Browsing: Trade and Investments Cabinet Secretary Moses Kuria

• East African Portland Cement (EAPC) has made $8 million in the six months December 31, 2022 a 11 percent drop in losses. 
• The firm attributed the loss to increased competition, depreciation of the Kenyan shilling against the US Dollar and increased energy costs which countered gains from plant efficiencies and cost containment measures. 
• The firm however registered a $5 million increase in revenues do to improvement in cement production owing to the completion of the first phase of the plant refurbishment completed in September, 2022. 

East African Portland Cement (EAPC) has made $8 million loss in the six months December 31, 2022 a 11 percent drop in losses compared to $9 million loss recorded in the same period in 2021. 

The firm attributed the loss to increased competition, depreciation of the Kenyan  shilling against the US Dollar and increased energy costs which countered gains from plant efficiencies and cost containment …