Cement News tagged under: Bamburi Cement
Bamburi Cement 2012 pretax profit down 15%01 March 2013, Published under Cement NewsBamburi Cement has reported a 15 per cent decline in pretax profit for full year 2012 to KES7.17bn (US$83m) as it is impacted by lower gains on its foreign currency holdings, Reuters has reported. Bamburi Cement, which is part of the Lafarge group, said turnover edged up four per cent to KES37.bn but higher costs drove operating down 14 per cent. "The group anticipates underlying cement demand to continue growing in the region despite a slow start in Kenya influenced by the election pe... |
Kenya: EAPCC reverts to Bamburi for clinker supply31 December 2012, Published under Cement NewsEast Africa Portland Cement Company (EAPCC) has turned to its shareholder, Bamburi Cement, to supply clinker a year after it severed a four-year supply deal with the firm and inked a contract with National Cement. EAPCC fell out with National Cement for breach of contract linked to non-payment and making orders of clinker that were below the agreed quantity threshold, according to reports in the Business Daily of Kenya. “I’m not supplying them because they are not paying,” said Mr Naren... |
Bamburi Cement appoints director, Kenya30 November 2012, Published under Cement NewsBamburi Cement has appointed John Simba as a director. The effective date is November 29, 2012. |
National Cement to open new 1.65Mta Nairobi works21 November 2012, Published under Cement NewsNational Cement announced plans to open a new 1.65Mta cement works in the outskirts of Nairobi, Kenya. The company said it received an undisclosed loan from KCB Group, raw materials on credit and a cash injection from its parent company Devki Group of Companies to finance the new KES11.9bn. The new capacity is expected to intensify to battle for control of the regional cement market. The entry of National Cement and Mombasa Cement increased competition with the latter rapidly claiming... |
Kenya: Bamburi Cement commissions a new baghouse13 November 2012, Published under Cement NewsLafarge's Bamburi Cement has commissioned a KES540m kiln baghouse to eliminate dust emissions and save energy during production. This is part of the group’s Environmental Sustainability Ambitions 2012, aimed at reducing dust emissions by 30 per cent by the end of 2012, as it moves towards the overall goal of reaching the required global standards of below 50mg/Nm3. Commissioning the new technology Dr Ayub Macharia, director, applauded the investment saying it is in conformity to NEMA and in... |
Bamburi first-half pretax profit falls, Kenya03 August 2012, Published under Cement NewsKenya’s leading cement producer Bambur Cement posted a 12.86 per cent fall in pretax profit for the first half of this year to KES3.7bn (US$43.89m), hurt by financing costs that exceeded revenue growth, the company said on Friday. The company, which is part of the Lafarge group, said turnover increased 17 per cent to KES19.2bn. "The regional cement market will continue to be vibrant. Focus will be on retaining the upward trend of revenue growth," Bamburi said in a statement, adding th... |
Kenya: cement makers gamble on growing demand03 May 2012, Published under Cement NewsCement makers in Kenya are hoping demand from the housing sector, infrastructure and exports will sustain steady growth in consumption of the commodity in the local market. Despite reports of a slowing real estate sector, manufacturers say consumption of the cement increased in the 1Q12, driven by the other two segments. "This is driven mainly by three sectors: housing, infrastructure and exports. Overall consumption from these three sectors did increase in the first quarter," said Surend... |
Kenya: NSSF faces off with Lafarge over board seat at Bamburi24 April 2012, Published under Cement NewsNational Social Security Fund (NSSF) is set to open a fresh fight with French conglomerate Lafarge over the control of Bamburi Cement as it demands a seat on the cement maker’s board it lost last year. The cement firm – which is owned 58.4% by Lafarge – dropped NSSF representative Alex Kazongo from its board in March, citing his failure to attend successive meetings. Now, the fund has written to Bamburi Cement seeking a position in the board, but it says the company has told it to present ... |
Bamburi Cement uncertain on 2012 outlook27 February 2012, Published under Cement NewsBamburi Cement, a unit of Lafarge, reported a 28 per cent rise in 2011 turnover supported by sales from its Ugandan unit but warns its performance this year could be affected by inflation and uncertain political outlook in the lead-up to Kenya's elections. The company earned a pre-tax profit of KES8.47bn at the end of 2011 from KES7.56bn in 2010. East Africa's largest cement maker had seen a 7.4 per cent decline in profits in 2010 compared to 2009. The group's turnover increased by 28 ... |