40:
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Over the years, EAPCC greatly expanded its production capacity. The
Company can presently produce over 1.3 million tonnes of cement per annum at reduced cost especially with the June 2014 announcement of the construction of a four megawatt power plant would run on waste gases generated by the company
508:
This ownership structure has led to boardroom wars on who controls the company. The government has challenged
Lafarge's shareholding in EAPCC due to the fact that Lafarge owns 41.7 per cent of East African Portland Cement Company and a further 58.9 per cent of Bamburi Cement; two of three largest
516:
because NSSF shares do not belong to the State but to contributors. This means that the government of Kenya cannot control, hire or fire its management. The ruling also stopped attempts by the government to make
Lafarge dilute its stake in EAPCC. These board room wrangles negatively impacted the
509:
producers of the building material in Kenya. Government accuses the firm of violation of antitrust legislation. Lafarge on their part started that they are a financial investor in EAPCC and they do not exert any operational leverage on the EAPCC Board.
322:
In
December 1956, construction of the Athi River facility started. The factory was commissioned in 1958 and consisted of a rotary kiln, a big cement mill which significantly increased production capacity to 120,000 tonnes per annum.
880:
358:- 100% Shareholding - The principal activity of the Company is the sale of cement purchased from the parent company. It contributed to 1.24% of the group's revenue in the year ended 30 June 2012.
821:
754:
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796:
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In
February 1933, the Company was incorporated in Kenya with the first factory in Nairobi's Industrial Area. The Company had one cement mill and used imported
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505:. Giving Lafarge 41.7% of EAPCC. While the Government of Kenya claims to controls NSSF's stake, giving the Government 52.3% control of the firm.
890:
534:
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East
African Portland Cement Company is governed by a seven-person Board of Directors with Edwin Muriithi Kinyua serving as the Chairman.
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factory at a cost of KSh800 million. This plant would lower the annual cost of running the Athi River factory by KSh500 million.
240:, is a Kenyan based construction company specializing in the manufacturing and selling of cement and cement related products.
539:
368:
54:
501:
Cementia
Holdings, Associated International Cement and Bamburi Cement are all direct or indirect subsidiaries of
39:
281:
86:
335:
The companies that comprise East Africa
Portland Cement include, but are not limited, to the following:
591:
347:- 100% Shareholding - The flagship company of the group. This unit engages in the production of cement.
774:
856:
273:
17:
375:. The shareholding in the company's stock as at 31 July 2014 was as depicted in the table below:
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for cement manufacturing. The production capacity was about 60,000 tonnes of cement at the time.
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122:
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East
African Portland Cement Company started as a trading company importing cement mainly from
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EAPCC's headquarters are located in Athi River, a small town about 30 km from
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592:"$ {Instrument_CompanyName} $ {Instrument_Ric} Company Profile | Reuters.com"
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The Kenyan courts ruled that EAPCC does not qualify to be a government
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Gillberg, B.; Fagerlund, G.; Jönsson, Å.; Tillman, A.-M. (1999).
822:"Court blocks plan to dilute Lafarge stake in Portland cement"
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The shares of East
African Portland Cement are traded on the
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853:
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East Africa Portland Cement 2011/12 Annual Report Page 85
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East Africa Portland Cement 2011/12 Annual Report Page 75
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East Africa Portland Cement 2011/12 Annual Report Page 61
797:"Competition agency to rule on State's row with Lafarge"
692:"Portland in power plant plan to slash bill by Sh500m"
252:, Kenya's capital city. The company has operations in
670:] (in Swedish). Stockholm: AB Svensk Byggtjenst.
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Companies listed on the Nairobi Securities Exchange
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East Africa Portland Cement Company Stock Ownership
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292:was given due to the resemblance in colour of set
350:East African Portland Cement Uganda Limited –
637:"East Africa Portland Cement Company History"
8:
849:East Africa Portland Cement Company Homepage
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886:Manufacturing companies established in 1933
568:East Africa Portland Cement 2012/13 Results
579:East Africa Portland Cement - Company Data
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31:
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339:East African Portland Cement Limited –
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517:EAPCC's share price and market share.
535:National Social Security Fund (Kenya)
7:
234:East African Portland Cement Company
33:East African Portland Cement Company
236:commonly known by its abbreviation
27:Kenyan cement manufacturing company
18:East Africa Portland Cement Company
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445:Associated International Cement
272:for early construction work in
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866:National Social Security Fund
771:"EAPC Shareholding Structure"
407:National Social Security Fund
891:1933 establishments in Kenya
331:Subsidiaries and Investments
540:Nairobi Securities Exchange
369:Nairobi Securities Exchange
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896:Cement companies of Kenya
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668:Concrete and environment
757:14 August 2014 at the
739:14 August 2014 at the
721:14 August 2014 at the
300:that was mined on the
282:Blue Circle Industries
87:Blue Circle Industries
398:Percentage Ownership
116:Chairman of the Board
859:2 March 2013 at the
590:Editorial, Reuters.
371:, under the symbol:
127:Prof Sarone Ole Sena
420:Government of Kenya
274:British East Africa
194:KES: 16.13 billion
174:KES: 2.49 billion
34:
621:has generic name (
154:KES: 9.21 billion
777:on 14 August 2014
643:on 14 August 2014
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433:Cementia Holdings
280:) as an agent of
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214:KES: 7.1 billion
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123:Managing Director
16:(Redirected from
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854:Lafarge Homepage
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843:External links
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298:Portland stone
286:United Kingdom
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829:. Retrieved
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775:the original
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619:|first=
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204:Total equity
184:Total assets
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93:Headquarters
69:Construction
47:Company type
29:
308:, England.
288:. The name
113:William Lay
875:Categories
556:References
521:Governance
514:Parastatal
503:Lafarge SA
341:Athi River
164:Net income
108:Key people
97:Athi River
831:23 August
806:23 August
781:14 August
701:23 August
647:14 August
601:23 August
363:Ownership
216:(2012/13)
196:(2012/13)
176:(2012/13)
156:(2012/13)
857:Archived
755:Archived
737:Archived
719:Archived
611:cite web
529:See also
290:Portland
244:Overview
226:Homepage
136:Products
130:Director
65:Industry
545:Lafarge
352:Kampala
313:clinker
296:to the
284:of the
270:England
264:History
250:Nairobi
222:Website
146:Revenue
83:Founder
75:Founded
674:
485:100.00
469:Others
461:12.50
448:14.60
437:14.60
424:25.30
411:27.00
356:Uganda
306:Dorset
294:cement
258:Uganda
140:Cement
51:Public
666:[
480:Total
472:6.00
345:Kenya
317:India
315:from
278:Kenya
276:(now
254:Kenya
238:EAPCC
101:Kenya
833:2017
808:2017
783:2014
703:2017
672:ISBN
649:2014
623:help
603:2017
392:Rank
373:PORT
256:and
78:1933
59:PORT
596:U.S
304:in
877::
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609:{{
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55:KN
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20:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.
