Browsing: Bamburi Cement

• Bamburi Cement PLC has appointed Mohit Kapoor as the new Group Chief Executive Officer (CEO), effective April 1, 2023, subject to regulatory approvals.
• An electrical engineer, marketer and supply chain expert by profession, Kapoor was the Country CEO for Holcim Qatar prior to this appointment.
•  Seddiq Hassani concludes his 5 year tenure leaving behind a stable and resilient brand.

 Bamburi Cement PLC has appointed Mohit Kapoor as the new Group Chief Executive Officer (CEO), effective April 1, 2023, subject to regulatory approvals amidst dwindling profits.

Kapoor succeeds Seddiq Hassani, who has served as the company’s CEO since his appointment on February 9, 2018, and ends his five-year tenure on March 31, 2023.

An electrical engineer, marketer and supply chain expert by profession, Kapoor was the Country CEO for Holcim Qatar prior to this appointment. He has also served as the Head of Growth and Innovation at Holcim India, the Managing …

Bamburi Cement has launched an innovative and green construction project in Kenya dubbed “Houses of Tomorrow’ (HoT) in a bid to fulfil its sustainable construction agenda through low-carbon based building solutions.

The projects seek to achieve very low embodied CO2 footprint buildings using low carbon cement-based materials and locally available resources.

The project involves careful selection, design and use of materials which leverage low carbon standards in the overall construction, and especially application of near zero embodied energy concrete designed by incorporating low carbon content cement. Some of the cement products to be used for this construction project feature a mix of Bamburi Cement’s products Powermax and Nguvu pozzolanic cements for concrete works. Fundi masonry cement, a low carbon cement, will also be used for mortar and plaster works.

The project launched by Bamburi’s parent company LafargeHolcim, is ongoing in several countries on each continent.

Commenting on the new building …

2018 profits dropped to US$6.1 million from US$18.8 million in 2017

Cement manufacturers-Bamburi Cement has expressed concerns over the Uganda-Rwanda border row, warning it could derail its earnings.

This comes amid a drop in net profit for the year 2018, reported at Ksh614 million (US$6.1 million) down from Ksh1.9 billion (US$18.8 million) in 2017.

“The difficulties experienced in the Uganda-Rwanda border have significantly impacted exports to Rwanda from Uganda and the Group hopes this matter is resolved expeditiously,” the company said in its financial statement signed by Chairman John Simba and Group Managing Director Seddiq Hassani.

The Nairobi Securities Exchange (NSE) listed firm has however reported a 3.7 per cent jump in turnover, from Ksh36 billion (US$3.6 billion) in 2017 to Ksh37.2 billion (US$3.7 billion) in 2018 as cement volumes grew by nine per cent.

“The Group achieved this growth despite a market decline of five per cent in Kenya, …