East Africa cable firm expands
Feb 26, 2009
ONE of the leading local cable manufacturing firms, East African Cables, has unveiled a Ksh1b (about sh25b) three-year continental expansion plan.
By Vision Reporter
ONE of the leading local cable manufacturing firms, East African Cables, has unveiled a Ksh1b (about sh25b) three-year continental expansion plan.
The firm’s expansion plan would see the firm establish branches in 12 African countries up from five countries by 2012, the chief executive officer, George Mwangi, said.
He said they would commission a new copper cables production line and do major upgrades at the Nairobi copper production line later this year. He said this would boost their capacity by 60%.
“Our affiliation with Nexans, the global expert in cables and cabling systems, is bearing fruits,†he said.
Currently operating in the five East Africa countries of Kenya, Uganda, Tanzania, Rwanda, and Burundi, East African Cables has grown its export portfolio which accounted for 57% of its turnover in 2008 compared to 31% the previous year.
On the downside Mr. Mwangi sited fluctuations in aluminum business to the local utility- K.PL.C this accounted for about 10% of the group turnover down from 28% the previous year. This on a positive note serves to eliminate concentration risk.
ONE of the leading local cable manufacturing firms, East African Cables, has unveiled a Ksh1b (about sh25b) three-year continental expansion plan.
The firm’s expansion plan would see the firm establish branches in 12 African countries up from five countries by 2012, the chief executive officer, George Mwangi, said.
He said they would commission a new copper cables production line and do major upgrades at the Nairobi copper production line later this year. He said this would boost their capacity by 60%.
“Our affiliation with Nexans, the global expert in cables and cabling systems, is bearing fruits,†he said.
Currently operating in the five East Africa countries of Kenya, Uganda, Tanzania, Rwanda, and Burundi, East African Cables has grown its export portfolio which accounted for 57% of its turnover in 2008 compared to 31% the previous year.
On the downside Mr. Mwangi sited fluctuations in aluminum business to the local utility- K.PL.C this accounted for about 10% of the group turnover down from 28% the previous year. This on a positive note serves to eliminate concentration risk.