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Bamburi Cement has announced five board changes including the chief executive and chief finance officer (CFO).

Seddiq Hassani concludes his 5 year tenure

Fossil settled the purchase price of Lafarge Cement on Friday in a development that placed the giant cement producer in the hands of local entrepreneurs.

Bamburi Cement appoints John Stull as a non-executive director Written by Global Cement staff 21 April 2021 Kenya: Bamburi Cement has appointed John Stull as a non-executive director following the resignation of Pierre Deleplanque. The latter was appointed to the company’s board in mid-2018 and is its Area Manager - East, South Africa & Indian Ocean. Stull, an American national, is the Head of Strategy and Mergers & Acquisitions for LafargeHolcim Middle East & Africa region, and has over 28 years’ experience in the LafargeHolcim Group...

Holcim Philippines sees 43% fall in net profit 03 March 2021 Holcim Philippines has reported a 42.5 per cent decline in net profit to PHP2.07bn (US$42.72m) for 2020, alongside a 22.3 per cent YoY fall in sales to PHP26.02bn from PHP33.49bn in 2019. "Lockdowns from March to May and severe weather conditions in the fourth quarter further affected the business. These hampered delivery of raw materials and services to production sites and dispatch of products to customers," said the company in a statement. The company's EBITDA was down by 38.6 per cent to PHP1.53bn in the fourth ...