Skip to content
Headlines

Portland Cement Has Launched New Green Product To Support its Better Planet Agenda

BY Soko Directory Team · October 27, 2022 07:10 pm

KEY POINTS

Portland refurbished its Kiln at a cost of Kes 0.5b after 26 years enabling its return to the market with new more affordable Green Cement hence driving average RRP prices of cement down by 13%  in the last two months running - big news.

KEY TAKEAWAYS

EAPC made the announcement while announcing its 2021/22 financial results which have seen the giant cement maker cut its operating loss by 50% in 12 months from 3.2b to 1.8b.

The reduction in operating loss comes as good news in addition to the historic clearance of Kes 6.8b KCB loan which has held the company’s balance sheet captive to the lender.

East African Portland Cement Plc has launched a new product named Green Triangle Cement that is aimed at minimizing the cement manufacturer’s carbon emissions.

Green Triangle Cement has already received a green light from the Kenya Bureau of Standards under the strength standardization category of 22.5 even though the company has boosted its strength to over 27 to enable it to be applied in a wider variety of construction projects.

In July this year, Portland refurbished its Kiln at a cost of Kes 0.5b after 26 years enabling its return to the market with new more affordable Green Cement hence driving average RRP prices of cement down by 13%  in the last two months running – big news. Cement is now as low as 570 from 630 a few weeks ago.

The Green Triangle Cement product, which is already in the trade, will be applicable in the preparation of mortar for brick and block laying as well as rendering, plastering, and repair works.

EAPC made the announcement while announcing its 2021/22 financial results which have seen the giant cement maker cut its operating loss by 50% in 12 months from 3.2b to 1.8b. The reduction in operating loss comes as good news in addition to the historic clearance of Kes 6.8b KCB loan which has held the company’s balance sheet captive to the lender.

It also comes at a time when the cement maker is implementing its new 5-Year Strategic Plan whose pillars include market centrism and achieving a better planet. The new product aims at providing an alternative for the cement maker’s customers, therefore, achieving market centrism as well as helping achieve a better planet by less clinker utilization and power consumption during its production.

“Our customers have for a long time been asking us to introduce an alternative product in the market. This together with wide consultations and research advised the introduction of Green Triangle Cement which is more environmentally friendly and will go at a lower cost than Blue Triangle Cement”, said the firm’s Managing Director Eng. Oliver Kirubai. He added that the firm would over time introduce other brands to ensure that it has a portfolio of at least five brands in the market to give its customers freedom to choose what cement to purchase for different applications.

Recently, as part of its quest to upgrade its plant in Athi River, the firm refurbished its Kiln that had been dilapidated for years, a process that has helped the firm produce enough clinker to avail its products consistently in the market.

Related Content: How East African Portland Cement Is Shaping The Cement Industry

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system.Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

Trending Stories
Related Articles
Explore Soko Directory
Soko Directory Archives