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SKL spends Sh132m on Kisaju plant to lift output sevenfold
Shri Krishana Overseas Ltd Managing Director Sonvir Singh (left) and Shri Krishana Overseas Ltd Finance Director Nirmal Chaudhary (right) interact with Boniface Kyalo an employee at the production facility located in Nairobi on September 18, 2024.
Listed corrugated carton manufacturer Shri Krishana Overseas Plc (SKL) has spent Sh132 million on its new Kisaju industrial plant, which is expected to increase its annual production capacity by more than sevenfold.
The new manufacturing hub, partly financed through a Sh117.9 million term loan from SBM Bank Kenya, remains incomplete amid delays, signalling the likelihood of further capital expenditure before the project is finished.
