Cement News tagged under: Bamburi Cement
LafargeHolcim03 September 2018, Published under Cement NewsLafargeHolcim has acquired Metro Mix LLC, a ready-mixed concrete producer in Denver, Colorado, which last year produced a turnover of some US$30m from two batching plants, employing in excess of 50 people. LafargeHolcim’s Kenyan subsidiary Bamburi Cement, active in Kenya and in Uganda has announced a first-half turnover 0.2 per cent lower than a year earlier at KES17,556m (EUR157.8m), with the trading profit falling by 56.2 per cent to 1164m (EUR9.9m) and the pretax profit falling by 72.9... |
Bamburi Cement records 78% net profit decline in 1H1831 August 2018, Published under Cement NewsKenya’s Bamburi Cement has posted a 78.2 per cent YoY drop in net profit for the half-year period ended 30 June, falling to KES399m (US$3.96m) from KES1.83bn. Revenue remained flat at KES18.55m, compared to KES18.58bn of the previous year. The company noted the effects of a contracting market in Kenya on its performance. Meanwhile, in Uganda, a combination of lower sales due to production challenges, competitive pressure on prices and a slowdown in government expenditure negatively impact... |
Bamburi Cement launches new rapid concrete solution30 July 2018, Published under Cement NewsBamburi Cement has launched a ready-mix concrete that will speed up construction time by enabling continuous concrete pour in projects of more than 2000t in under 48h. Pours of this volume usually take almost a month using traditional methods. The new product, Poweraft, is designed for the construction of foundations for skyscrapers, bridge piers and generally all applications requiring mass delivery of fresh concrete. Bamburi Cement’s Managing Director, Seddiq Hassani, said that Powera... |
Kenya's cement consumption falls to 1.4Mta in 2Q1813 July 2018, Published under Cement NewsCement demand in Kenya has fallen to 1.4Mta in the second quarter of the year, according to a report from the Kenya National Bureau of Statistics (KNBS). The agency attributes the drop to a continued slowdown in real estate activity. In the first quarter of 2017 domestic cement consumption reached 1.5Mt but has since decreased. Furthermore, the continuing decline was also reflected in a 15.7 per cent drop in cement imports as well as in an eight per cent fall in clinker imports during the... |
LafargeHolcim02 July 2018, Published under Cement NewsLafargeHolcim has started its EUR100m+ investment in its Martres-Tolosane plant in Haute Garonne, southern France, with completion envisaged in 2020. This should enable the use of alternative materials in clinker production to be increased from 39 to 80 per cent and the overall capacity of the works to be raised by some 20 per cent. Huaxin Cement, a 41.8 per cent-owned LafargeHolcim associate has formed a 50 per cent-owned associate in Nepal to build a US$140m cement works at Dhading. Hu... |
Bamburi Cement completes construction of grinding plant29 June 2018, Published under Cement NewsKenya’s Bamburi Cement has announced that construction of its 0.9Mta grinding plant at Athi River, south of Nairobi, has been completed. The facility represents a KES4bn (US$39.62m) investment and is part of the company’s expansion plan launched in 2015. "The contractor is on schedule and will soon be handing the project over to the company for full operation," said Seddiq Hassani, CEO, Bamburi Cement. The company’s Power Plus and Power Max brands will be relocated from Mombasa to the new... |
Ugandan cement producers struggle to participate in SGR project14 May 2018, Published under Cement NewsLocal cement producers will have to change their products to supply the new Standard Gauge Railway (SGR) project in Uganda. The SGR project is a mega railway transportation network that will be constructed by Chinese firm, China Harbour Engineering Company. "The cement we have is not cement meant for the railway, we benchmarked from Kenya and found that Bamburi plant in Mombasa had changed its manufacturing configuration to meet these [SGR] standards," said SGR project coordinator, Kasingy... |
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... |