Cement News tagged under: Bamburi Cement
Bamburi Cement reports 66% fall in net profit for 201729 March 2018, Published under Cement NewsBamburi Cement has recorded a 66 per cent YoY fall in its net profit for the full-year 2017 period, decreasing to KES1.97bn (US$19.51m) from KES5.8bn. The results have been attributed to lower sales in Kenya after the prolonged election cycle, tightened liquidity and delayed projects, according to All Africa. Similarly, operating profit dropped 50 per cent to KES4.1bn as a result of lower revenue and higher energy prices. Overall, group turnover slipped KES2bn YoY to finish at KES36bn. ... |
Bamburi Cement makes new appointments13 February 2018, Published under Cement NewsSeddiq Hassani has been appointed as the managing director of Bamburi Cement, Kenya. Mr Hassani made the move from LafargeHolcim Middle East and Africa, where he was the Head of Growth and Innovation. Mr Hassani will replace Eric Kironde who has been the acting MD for the last four months, reports The Star. "We are confident that with his strong and wide experience in operational and functional positions and more specifically in leading transformation and managing growth strategies at bot... |
Bamburi Cement suspends plans to switch to solar power18 December 2017, Published under Cement NewsBamburi Cement has put its plans to switch to solar power on hold, reports Standard Digital. The high cost of the project has left the company to resort to other methods to reduce its rising energy expenses, such as using waste tyres for fuel. Bamburi Cement spends KES2.4bn (US$23.2m) annually on electricity to run its two plants in Mombasa and Nairobi. These figures make it the second-highest consumer of electricity in Kenya. To reduce that power usage by a significant factor, the compa... |
Bamburi Cement launches seasonal driver improvement programme07 December 2017, Published under Cement NewsBamburi Cement has begun a pre-Christmas campaign to improve driver safety. Over 1200 drivers and 1,000 bodaboda operators are set to benefit from the training that will be offered during the campaign. The campaign's caravan was waved off from the company's Mombasa plant based in Bamburi on Tuesday, and will stop at identified locations in the coastal city before proceeding to Mariakani, Voi, Mtito Andei, Makindu, Sultan Hamud, Salama, Masimba, Machakos Junction, Athi River (Mlolongo) and ... |
Bamburi Cement appoints new interim CEO06 October 2017, Published under Cement NewsBamburi Cement of Kenya has appointed chief financial officer Eric Kironde as its interim CEO following the departure of Bruno Pescheux. Pescheux stepped down from the role at the end of last month after a three-year stint in charge of Bamburi, opting to retire according to Chairman John Simba. "We would like to recognise the contribution of Bruno Pescheux and thank him for his leadership. We wish him a long and happy retirement," he said. The company will now look to Eric Kironde to ma... |
Bamburi posts decline in half-year profit29 August 2017, Published under Cement NewsBamburi Cement posted a 36 per cent decline in its half-year net profit to KES1.8bn (US$17.4m) compared to a KES2.8bn recorded in the first six months of 2016. Turnover stood at KES17.5bn which is KES1.6bn behind prior year while operating profit reduced from KES4.1bn to KES2.7bn. Management attributed the decline to a difficult business environment in Kenya characterised by a contracting market, low private sector investment resulting in a slump in construction activity, especially in ... |
Bamburi gears up for grinding expansion13 July 2017, Published under Cement NewsBamburi Cement is set to start expansion of its Athi River grinding plant in Kenya next month, wth a senior executive saying that it has completed pre-construction preparation for the project. “In January we embarked on this 18-month project to construct a new cement grinding line at Athi River, and with civil works currently underway, structural work is set to commence next month,” Managing Director, Bruno Pescheux, said in a statement yesterday. The expansion of the plant is aimed at ... |
Kenya: Bamburi appoints three women to all-male board16 March 2017, Published under Cement NewsBamburi Cement has appointed three women as directors to its previously all-male board. Appointees include former Kenya Revenue Authority (KRA) Commissioner for Domestic Taxes, Alice Owuor, Rita Kavashe, chief executive of General Motors East Africa (GMEA) and Equity Group Foundation’s managing director, Dr Hellen Gichohi. The female directors now represent 30 per cent of the cement manufacturer’s board that previously comprised of just seven men after two female directors (deputy Cent... |
Kenya: Bamburi Cement profits flat for 201610 March 2017, Published under Cement NewsLafargeHolcim subsidiary Bamburi Cement earned KES5.89bn (US$57.4m) in after tax profits in 2016, up just 0.3 per cent on the previous year, reports the Star newspaper. The company stressed that operating profits had shown a more robust performance, rising by eight per cent to KES7.9bn. Turnover was down 2.9 per cent, but production costs fell faster, dropping by seven per cent to KES24.8bn. “Overall, there was a marginal reduction in volumes into inland Africa export markets and in... |
Kenya: cement consumption falls 5.3% in 3Q1604 January 2017, Published under Cement NewsThe growth in cement consumption fell by 5.3 per cent in the third quarter of 2016 compared to 3Q15, according to a report from the Kenya National Bureau of Statistics (KNBS). The KNBS data shows that the domestic market consumed 1.52Mt of cement in the three months to September 2016, compared to 1.45Mt in the same period in 3Q15 and 1.3Mt in 3Q14. The decline in cement demand was in line with a general slowdown in the construction sector. Lower demand from major infrastructure p... |