Bamburi Cement has changed its name from Bamburi Cement Limited to Bamburi Cement PLC, following registration of the new name in line with provisions of the Section 53 of the Companies Act 2015, that requires companies that are both a limited company and a public company to be registered with a name that ends with ‘public limited company’ or the abbreviation ‘plc’.
The change of name was approved by the Company’s shareholders during the 70th Annual General Meeting held on 10th June 2021. The new name became effective on 26th July 2021 following issuance of the certificate of change of name by the Registrar of Companies. Bamburi Cement was listed on the Nairobi Securities Exchange (NSE) in 1970, and trades under the Construction and Allied Category, under stock ticker symbol BAMB.
“The change of name applies only to the Bamburi Cement group company name with all market brands remaining unchanged. All contractual relationships and obligations that the company has with its customers, partners and other stakeholders are not affected by this change of name,” said Waeni Ngea, Company Secretary.
Bamburi Cement, which was incorporated in 1951 and began operations in 1954, is a subsidiary of Holcim, the global leader in innovative and sustainable building solutions, which also recently rebranded from LafargeHolcim. The Company’s subsidiaries include – Bamburi Special Products Ltd, Lafarge Eco Systems Ltd, Binastore Ltd, and Hima Cement Ltd, a Uganda based cement maker.
Bamburi’s other operations are in sustainable waste management, where through its Geocycle brand it partners with different organizations to dispose of their waste at its cement kilns at its plants in Nairobi and Mombasa, through a unique and sustainable industrial process called co-processing.
The Company has over the years maintained its position as the leading cement manufacturing and marketing company in the Eastern Africa region, reinforced by its lineup of high quality application based cement and concrete products.
Read the article online at: https://www.worldcement.com/africa-middle-east/02082021/bamburi-cement-changes-name-to-bamburi-cement-plc/