Cement News tagged under: Bamburi Cement
Bamburi Cement names new CEO26 June 2014, Published under Cement NewsBamburi Cement, part of the Lafarge group, has announced the appointment of Bruno Pescheux as chief executive officer and a member of the Board of Directors, effective 21 July 2014. Mr Pescheux previously held the position of CEO of Lafarge Syria. He takes over from Hussein Mansi who has been Bamburi Cement’s CEO over the past five years. |
Kenya: Lafarge under competition probe16 May 2014, Published under Cement NewsKenya’s antitrust authority may force Lafarge SA to sell some of its domestic interests if the cement maker is found to be flouting domestic competition rules, according to Bloomberg reports. The Competition Authority of Kenya is probing Lafarge’s influence on Kenya’s cement industry through its 59 per cent stake in Bamburi Cement Co and 42 per cent shareholding in East Africa Portland Cement Co (EAPCC). The findings will be published next month, Director-General Francis Kariuki said in an ... |
Hima outlines sustainability initiatives, Uganda02 April 2014, Published under Cement NewsUgandan producer Hima Cement has outlined ambitious sustainability plans focussed on five main pillars. The company, owned by Kenya’s Bamburi Cement and part of the Lafarge Group, said the plan will be a key focus this year. Projects will be aimed at improving the areas of operational cost management, environmental conservation, job creation, health and safety and community development. Hima Cement's general manager, Daniel Pettersson, told AllAfrica.com that as global market demands chan... |
Bamburi relaunches Powercrete, Kenya20 March 2014, Published under Cement NewsLafarge’s Kenyan subsidiary Bamburi Cement has announced it will relaunch its Powercrete cement for use in large infrastructure works and in the private and public sector. The relaunch comes after increased competition in the Kenyan market following the arrival of Dangote Cement. In 2013, Bamburi has seen its profits fall by nearly a quarter and closed the year with sales of KES33.9bn (US$394m), a performance significantly below its 2012 level. Kenya is currently investing considerably... |
Bamburi: operating profit plunges 24% YoY, Kenya07 March 2014, Published under Cement NewsBamburi Cement’s 2013 turnover declined by 3.6 per cent to KES33.9bn while operating profit fell 24 per cent amid an increasingly competitive market. Commenting on the company’s results, managing director Hussein Mansi, said: “In the first half of 2013, we experienced a drop in the company’s performance mainly attributable to competitive pressure in Uganda and we also saw a significant reduction of exports out of Uganda to the inland Africa markets due to political tensions, which impacte... |
Bamburi signs waste management partnership deal, Kenya21 February 2014, Published under Cement NewsKenya’s largest producer, Bamburi Cement, and Mombasa County government have entered into a KES4.8bn (US$55.7m) partnership to develop a solid waste management system. Bamburi will finance a feasibility study and provide equipment to boost the country’s waste management capabilities. Most of the waste will be used to generate alternative fuels in the company’s cement production process. (Source: AllAfrica News). |
Bamburi confident on second-half turnaround08 August 2013, Published under Cement NewsKenya's Bamburi Cement reported a 12 per cent decline in pretax profit for the first six months of 2013 but is confident of a second-half turnaround in two of its core East African markets. In the six months to the end of June 2013, the Lafarge Group company posted a pretax profit of KES3.270m (US$37.46m) as turnover fell 18 per cent YoY to KES15.8bn. These results came against a backdrop of uncertainty over an election in its domestic market of Kenya and a slowdown in export markets. H... |
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. |