importation of clinker to reduce the reliance of local cement companies on imported raw materials and promote the growth of domestic industries.

EAPCC Chairman Richard Mbithi said following the refurbishment, the company is now in a good position to meet its revenue targets.

"With the finalisation of the plant refurbishment and resultant improved production and efficiency, we are confident that the company will accomplish the production and revenue targets.

Share this story
Why World Bank has banned PwC Kenya for 21 months
The World Bank has barred PricewaterhouseCoopers (PwC) Kenya from its projects for 21 months after the firm admitted to rigging a consultancy contract.
Kenya's REITs market surges as investor appetite grows
Kenya’s REITs market capitalisation has nearly tripled in five years, reflecting rising investor interest in property through alternative, low-hassle investment channels.
Kenya and Ireland to boost trade, investment
Kenya and Ireland have launched new talks to boost trade and investment despite an existing trade imbalance favouring Ireland.
StanChart rewards shareholders with Sh11.7B dividend despite profit slump
Standard Chartered Bank Kenya is maintaining a high dividend payout despite a sharp profit drop caused by a one-off pension charge.
Co-op Bank secures Sh233M boost for Kenya's digital enterprises
Co-operative Bank of Kenya has partnered with United Nations Capital Development Fund to unlock Sh233.1 million in financing for youth-led digital businesses across Kenya.
.
RECOMMENDED NEWS