Bamburi cement changes name in compliance with companies Act 2015

Bamburi cement changes name in compliance with the Companies Act 2015

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.

The Act 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 June 10 this year.

“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.

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The new name became effective on July 26 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 company was incorporated in 1951 and began operations in 1954 and is a subsidiary of Holcim, the global leader in innovative and sustainable building solutions, which also recently rebranded from LafargeHolcim.

Its 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.

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Lawrence Baraza is a prolific writer with competencies in Digital Media, Print, and Broadcast. Baraza is also a Communication Practitioner currently spearheading Digital content on Metropol TV's Digital Desk.

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