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Mumias Sugar huge demand
Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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The only news is that there is msc sugar packages are occupying 80 percent of the space at nakumatt. Is this good or ?
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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streetwise wrote:The only news is that there is msc sugar packages are occupying 80 percent of the space at nakumatt. Is this good or ? Good I guess... possunt quia posse videntur
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Rank: Elder Joined: 8/16/2011 Posts: 2,386
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When will it retrace to the price of 10-15Kes under the New Management. Will this take 1 to 2 years?
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Rank: Elder Joined: 8/16/2011 Posts: 2,386
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Or will it get privatised as soon as possible.?
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Rank: Elder Joined: 4/30/2008 Posts: 6,029
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Realtreaty wrote:Or will it get privatised as soon as possible.? Mumias was privatised many years ago or what do you mean?
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Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi
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Kwale Sugar to launch branded retail products from 2016. Recently opened Kwale International Sugar Company Limited (KISCOL) will start packaging its sugar in smaller packets (2kg and below) from 2016. Currently, the company is selling its products in 50kg bags. Developed in partnership with Mauritian sugar producer Omnicane Limited (25% stake), KISCOL incorporates a nucleus estate of 5,500 hectares of cultivated cane; a 3000 tonnes- crushed-per-day sugar mill; an 18 megawatt bagasse-fired power plant and a sophisticated irrigation and water management system (sub-surface drip-feed irrigation) for about half of the current nucleus estate. Sale of power(10MW) to the grid will commence after an ongoing evacuation line is completed (neighboring KISCOL, is Base Titanium - an Australian mining firm involved in mining heavy minerals, where the power could be sold). KISCOL will provide affordable, locally grown sugar which will not require the Common Market for Eastern and Southern Africa (COMESA) duty protection for survival. Kenya’s local industry yields an average of 63 t/Ha with maturity at 18-24 months (rain fed). For KISCOL, the maturity will be within 12 months and yields are at 110 t/Ha (irrigated). Recovery rate of sugar for KISCOL and the rest of Kenya’s sugar industry is similar at around 10%. KISCOL is owned by family run investment group, Pabari Investments Limited, which has a presence across several industry sectors including agribusiness, pharmaceuticals, transport, petroleum, medical care, education and IT. For the bulk of sugar industry based in western Kenya to survive, it is clear that key focus will have to be on agriculture development to ensure the yields and maturity periods can be improved drastically. This will enable companies such as Mumias Sugar to compete effectively. (KISCOL, Standard Investment Bank) Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 3/2/2009 Posts: 26,331 Location: Masada
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VituVingiSana wrote:Kwale Sugar to launch branded retail products from 2016. Recently opened Kwale International Sugar Company Limited (KISCOL) will start packaging its sugar in smaller packets (2kg and below) from 2016. Currently, the company is selling its products in 50kg bags. Developed in partnership with Mauritian sugar producer Omnicane Limited (25% stake), KISCOL incorporates a nucleus estate of 5,500 hectares of cultivated cane; a 3000 tonnes- crushed-per-day sugar mill; an 18 megawatt bagasse-fired power plant and a sophisticated irrigation and water management system (sub-surface drip-feed irrigation) for about half of the current nucleus estate. Sale of power(10MW) to the grid will commence after an ongoing evacuation line is completed (neighboring KISCOL, is Base Titanium - an Australian mining firm involved in mining heavy minerals, where the power could be sold).
KISCOL will provide affordable, locally grown sugar which will not require the Common Market for Eastern and Southern Africa (COMESA) duty protection for survival. Kenya’s local industry yields an average of 63 t/Ha with maturity at 18-24 months (rain fed). For KISCOL, the maturity will be within 12 months and yields are at 110 t/Ha (irrigated). Recovery rate of sugar for KISCOL and the rest of Kenya’s sugar industry is similar at around 10%. KISCOL is owned by family run investment group, Pabari Investments Limited, which has a presence across several industry sectors including agribusiness, pharmaceuticals, transport, petroleum, medical care, education and IT. For the bulk of sugar industry based in western Kenya to survive, it is clear that key focus will have to be on agriculture development to ensure the yields and maturity periods can be improved drastically. This will enable companies such as Mumias Sugar to compete effectively. (KISCOL, Standard Investment Bank) And yesterday I saw several 2kgs branded Mumias sugar on the Tuskys shelves...signs of recovery or are the Museveni sugar packed in Mumias gunny bags? Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi
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Impunity wrote:VituVingiSana wrote:Kwale Sugar to launch branded retail products from 2016. Recently opened Kwale International Sugar Company Limited (KISCOL) will start packaging its sugar in smaller packets (2kg and below) from 2016. Currently, the company is selling its products in 50kg bags. Developed in partnership with Mauritian sugar producer Omnicane Limited (25% stake), KISCOL incorporates a nucleus estate of 5,500 hectares of cultivated cane; a 3000 tonnes- crushed-per-day sugar mill; an 18 megawatt bagasse-fired power plant and a sophisticated irrigation and water management system (sub-surface drip-feed irrigation) for about half of the current nucleus estate. Sale of power(10MW) to the grid will commence after an ongoing evacuation line is completed (neighboring KISCOL, is Base Titanium - an Australian mining firm involved in mining heavy minerals, where the power could be sold).
KISCOL will provide affordable, locally grown sugar which will not require the Common Market for Eastern and Southern Africa (COMESA) duty protection for survival. Kenya’s local industry yields an average of 63 t/Ha with maturity at 18-24 months (rain fed). For KISCOL, the maturity will be within 12 months and yields are at 110 t/Ha (irrigated). Recovery rate of sugar for KISCOL and the rest of Kenya’s sugar industry is similar at around 10%. KISCOL is owned by family run investment group, Pabari Investments Limited, which has a presence across several industry sectors including agribusiness, pharmaceuticals, transport, petroleum, medical care, education and IT. For the bulk of sugar industry based in western Kenya to survive, it is clear that key focus will have to be on agriculture development to ensure the yields and maturity periods can be improved drastically. This will enable companies such as Mumias Sugar to compete effectively. (KISCOL, Standard Investment Bank) And yesterday I saw several 2kgs branded Mumias sugar on the Tuskys shelves...signs of recovery or are the Museveni sugar packed in Mumias gunny bags? It's good to see Mumias sugar on the shelves. What's interesting is that KISCOL can compete WITHOUT the COMESA safeguards. Imagine the profits KISCOL makes under the current regime if they can compete with duty free sugar from COMESA! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 6/23/2011 Posts: 1,740 Location: Nairobi
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MSC Sugar is all over. I think the new management want to act with little noise making . This thing may turn out to be a money maker.
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Rank: Member Joined: 9/14/2011 Posts: 869 Location: nairobi
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streetwise wrote:MSC Sugar is all over. I think the new management want to act with little noise making . This thing may turn out to be a money maker. where can i get the full set of last financial statements?
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