Mombasa Cement has dislodged East Africa Portland Cement Co (EAPCC) from the second position in Kenya with a market share of 15.8 per cent, while EAPCC has dropped to third place with a market share of 15.1 per cent according to CemNet Newsroom. Mombasa Cement’s Nyumba brand just lies behind LafargeHiolcim’s Bamburi Cement, which dominates the sector with a 32.6 per cent market share, according to Construction Kenya. The latest round of company results has seen both EAPCC and ARM Cement hit by falling revenues and net losses.
Whitehopleman has no doubt that market conditions will be tough in the currently oversupplied Kenya. Political stability is required to encourage investment.