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Mumias Sugar - Finally!
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kanyimwa
#1 Posted : Saturday, October 18, 2014 11:16:46 AM
Rank: Member

Joined: 8/20/2008
Posts: 83
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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Njung'e
#2 Posted : Saturday, October 18, 2014 11:32:22 AM
Rank: Elder

Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
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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  | | Edit by user: Saturday, October 18, 2014 11:36 AM | Reason: Not specified
Boris Boyka
#3 Posted : Saturday, October 18, 2014 12:03:05 PM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
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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Njung'e
#4 Posted : Saturday, October 18, 2014 12:58:54 PM
Rank: Elder

Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
@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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Boris Boyka
#5 Posted : Saturday, October 18, 2014 1:13:19 PM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
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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HaMaina
#6 Posted : Tuesday, October 21, 2014 9:12:23 AM
Rank: Veteran

Joined: 4/23/2014
Posts: 931
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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Bozor
#7 Posted : Tuesday, October 21, 2014 11:41:57 AM
Rank: New-farer

Joined: 11/23/2013
Posts: 17
So what will happen? Mumias will be removed from NSE listing?
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Sober
#8 Posted : Tuesday, October 21, 2014 11:55:04 AM
Rank: Elder

Joined: 11/27/2007
Posts: 3,604
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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Akenyan2014
#9 Posted : Tuesday, October 21, 2014 12:29:18 PM
Rank: Member

Joined: 5/6/2014
Posts: 268
Location: Nairobi, Kenya
MSC may not occupy the 100 year old grave dug for it after all
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streetwise
#10 Posted : Tuesday, October 21, 2014 1:08:16 PM
Rank: Veteran

Joined: 6/23/2011
Posts: 1,740
Location: Nairobi
If it does not some guys who bought at 2bob will surely become richer
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