Cement News tagged under: Bamburi Cement
Bamburi Cement forecast to see 25% drop in earnings29 November 2022, Published under Cement NewsBamburi Cement is expected to post net earnings for FY2022 down by at least 25 per cent compared to FY21, according to Reuters News. The loss in earnings is being attributed to slowing demand for cement, rising energy costs and increasing raw material costs. |
Bamburi Cement celebrates eco-friendly certification21 November 2022, Published under Cement NewsBamburi Cement Kenya has secured an eco-friendly cement range certification for its four brands after achieving 30 per cent lower carbon dioxide (CO2). Speaking at the launch of the certification, Bamburi Cement Managing Director, Seddiq Hassani, called the accreditation a milestone for the company in establishing its efforts towards the global climate change obligations of net zero emissions. “At Bamburi, we will continue to pioneer carbon footprint reporting and transparency within ou... |
Kenyan cement consumption grows by 18% in 1H2222 September 2022, Published under Cement NewsKenyan cement consumption grew 18 per cent in the half year ended June, driven by increased construction activities in the private sector that defied a surge in cement prices, according to Kenya National Bureau of Statistics (KNBS). KNBS reports that 4.97Mt of cement were used in the six months from 4.06Mt consumed in a similar period last year. This was achieved despite a sharp rise in the retail price of a 50kg bag of cement which has risen by KES300 (US$2.48) since March on rising cost... |
Redecam commissions Bamburi Cement baghouse17 May 2022, Published under Cement NewsRedecam has commissioned a new bag filter at Bamburi Cement ( Holcim Group ), Mombasa , Kenya. The project required a turnkey solution to convert the main kiln and electrostatic precipitator for a new baghouse. The project had been scheduled for 2020 but had been delayed because of COVID-19. There were no loss-in-time accidents. |
Bamburi Cement full-year profit rises03 May 2022, Published under Cement NewsBamburi Cement Group reported a pre-tax profit of KES2.2bn (US$19m) in 2021, representing a 22.3 per cent YoY increase from KES1.8bn in 2020. The advance comes on the back of improved volumes and prices coupled with cost management, and also reflects continued economic recovery from impact of the COVID-19 pandemic. Group turnover increased by 19 per cent from KES34.9bn to KES41.4bn, attributed to growth in retail and key account segment in both Kenya and Uganda. Operating Profit rose b... |
Bamburi Cement to raise prices as costs escalate15 March 2022, Published under Cement NewsKenya-based Bamburi Cement ( Holcim ) plans to increase prices of its products by 2-10 per cent as of 10 March 2022. The company attributed the price rise to higher raw material costs. To sustain its operations, Bamburi will be raising prices of products marketed under its Nguvu, Tembo and Fundi brands, particularly from the company’s Nairobi, Mombasa, Limuru and Sagana depots. The price of a 50kg bag of Bamburi Cement retails between KES600 (US$5.25) and KES770. |
Bamburi Cement orders two solar power plants04 February 2022, Published under Cement NewsBamburi Cement PLC (Holcim group) has signed a power purchase agreement (PPA) with Momnai Energy Ltd to set up two solar plants adjacent to the company's Mombasa cement plant and Nairobi grinding plant in Kenya. The project, which aims to save on power costs as well as contribute to net zero carbon emissions by switching to renewable energy, is set to deploy solar power systems with a total capacity of 14.5MW and 5MW for Bamburi's Mombasa plant and Nairobi (Athi River) grinding plan... |
Bamburi Cement lands government infrastructure deals06 September 2021, Published under Cement NewsBamburi Cement has secured lucrative government contracts for the supply of cement for key infrastructure projects in the region as part of efforts to staying afloat in a competitive cement market that has seen its net profit drop by 80 per cent in five years. The East African reports that Bamburi (Holcim group) has won tenders to supply cement key government infrastructure projects in Kenya, including Thwake dam, Nairobi Expressway, Dongu Kundu bypass, Lamu port, Lamu Port-South Sudan... |
Bamburi Cement records 21% climb in turnover30 August 2021, Published under Cement NewsKenya's Bamburi Cement has recorded a 21 per cent YoY growth in turnover to KES19.6bn (US$178.45m) for the first half of 2021, compared with KES16.2bn in the 1H20. Pre-tax profit also surged to KES1.1bn from KES213m. The company attributed the results to a recovery of the cement market, with domestic and export volumes rising while demand for premium cement products also increased. "The past year has been a learning curve that has enabled us to evolve towards more modern business practic... |
Bamburi Cement Ltd changes to Bamburi Cement PLC03 August 2021, Published under Cement NewsKenya-based Bamburi Cement Ltd has changed its name to Bamburi Cement PLC in compliance with the Companies Act 2015 following shareholders’ approval on 10 June 2021. The name change follows registration of the new name in line with provisions of the Section 53 of the Companies Act 2015, that requires companies that are both a limited company and a public company to be registered with a name that ends with 'public limited company' or the abbreviation 'plc'. 'The change of name applies only... |