National Cement Company Limited
| Company type | Private |
|---|---|
| Industry | Manufacturer and distributor of cement |
| Founded | 2008 |
| Headquarters | Nairobi-Mombasa Road, Athi River, Kenya |
Key people | Narendra Raval Group Chairman |
| Products | Cement |
Number of employees | ~1,200 (2019) |
| Website | Homepage |
National Cement Company Limited (NCCL), also National Cement Company Kenya Limited, is a cement manufacturer in Kenya. It is a subsidiary of the Devki Group of Companies, an industrial and manufacturing conglomerate, with headquarters in Kenya and operating subsidiaries in Kenya, Uganda and the Democratic Republic of the Congo.[1]
Location
[edit]The main factories of NCCL are located off of the Nairobi-Mombasa Road, in the town of Athi River, Machakos County. This is approximately 39 kilometres (24 mi), by road, south-east of Nairobi, the capital city of Kenya.[2] The coordinates of the main factory are 1°29'31.0"S, 37°03'26.0"E (Latitude:-1.491944; Longitude:37.057222).[3]
Overview
[edit]National Cement Company Limited was established in 2008 and began cement production in 2010.[4]
As of April 2018, NCCL was the largest indigenous cement manufacturer in Kenya, with several plants in the country.[1] It owns 100 percent of Simba Cement Uganda Limited, a cement factory in the Ugandan town of Tororo, with installed manufacturing capacity of one million metric tonnes annually.[5][6]
Ownership
[edit]The company ownership as of 2018 is as illustrated in the table below:[1][7]
| Rank | Name of Owner | Percentage Ownership |
|---|---|---|
| 1 | Devki Group owned by Narendra Raval and Family | 85.0 |
| 2 | International Finance Corporation (IFC) | 7.5 |
| 3 | IFC Subsidiary Company | 7.5 |
| Total | 100.0 |
Recent developments
[edit]In May 2019, NCCL signed a binding all-cash offer of US$50 million to acquire the Kenyan assets and all subsidiaries of ARM Cement Plc. (In Receivership), as a going concern. The offer requires regulatory approval in Kenya.[8]
The ARM acquisition will be funded with US$25 million in internally generated cash and loans from the International Finance Corporation and Kenya Commercial Bank Group. With the new acquisition NCCL will have production capacity of 1,400,000 metric tonnes annually, accounting for 13 percent of total national production.[9]
See also
[edit]References
[edit]- ^ a b c Mfonobong Nsehe (5 April 2018). "Kenyan Tycoon Narendra Raval Raises $97 Million For Cement Plant Expansion". Forbes.com. Retrieved 21 May 2019.
- ^ Globefeed.com (21 May 2019). "Distance between Nairobi, Kenya and National Cement Company Limited, Athi River, Kenya". Globefeed.com. Retrieved 21 May 2019.
- ^ "Location of the Main Factory of National Cement Company Kenya Limited" (Map). Google Maps. Retrieved 21 May 2019.
- ^ Devki Group (2018). "About National Cement Company Limited". Nairobi: Devki Group Kenya. Retrieved 21 May 2019.
- ^ Mark Keith Muhumuza (20 January 2017). "Cement companies rush to set up new plants in Tororo". Daily Monitor. Kampala. Retrieved 21 May 2019.
- ^ Mutegi, Mugambi (13 April 2015). "National Cement to build Sh18.5bn plant in Uganda". Business Daily Africa. Nairobi. Retrieved 21 May 2019.
- ^ Juma, Victor (4 April 2018). "IFC Commits KSh9.7 Billion In National Cement Expansion". Daily Nation. Nairobi. Retrieved 21 May 2019.
- ^ Munda, Constant (21 May 2019). "Devki's National Cement in deal to acquire troubled ARM's assets for Sh5 billion". Business Daily Africa. Nairobi. Retrieved 2 May 2019.
- ^ Victor Juma (22 May 2019). "National Cement secures IFC debt for ARM deal". Business Daily Africa. Nairobi. Retrieved 22 May 2019.