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Mumias Sugar huge demand
Rank: Veteran Joined: 9/21/2011 Posts: 2,032
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obiero wrote:Ericsson wrote:FUNKY wrote:If government was able to revive rivatex i fail to understand what is stopping them to revive mumias sugar factory! No will to revive. Its profitable for the well connected individuals in government to import sugar than mill locally That’s why it failed in the first place Tragedy of our times. Everyone takes sugar with tea / coffee daily so there's ready market to support local production but due to greed of a few people we have to import and create jobs elsewhere
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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FUNKY wrote:If government was able to revive rivatex i fail to understand what is stopping them to revive mumias sugar factory! Because Goldman Weta and the shortest serving VP have refused to shake hands with son of Jomo. Life is short. Live passionately.
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Rank: New-farer Joined: 1/14/2015 Posts: 16 Location: Ngamia 1
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https://www.standardmedi...ed-under-administration
Mumias Sugar Company National Shareholders Forum chairman Muthuri Nyamu urged the Capital Markets Authority (CMA) to stop interfering with the Oparanya’s administration plans to help revamp the sugar firm.
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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BKB wrote:https://www.standardmedia.co.ke/article/2001331638/shareholders-want-mumias-placed-under-administration
Mumias Sugar Company National Shareholders Forum chairman Muthuri Nyamu urged the Capital Markets Authority (CMA) to stop interfering with the Oparanya’s administration plans to help revamp the sugar firm. It will be the best decision ever
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Rank: Veteran Joined: 4/23/2014 Posts: 909
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FUNKY wrote:BKB wrote:https://www.standardmedia.co.ke/article/2001331638/shareholders-want-mumias-placed-under-administration
Mumias Sugar Company National Shareholders Forum chairman Muthuri Nyamu urged the Capital Markets Authority (CMA) to stop interfering with the Oparanya’s administration plans to help revamp the sugar firm. It will be the best decision ever Oparanya is a politician, besides maybe his need to help his people again maybe, helping the common mwanainchi is never that important.There is also a greater need to remain relevant politically. That's why this last minute administration nonsense decision should not be taken seriously. If anything the parallel shareholder group that was collecting views alongside Oparanya and Kimunya seems more sincere. “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: Elder Joined: 2/7/2007 Posts: 921
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HaMaina wrote:FUNKY wrote:BKB wrote:https://www.standardmedia.co.ke/article/2001331638/shareholders-want-mumias-placed-under-administration
Mumias Sugar Company National Shareholders Forum chairman Muthuri Nyamu urged the Capital Markets Authority (CMA) to stop interfering with the Oparanya’s administration plans to help revamp the sugar firm. It will be the best decision ever Oparanya is a politician, besides maybe his need to help his people again maybe, helping the common mwanainchi is never that important.There is also a greater need to remain relevant politically. That's why this last minute administration nonsense decision should not be taken seriously. If anything the parallel shareholder group that was collecting views alongside Oparanya and Kimunya seems more sincere. 6 months elapsed son.
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Rank: Veteran Joined: 4/23/2014 Posts: 909
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Njunge wrote:HaMaina wrote:FUNKY wrote:BKB wrote:https://www.standardmedia.co.ke/article/2001331638/shareholders-want-mumias-placed-under-administration
Mumias Sugar Company National Shareholders Forum chairman Muthuri Nyamu urged the Capital Markets Authority (CMA) to stop interfering with the Oparanya’s administration plans to help revamp the sugar firm. It will be the best decision ever Oparanya is a politician, besides maybe his need to help his people again maybe, helping the common mwanainchi is never that important.There is also a greater need to remain relevant politically. That's why this last minute administration nonsense decision should not be taken seriously. If anything the parallel shareholder group that was collecting views alongside Oparanya and Kimunya seems more sincere. 6 months elapsed son. Pints are on me, when we meet. I'm still on this one. “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: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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BKB wrote:https://www.standardmedia.co.ke/article/2001331638/shareholders-want-mumias-placed-under-administration
Mumias Sugar Company National Shareholders Forum chairman Muthuri Nyamu urged the Capital Markets Authority (CMA) to stop interfering with the Oparanya’s administration plans to help revamp the sugar firm. Quack stakeholders' chairman. 1.Doesn't he know shareholders act through the agm; 2. Why does he support interference by strangers in the company affairs? Life is short. Live passionately.
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Rank: Veteran Joined: 4/23/2014 Posts: 909
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Monday a new year begins, I still have alot of hope on this one. “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: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Run away Life is short. Live passionately.
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Rank: Elder Joined: 2/7/2007 Posts: 921
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One of their key steam plant units which was limping when they stopped would require serious repairs even if they got raw material tomorrow. How long would it take? I think the original manufacter was Actom John Thompson or Five Cails. Either boiler maker do not have off shelf spares for such units and they would require a lead time of not less than 6 months to have the parts on site. A further 4 months would be required to refurbish and commission. If that process started tomorrow, then the earliest MSc can resume crushing would be May 2020. I think it won't happen since there are no concrete revival plans available so far. There is a 99‰ chance MSc will produce less than 1 kg of sugar, less than 1 litre of ethanol and less than 1 watt of electricity in 2020.
