Bamburi Cement PLC

Bamburi Cement PLC Chairman Dr. John Simba, Board Member Rita Kavashe, MBS, AoEC, CEO and Kenya Association of Manufacturers (KAM) Cement-Sub Sector Chairman Mohit Kapoor and Commercial Director Martin J Kariuki met with Kenya Bureau of Standards(KEBS) Managing Director Esther Ngari and top management today. They discussed key issues in the Cement-Sub Sector including quality of market cement products, innovative products and testing challenges, Sustainability and Green Cements specifications, and areas of collaboration and alignment. In executing its mandate, the Cement Sub-Sector has greatly benefitted from KEBS auditing of product integrity and standards conformity, key installations inspections, raw materials specifications, team qualifications, regulatory compliance, and customer complaints handling mechanism. We look forward to furthering this strategic partnership. More specifically, to continuously address actions towards cement products integrity, provision of quality infrastructure, and sustainability of the same. #BamburiCement

Our position on the Finance Bill 2024... #BamburiCement #FinanceBill2024

Kenya is world famous for its groundbreaking MPESA. But did you know that we are also carving a niche in disruptive construction innovations? Kenya's Mvule Gardens in Kilifi County is the only 3D-printed residential development in Africa and hosts the most units located in one geographical area in the world, which is 10% out of the 110 3D-printed houses globally. Our first 10 houses are a testament to the extent technology and innovation can play in today's construction, specifically, affordable housing and sustainable construction agenda in Kenya. These houses are on sale. They start from Kshs 2.9m and there's financing available from Stanbic Bank Kenya. Get yourself one. Talk to us. #BamburiCement

Bamburi Cement Plc in collaboration with Karen Country Club has hosted the Bamburi Cement Golf Tournament, Karen Country Club The tournament, which was organised for customers and trade partners, also affirms our comeback to sports through supporting growing golf talent in the country. Keep it here. #BamburiCement #BamburiCementGolfTournament

Our 73rd AGM 2024 highlights: - 2023 was a challenging year characterised by a changing regulatory landscape; high levies and taxation, high inflation, depreciated currency, rising power costs and disrupted supply chains. - Despite this operating environment, it was a year of solid turnaround of business performance. +6.3% Revenue, +160% PAT, +Kes 3.2Bn Cash and ~Kes 2Bn Dividend. - The company continues to aggressively pursue profitable green growth, performance through innovation and operational excellence, empowered workforce and leadership in industry sustainability. - Further, shareholders approved a first and final dividend of KES 5.47 per ordinary share for the financial year ended 31 December 2023, to be paid net of withholding tax on or about 25 July 2024, to Shareholders on the Register of Members as at the close of business on 24 May 2024. For more on this click on this link https://lnkd.in/d3GU-pMK to interact more with our Annual Report & Financial Statements 2023, AGM resolutions and Minutes. #Bamburicement

We held our 73rd Annual General Meeting today. Keep it here for more shareholder updates. #BamburiCement

Our CEO Mohit Kapoor joined other business leaders on KTN's Transform Kenya for a conversation on the Finance Bill 2024. Listen in! His argument in context: 1. The Bill proposes to introduce excise duty on coal at 5% of the value or Ksh. 27,000 per metric ton, whichever is higher. Coal energy, unavailable in the Kenyan market accounts for about 45% of the variable cost of production of clinker, which provides cement with its binding qualities. Coal prices currently average Ksh 19,500 per metric ton and adding Ksh 27,000 per ton increases the cost by 139% and more than doubles the cost of coal. The immediate impact of this tax proposal will be an exponential increase in production cost of clinker that will lead to high cement costs – which would either bring the entire building and construction industry to a grinding halt or increase cement prices by about 43%. 2. The Bill proposes an Eco Levy which calls for an additional Ksh.150 per kilogram on plastic packaging. As signatories to Extended Producer Responsibility Schemes and the subsequent levy which requires us to pay to and fund packaging bags recycling across our operations, this levy is a duplication and equivalent to double taxation. It will directly increase the packaging cost of a 50 kg bag of cement from Ksh. 23.78/bag to Ksh. 37.41/bag; a 57.3% rise. These costs will be passed on to the customer. 3. Finally, the Bill recommends reducing taxes on imported clinker and cement. With the aforementioned excise duty on coal which makes it costlier for cement players to manufacture clinker and cement, Kenya will become a haven for foreign dumping by countries with subsidized energy (gas, electricity) and excess clinker and cement, at the expense of local manufacturers. #BamburiCement

We have partnered with document storage provider E-Manage Africa and biodiversity tech firm Seedballs Kenya to plant 13,000 trees at Haller Park through innovative seedballing technology. The 13,000 Seedballs are representative of the 13,000 boxes of paper retrieved from Bamburi Cement Plc operations in our race to paperless, automated, and green operations. The new forest cover, christened 'Forest Ecosafi' is our commitment to replenish the environment for posterity. Global production of paper stood at 415m tonnes in 2022 - and is projected to rise by 15% by 2032. This has far-reaching implications on the planet including energy consumption, waste problems, deforestation, and air pollution. #BamburiCement

Breaking News!!!! You can now make payments using our new Mpesa Paybill number. Payments just got easier and faster 😃 #BamburiCement

Fact. Our analysis of women who have completed our Women on Wheels program and placed for truck driving opportunities demonstrates that, on average, women appear to be safer drivers. Fact. From this analysis, there's reason to believe that female driving habits can contribute to improved fuel consumption, less maintenance, and wear and tear, saving expenditures in the long run. Fact. We have been collaborating with our partners Isuzu East Africa and logistics partners to train and put more female truck drivers on the road. This is part of our gender mainstreaming strategy across our logistics value chain.  Tell a friend to tell a friend! #BamburiCement