Type PublicKN: BAMB Number of employees 851 Founded 1951 | ||
Key people John SimbaChairman of the BoardBruno PescheuxManaging Director Revenue KES: 39.2 billion (2015) Net income KES: 5.87 billion (2015) | ||
Kengen bamburi cement sign mou to expand the green initiative project
Bamburi Cement Limited is an industrial company in Kenya specialising in cement and concrete. The company has operations in Bamburi suburb of Mombasa, it's headquartered in Nairobi and its stock is listed on the Nairobi Securities Exchange.
Contents
- Kengen bamburi cement sign mou to expand the green initiative project
- Eng fidelis sakwa bamburi cement
- Overview
- History
- Subsidiaries and investments
- Shareholding
- Environmental concerns
- Bamburi Rugby Super Series
- References
Eng fidelis sakwa bamburi cement
Overview
Bamburi Cement is the largest manufactures 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. As of December 2015, the company's total assets were valued at US$420 million, with shareholders' equity of about US$297 million.
History
Bamburi Cement was founded in 1951 by Felix Mandl as a partnership between Cementia Holding and Blue Circle in British Kenya. The company started production from its Mombasa plant in 1954. In 1998, Bamburi opened a clinker grinding plant in Athi River.
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:
Fincem Holding Limited and Kencem Holding Limited are subsidiaries of LafargeHolcim. This gives LafargeHolcim 58.6% control of Bamburi Cement.
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.
The company has since aimed to convert barren landscape of disused limestone quarries into vibrant and diverse ecosystem of forest, grasslands and ponds.
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.