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Mumias Sugar - Finally!
Rank: Member Joined: 8/20/2008 Posts: 83
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News just in (heard from Citizen Radio updates), is that Mumias Sugar is Closing the Factory effective tomorrow Sunday 19th October 2014. Any confirmation on this...?
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Rank: Elder You have been a member since:: 2/7/2007 Posts: 11,935 Location: Nairobi
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Normal annual shutdown most likely starting Wednesday The shutdown ought to have been at the beginning of the financial year!......It will be prolonged possibly to allow improvement on rendement and so,if your favourite packet is Mumias,you may not see it on shelves til late Dec to early Jan........MSC tried to buy cane from their neighbours (Nzoia) but this was declined.Ironically,Nzoia has roughly 250,000 MT surplus mature cane which is rotting in farms but they won't sell it to Mumias.I would expect the CS agriculture to intervene since Nzoia is a parastatal...Ama? Nothing great was ever achieved without enthusiasm.
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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Njung'e wrote:Normal annual shutdown most likely starting Wednesday
The shutdown ought to have been at the beginning of the financial year!......It will be prolonged possibly to allow improvement on rendement and so,if your favourite packet is Mumias,you may not see it on shelves til late Dec to early Jan........MSC tried to buy cane from their neighbours (Nzoia) but this was declined.Ironically,Nzoia has roughly 250,000 MT surplus mature cane which is rotting in farms but they won't sell it to Mumias.I would expect the CS agriculture to intervene since Nzoia is a parastatal...Ama? @Njung'e even if the CS intervenes which I doubt and the surpluse given to MSC , there still so many hurdles MSC should jump. when "they " decide to kill a factory for "their " business to prevail they KILL it whichever means. This company could die just like Miwani Chemilil Muhoroni...... Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Elder You have been a member since:: 2/7/2007 Posts: 11,935 Location: Nairobi
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@Boris, I highly doubt someone is trying to kill Msc.Certainly,this one was screwed by the two previous MDs.It's possible to turn it around although this may take time since cane cannot grow overnight.Secondly,if Nzoia was to provide the surplus,that would be good enough to last 2 continuous months of crushing.Benefits here would be many fold , foremost being giving cane which is almost maturing time to put on more sucrose. Nothing great was ever achieved without enthusiasm.
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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Njung'e wrote:@Boris,
I highly doubt someone is trying to kill Msc.Certainly,this one was screwed by the two previous MDs.It's possible to turn it around although this may take time since cane cannot grow overnight.Secondly,if Nzoia was to provide the surplus,that would be good enough to last 2 continuous months of crushing.Benefits here would be many fold , foremost being giving cane which is almost maturing time to put on more sucrose.
@Guka the MD's are "someones" already. remember they're kenyans and MUST have colluded with some POLITICIANS.Try find out stories on the sugar companies I have mentioned above I had mentioned in details on other MSC threads. when you put such a sugar factory in that position recovery is a tall order. NB : I have been around Miwani Chemilil Muhoroni....... for some years and I understand what sugar sector is. Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Veteran Joined: 4/23/2014 Posts: 910
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Boris Boyka wrote:Njung'e wrote:Normal annual shutdown most likely starting Wednesday
The shutdown ought to have been at the beginning of the financial year!......It will be prolonged possibly to allow improvement on rendement and so,if your favourite packet is Mumias,you may not see it on shelves til late Dec to early Jan........MSC tried to buy cane from their neighbours (Nzoia) but this was declined.Ironically,Nzoia has roughly 250,000 MT surplus mature cane which is rotting in farms but they won't sell it to Mumias.I would expect the CS agriculture to intervene since Nzoia is a parastatal...Ama? @Njung'e even if the CS intervenes which I doubt and the surpluse given to MSC , there still so many hurdles MSC should jump. when "they " decide to kill a factory for "their " business to prevail they KILL it whichever means. This company could die just like Miwani Chemilil Muhoroni...... Here's the full article, I don't think its anything out of the ordinary or to worry about. http://westfm.co.ke/index-page-news-bid-11862.htm
“You can get in way more trouble with a good idea than a bad idea, because you forget that the good idea has limits.” - Ben Graham
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Rank: New-farer Joined: 11/23/2013 Posts: 17
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So what will happen? Mumias will be removed from NSE listing?
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Rank: Elder Joined: 11/27/2007 Posts: 3,604
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Bozor wrote:So what will happen? Mumias will be removed from NSE listing? The plant has periodic shut downs for maintenance. It's not like they are closing shop African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
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Rank: Member Joined: 5/6/2014 Posts: 268 Location: Nairobi, Kenya
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MSC may not occupy the 100 year old grave dug for it after all
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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If it does not some guys who bought at 2bob will surely become richer
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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Posted: Tuesday, October 21, 2014 9:12:23 AM@Hamaina et Al Its 1year 6 days how far? HaMaina wrote:Boris Boyka wrote:Njung'e wrote:Normal annual shutdown most likely starting Wednesday
The shutdown ought to have been at the beginning of the financial year!......It will be prolonged possibly to allow improvement on rendement and so,if your favourite packet is Mumias,you may not see it on shelves til late Dec to early Jan........MSC tried to buy cane from their neighbours (Nzoia) but this was declined.Ironically,Nzoia has roughly 250,000 MT surplus mature cane which is rotting in farms but they won't sell it to Mumias.I would expect the CS agriculture to intervene since Nzoia is a parastatal...Ama? @Njung'e even if the CS intervenes which I doubt and the surpluse given to MSC , there still so many hurdles MSC should jump. when "they " decide to kill a factory for "their " business to prevail they KILL it whichever means. This company could die just like Miwani Chemilil Muhoroni...... Here's the full article, I don't think its anything out of the ordinary or to worry about. http://westfm.co.ke/index-page-news-bid-11862.htm
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Investors do not be swayed by such nasty posts mainly malicious and psychologically tormenting to make you sell at throw away prices. Stay put till things improve. Do not panic to giving in to speculators. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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Looks like the chap justed wanted to bring up the name of msc totally out of context
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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Spikes wrote:Investors do not be swayed by such nasty posts mainly malicious and psychologically tormenting to make you sell at throw away prices. Stay put till things improve. Do not panic to giving in to speculators. Quote:Streetwise Looks like the chap justed wanted to bring up the name of msc totally out of contex You two need to know I have been following mumias for a while. And been commenting much about the sugar issues in Nyanza sugar belt and MSc. How the Local politicians influence death of their industries. when the price was falling from 5/- downwards I was vocal on it being too difficult to come back on its knees. Spare some bundles go through the MSC first. Spare your flat words for another day. Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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Rank: Veteran Joined: 11/15/2013 Posts: 1,977 Location: Here
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Streetwise check here especially #454 & #455 http://www.wazua.co.ke/f...sts&t=19229&p=23Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
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