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Rank: Elder Joined: 7/22/2008 Posts: 2,702
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Njunge wrote:One of their key steam plant units which was limping when they stopped would require serious repairs even if they got raw material tomorrow. How long would it take? I think the original manufacter was Actom John Thompson or Five Cails. Either boiler maker do not have off shelf spares for such units and they would require a lead time of not less than 6 months to have the parts on site. A further 4 months would be required to refurbish and commission. If that process started tomorrow, then the earliest MSc can resume crushing would be May 2020. I think it won't happen since there are no concrete revival plans available so far. There is a 99‰ chance MSc will produce less than 1 kg of sugar, less than 1 litre of ethanol and less than 1 watt of electricity in 2020. How much is the plant worth as scrap metal?
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Rank: Elder Joined: 2/7/2007 Posts: 921
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Kusadikika wrote:Njunge wrote:One of their key steam plant units which was limping when they stopped would require serious repairs even if they got raw material tomorrow. How long would it take? I think the original manufacter was Actom John Thompson or Five Cails. Either boiler maker do not have off shelf spares for such units and they would require a lead time of not less than 6 months to have the parts on site. A further 4 months would be required to refurbish and commission. If that process started tomorrow, then the earliest MSc can resume crushing would be May 2020. I think it won't happen since there are no concrete revival plans available so far. There is a 99‰ chance MSc will produce less than 1 kg of sugar, less than 1 litre of ethanol and less than 1 watt of electricity in 2020. How much is the plant worth as scrap metal? No idea but apart from that unit and the process house which also requires some fixing, the plant is a good going concern. Challenge is who is ready to spend on it, what to do with it after fixing it in the absence of raw material. Of course good engineers, technicians and plant operators, most of whom were trained by Booker Tate, took off. Getting personnel to run and maintain the plant would also be a serious challenge.
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Njunge wrote:Kusadikika wrote:Njunge wrote:One of their key steam plant units which was limping when they stopped would require serious repairs even if they got raw material tomorrow. How long would it take? I think the original manufacter was Actom John Thompson or Five Cails. Either boiler maker do not have off shelf spares for such units and they would require a lead time of not less than 6 months to have the parts on site. A further 4 months would be required to refurbish and commission. If that process started tomorrow, then the earliest MSc can resume crushing would be May 2020. I think it won't happen since there are no concrete revival plans available so far. There is a 99‰ chance MSc will produce less than 1 kg of sugar, less than 1 litre of ethanol and less than 1 watt of electricity in 2020. How much is the plant worth as scrap metal? No idea but apart from that unit and the process house which also requires some fixing, the plant is a good going concern. Challenge is who is ready to spend on it, what to do with it after fixing it in the absence of raw material. Of course good engineers, technicians and plant operators, most of whom were trained by Booker Tate, took off. Getting personnel to run and maintain the plant would also be a serious challenge. If it is a good going concern then wonder why rai is not putting a takeover bid!
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Rank: Veteran Joined: 4/23/2014 Posts: 909
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Workers in state-owned sugar mills want Sh1.2bn salary arrears cleared before privatization“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: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi
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Like KQ, let Mumias die and let the taxpayer move on. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Hello Joined: 5/24/2019 Posts: 8 Location: Nairobi
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Did their ethanol project ever get any momentum? I remember in 2013 they approached my office when I worked for a paints factory. They tried to convince my boss to substitute methanol for their ethanol. They did not get an order but I really wanted them succeed. Unfortunately I can't change my username SMH!
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Rank: Chief Joined: 1/3/2007 Posts: 18,095 Location: Nairobi
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Failed Businessman wrote:Did their ethanol project ever get any momentum? I remember in 2013 they approached my office when I worked for a paints factory. They tried to convince my boss to substitute methanol for their ethanol. They did not get an order but I really wanted them succeed. Are methanol and ethanol pure substitutes? I think Mumias problem isn't the market for their ethanol but the lack of raw material to produce ethanol. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Hello Joined: 5/24/2019 Posts: 8 Location: Nairobi
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VituVingiSana wrote:Failed Businessman wrote:Did their ethanol project ever get any momentum? I remember in 2013 they approached my office when I worked for a paints factory. They tried to convince my boss to substitute methanol for their ethanol. They did not get an order but I really wanted them succeed. Are methanol and ethanol pure substitutes? I think Mumias problem isn't the market for their ethanol but the lack of raw material to produce ethanol. The mumias guys believed the ethanol was a good substitute but did not present their case well. They used a lot of chemistry lingo. I remember them trying to explain to my boss how there is just one extra carbon per molecule and my boss giving them a blank stare. Interestingly, the company had tried ethanol some few years back. One of the challenges that I remember my boss highlighting was the ethanol smell. I cant remember the other challenges but tomorrow I can ring my boss up just to confirm. Unfortunately I can't change my username SMH!
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Rank: Elder Joined: 6/23/2009 Posts: 13,497 Location: nairobi
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Failed Businessman wrote:VituVingiSana wrote:Failed Businessman wrote:Did their ethanol project ever get any momentum? I remember in 2013 they approached my office when I worked for a paints factory. They tried to convince my boss to substitute methanol for their ethanol. They did not get an order but I really wanted them succeed. Are methanol and ethanol pure substitutes? I think Mumias problem isn't the market for their ethanol but the lack of raw material to produce ethanol. The mumias guys believed the ethanol was a good substitute but did not present their case well. They used a lot of chemistry lingo. I remember them trying to explain to my boss how there is just one extra carbon per molecule and my boss giving them a blank stare. Interestingly, the company had tried ethanol some few years back. One of the challenges that I remember my boss highlighting was the ethanol smell. I cant remember the other challenges but tomorrow I can ring my boss up just to confirm. Uko na username mbaya sana HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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