Cement News tagged under: Bamburi Cement

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Bamburi Cement calls for collaborative approach on decarbonisation

23 October 2023, Published under Cement News

Kenya’s Bamburi Cement has issued a rallying call to the country’s construction sector to encourage decarbonisation. According to Capital Business, the company is in talks with designers, engineers, developers, contractors, materials manufacturer and industry bodies across Mombasa, Kisumu and Nairobi on how to develop a low-carbon pathway. Speaking to over 120 sector players at a recent event in Mombasa, Mohit Kapoor, CEO of Bamburi Cement, said, “The construction process and the materi...

Bamburi sees pretax profit quadruple

29 August 2023, Published under Cement News

Kenya-based Bamburi Cement Ltd , owned by Holcim, reported a 1H23 turnover of KES22,260m (US$153.5m), up 11 per cent when compared with the 1H22. Profit before tax surged to KES621m in the 1H23 from KES124m in the 1H22.

Bamburi Cement to consider expansion despite macroeconomy

19 June 2023, Published under Cement News

Bamburi Cement PLC  ( Holcim group ) held its 72nd Annual General Meeting in Nairobi on 15 June, chaired by the Board and Management, which included Chairman Dr John Simba, Group Managing Director Mohit Kapoor, and Group Chief Financial Officer Eugene Antera.   According to Mr Kapoor, "Kenya's macroeconomic situation is challenging due to inflation, currency devaluation, an uncertain tax environment, and restricted liquidity.     “High power costs continue to be an issue and as a ...

Bamburi Cement to open a new shale quarry

03 April 2023, Published under Cement News

Kenya-based Bamburi Cement (part of Holcim )will be opening a new shale quarry in Kwale County to serve a new cement plant. The quarry is expected to supply around 20 per cent of the total resource material for the clinker production process. Bamburi plans to scale up its south coast business and establish a 5000tpd clinker plant, said the company’s former CEO, Seddig Hassani. The site is located on approximately 700 acres of land currently owned by local communities that are practicing...

Bamburi Cement announces new CEO

24 March 2023, Published under Cement News

Kenya's Bamburi Cement (part of the Holcim Group) has appointed Mohit Kapoor as its new chief executive officer, effective from 1 April 2023. Mr Kapoor replaces Seddiq Hassani who has left the company after five years at the helm, reports Business Daily Africa. Mr Kapoor has over 20 years’ experience in corporate leadership having held several high level management positions within the Holcim Group, including CEO of Holcim Qatar and head of growth and innovation at Holcim India.  Bam...

Bamburi Cement forecast to see 25% drop in earnings

29 November 2022, Published under Cement News

Bamburi 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 certification

21 November 2022, Published under Cement News

Bamburi 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 1H22

22 September 2022, Published under Cement News

Kenyan 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 baghouse

17 May 2022, Published under Cement News

Redecam 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 rises

03 May 2022, Published under Cement News

Bamburi 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...