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New cement players grab share from major rivals

Workers at ARM Cement company plant. Its market share is 13.5pc. file photo | nmg
Workers at ARM Cement company plant. Its market share is 13.5pc. file photo | nmg 

Mombasa Cement is now Kenya’s second biggest player after leading new players to grab market share from established firms such as Bamburi #ticker:BAMB and troubled Portland Cement.

The maker of the Nyumba brand, which began operations in 2007, now has a market share of 15.8 per cent to rank behind Bamburi’s 32.6 per cent as at end of 2016, according to research by Standard Investment Bank.

East African Portland Cement Company (EAPCC) has been dislodged from second to third position with a market index of 15.1 per cent, slightly ahead of Savannah Cement’s 15.0 per cent.

Listed ARM Cement controls 13.5 per cent of Kenya’s competitive cement industry, with National Cement –maker of Simba brand— ranked the smallest player with a market share of eight per cent, shows the SIB research.

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