Bamburi Cement launches product targeting mortar and plaster worksFebruary 19, 2020
NAIROBI, Kenya, Feb 19 – Cement manufacturer Bamburi has introduced a new product, into the Kenyan market with enhanced capabilities for masonry and plaster works.
According to Bamburi Cement Chief Executive Officer Sediqq Hassani the product dubbed ‘Fundi’ Cement, is cost friendly and has been designed for a specific purpose to meet customer needs.
will meet some of our customer needs and more importantly at a more affordable
cost for masonry and plaster works,” said Hassani.
The product is said to have improved capabilities for masonry and plaster works which can be used in brick and block laying, plastering, rendering, screed and repair works.
launched product comes at a time when government targets to construct 500,000
units under the affordable housing program by 2022.
The government has so far constructed 228 units at the Park Road housing development in Nairobi with 300 Kenyans meeting the 12.5 percent threshold to acquire a house.
The launch of
the Fundi Cement product comes at a time when the construction sector has
registering poor results which has seen other companies shut down or lay off
is East Africa Portland Cement that last year almost fired its entire workforce
citing the need to trim their payrolls.
Hassani said some of the factors that has affected the sectors’ performance in
the past three years are related to incomplete projects, political pressure
witness in electioneering period among others.
“ 2017 was
the year of election and it had an impact on the construction sector and last
year we saw big projects such as SGR, the highway between Mombasa and Nairobi
projects that were stopped which continues to affect the results of the
construction sector,” Hassani said during the launch of Fundi Cement Product.
“On the other
end people were not building homes last year as banks were not loaning them as
such due to the interest rates, but we hope to see a change after the repeal,”
the 50kg bag of Fundi cement will retail at Sh540 and Sh600 in Mombasa while in
Kisumu a bag of Fundi cement will cost Sh620.