Bamburi Cement Explained

Bamburi Cement Limited
Type:Public
Founder:Felix Mandl
Key People:John Simba
Chairman of the Board
Seddiq Hassani
Managing Director
Industry:Construction
Products:Cement and concrete
Revenue: KES: 39.2 billion (2015)
Net Income: KES: 5.87 billion (2015)
Assets: KES: 42 billion (2015)
Equity: KES: 29.7 billion (2015)
Num Employees:851
Foundation:1951
Location:Nairobi, Kenya
Homepage:Homepage

Bamburi Cement Limited is an industrial company in Kenya specialising in cement and concrete. The company has operations in Bamburi suburb of Mombasa, it is headquartered in Nairobi and its stock is listed on the Nairobi Securities Exchange.[1]

Overview

Bamburi Cement is the largest manufacturer of cement in Eastern Africa, with its cement plant in Mombasa being the second largest cement plant in sub-Saharan Africa. This has given it the title of largest manufacturing export earner in Kenya.[2] As of December 2015, the company's total assets were valued at US$420 million, with shareholders' equity of about US$297 million.[3]

History

Bamburi Cement was founded in 1951 by Felix Mandl[4] as a partnership between Cementia Holding and Blue Circle in British Kenya. production from its Mombasa plant in 1954. In 1998, Bamburi opened a clinker grinding plant in

Subsidiaries and investments

The companies that comprise Bamburi Cement include, but are not limited, to the following:

Shareholding

The shares of Bamburi Cement are traded on the main market segment of the Nairobi Securities Exchange, under the ticker symbol: BAMB. The shareholding in the company's stock as at 31 December 2016 was as depicted in the table below:

Bamburi Cement Limited Stock Ownership! Rank !!Name of Owner!!Percentage Ownership
1Fincem Holding Limited 29.30
2Kencem Holding Limited 29.30
3Others investors 41.40
Total100.00
Fincem Holding Limited and Kencem Holding Limited are subsidiaries of LafargeHolcim. This gives LafargeHolcim 58.6% control of Bamburi Cement.[10]

Environmental concerns

During its early years, cement production grew from 1.2 million tons to 25 million tons. This made the Bamburi quarries inhospitable arid wasteland with brackish water. In 1959, the company engaged Rene Haller to beautify the area. In the 1971 Haller embarked on the reforestation project leading to the formation of Haller Park. The park is tourist attraction with a wide range of flora and fauna.[11]

The company has since aimed to convert barren landscape of disused limestone quarries into vibrant and diverse ecosystem of forest, grasslands and ponds.

Sponsorship

Bamburi Rugby Super Series

The Bamburi Rugby Super Series is an East African Rugby union competition with eight teams in total, five teams from Kenya, two from Uganda and one from Tanzania. It is closely based on the Super Rugby competition in the southern hemisphere. Games take place at the RFUEA Ground in Nairobi, Friedkin Recreation Centre in Arusha and the Kyadondo Grounds, Kampala.[12]

See also

External links

Notes and References

  1. Web site: NSE - Listed companies. Nairobi Securities Exchange. 2015-12-31. 28 September 2020. https://web.archive.org/web/20200928092308/https://www.nse.co.ke/listed-companies/list.html. dead.
  2. Web site: LafargeHolcim in Kenya: Bamburi Cement Limited. LafargeHolcim. 2016-10-16. 16 December 2016. https://web.archive.org/web/20161216143709/http://www.lafarge.co.ke/wps/portal/ke/1_1_1-Bamburi_Cement. dead.
  3. Web site: Bamburi Cement 2015 Annual Report. 2015-12-31. Bamburi Cement. 2016-10-16. https://web.archive.org/web/20161019000747/http://www.lafarge.co.ke/Bamburi_AR_HQ.pdf. 19 October 2016. dead.
  4. News: Kenya Business Directory . www.kendir.com . dead . https://web.archive.org/web/20101107051355/http://www.kendir.com/bamburi-cement.html . 7 November 2010 .
  5. Web site: Hello Trade - Bamburi Cement Profile. 2016-10-17. https://web.archive.org/web/20161018210509/http://www.hellotrade.com/bamburi-cement-kenya/profile.html. 18 October 2016. dead.
  6. Web site: Bamburi Special Products. Bamburi Cement. 2016-10-16.
  7. Web site: Lafarge Eco-Systems. Bamburi Cement. 2016-10-17. https://web.archive.org/web/20161019000744/http://www.lafarge.co.ke/wps/portal/ke/5_1-Lafarge_Ecosystems. 19 October 2016. dead.
  8. Web site: EFFECTS OF COMPETITION ON THE PROFITABILITY OF CEMENT MANUFACTURERS IN KENYA. 2016-10-17.
  9. http://www.eastafricanportland.com/userfiles/file/EAPCC%20ANNUAL%20FINAL%20REPORT%202012%20FINALISED.pdf East Africa Portland Cement 2011/12 Annual Report Page 85
  10. Web site: Holcim assumes control of Bamburi Cement. 11 July 2014. Pro Global Media. 16 October 2016.
  11. Web site: Haller Park. Bamburi Cement. 2016-10-16.
  12. http://www.kbc.co.ke/story.asp?ID=64123{{Dead link|date=June 2019 |bot=InternetArchiveBot |fix-attempted=yes }}