Factory Upgrade – Press Release

 

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Factory Upgrade – Press Release

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EA Cables completes key production plant refurbishment Regional Cables and Conductors Manufacturer East African Cables fortunes are all set for good tidings following the commissioning of its flagship Copper production facility in Nairobi. As part of the firm’s corporate growth strategy, East African Cables has completed refurbishment and upgrade works at its Kitui Road Copper Production plant. The refurbishment and upgrade works at more than Kshs 1billion involved the construction of a new factory building and installation of modern cable and conductors manufacturing equipment. Speaking, when he confirmed the commissioning of the scheduled official opening in September, outgoing East African Cables, Group Managing Director, Mr. George Mwangi, said the commissioning of the plant is a critical development for the firm as copper cables and conductors remain the firm’s mainstay. The new East African Cables copper factory, Mwangi explained, is a world class manufacturing plant that is unrivaled in sub-Sahara Africa and affords the company an opportunity and capacity to supply the East and Central African region, with Safe and Reliable Electrical Cables. The refurbishment of the EAC Kitui Road plant, Mwangi, disclosed, has almost tripled the firm’s copper cables and conductors’ manufacturing capacity. With a 5.5% growth in the building and construction sector as noted in the 2014 economic survey, East African Cables, Mwangi noted is now well positioned to service the local and regional market demand for electrical cables. “Until last year, the copper plant has had capacity constraints” said Mr. Mwangi “although we had invested in a higher capacity for the drawing machine (the first step in cable making), the rest of the processes had bottlenecks that limited our potential to engage in efficient production. However, with the recent upgrade works that commenced in December 2013, we have now managed to significantly address the production bottlenecks and inefficiencies to meet regional demand,” He added. The installation of the new equipment will also boost the firm’s capacity to rollout a range of new products to meet specific customer needs. “The refurbishment of this Factory is a key project for East African Cables, seeing that increased volumes will see EAC become more competitive both on the production and price front, while maintaining high quality standards,” he assured. “The new factory is now at par with the best cable factories in the world, and will have the largest capacity in East and Central Africa”. Added Mr. Mwangi.

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From a turnover of Ksh 800m in 2004 when TransCentury acquired majority stake in the business, East African Cables has been steadily enhancing its production capacity, fueled by increased investments in capital expenditure in addition to increasing its footprint through a robust distribution network in Kenya and the region and 2014 saw the company record a turnover of Ksh 5b. Such investments are expected to significantly boost the firm’s regional market. Ends ABOUT EAST AFRICAN CABLES East African Cables is a leading manufacturer of electrical cables and conductors in East and Central Africa, the company was incorporated in 1966 and is listed on the Nairobi Securities Exchange with its head office in Nairobi’s Industrial Area. It comprises of two manufacturing facilities in Nairobi, Kenya and one facility in Dar es Salaam, Tanzania. The company manufactures Copper Cables and Conductors for domestic application as well as industrial power applications and Aluminium Conductors and Cables used for power transmission and distribution. East African Cables products are targeted towards the retail market, the minor and turnkey contractor projects and the utility market. Recently, the company’s copper factory has been undergoing a major fa celift that will see an increase in its production capacity to serve the market better. For more details contact East African Cables, Marketing Office pnjeri@eacables.com July 2015

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