Nairobi, June 29 -- Listed corrugated carton manufacturer Shri Krishana Overseas Plc (SKL) has spent Sh132 million on its new Kisaju industrial plant, which is expected to increase its annual production capacity by more than sevenfold.

The new manufacturing hub, partly financed through a Sh117.9 million term loan from SBM Bank Kenya, remains incomplete amid delays, signalling the likelihood of further capital expenditure before the project is finished.

SKL's annual production capacity is projected to increase from 3,000 tonnes to 22,000 tonnes.

"Construction of the company's new manufacturing plant is progressing well although it is running behind schedule. As of year-end 2025, capital work in progress stood at Sh13.9 million. The proj...