Cement News tagged under: Bamburi Cement

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Bamburi Cement receives acquisition deal

11 July 2024, Published under Cement News

Amsons Group, Tanzania's leading manufacturing and energy giant, has offered to acquire a 100 per cent share in Bamburi Cement of Kenya in a proposed US$180m deal. The offer has been made by the Amsons Industries (k) Ltd subsidiary to buy the shares at KES65 (US$0.51)/share. The cash offer represents a 42.39 per cent premium share price as of the closing of NSE trade in 9 July 2024. Bamburi Cement is currently majority owned by Holcim (58 per cent) and listed on the Nairobi Secur...

Bamburi Cement to cease producing OPC

13 December 2023, Published under Cement News

Bamburi Cement  ( Tororo Cement ) will cease production of ordinary Portland cement (OPC) within its product line from 1 January 2024, as part of the company’s commitment to decarbonise its operations and provide a greener option of building materials. This landmark commitment, which comes amid the ongoing 2023 United Nations Framework Convention on Climate Change (COP28) in the United Arab Emirates, will accelerate one of its 2030 sustainability targets to have 100 per cent green produc...

Bamburi Cement builds two solar power plants

04 December 2023, Published under Cement News

Bamburi Cement is building two solar photovoltaic power plants, which will provide up to 30 per cent of the cement producer’s total power requirement. According to Market Screener, this marks the largest commercial solar project ever initiated by a cement company in Kenya.  The project with MOMNAI Energy Ltd, an independent power producer, will include two plants with capacities of 14.5MW and 5MW, located in Bamburi’s Mombasa and Athi River sites, respectively. Mohair Kapoor, CEO, B...

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...