east african portland cement company type public kn port industry construction founded 1933 founder blue circle industries headquarters athi river kenya key people bill lay chairman of the board kephar l. tande managing director titus naikuni director products cement revenue kes 9.21 billion 2012 13 net income kes 2.49 billion 2012 13 total assets kes 16.13 billion 2012 13 total equity kes 7.1 billion 2012 13 1 website homepage east african portland cement company commonly known by its abbreviation eapcc is a kenyan based construction company specializing in the manufacturing and selling of cement and cement related products . 2 3 contents 1 overview 2 history 3 subsidiaries and investments 4 ownership 5 board room wars 6 governance 7 see also 8 references 9 external links overview edit eapcc s headquarters are located in athi river a small town about 30 km from nairobi kenya s capital city . the company has operations in kenya and uganda . history edit east african portland cement company started as a trading company importing cement mainly from england for early construction work in british east africa now kenya as an agent of blue circle industries of the united kingdom . 4 the name portland was given due to the resemblance in colour of set cement to the portland stone that was mined on the isle of portland in dorset england . 5 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 clinker from india for cement manufacturing . the production capacity was about 60 000 tonnes of cement at the time . 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 . 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 factory at a cost of ksh 800 million . this plant would lower the annual cost of running the athi river factory by ksh 500 million . 6 subsidiaries and investments edit the companies that comprise east africa portland cement include but are not limited to the following 7 east african portland cement limited athi river kenya 100 % shareholding the flagship company of the group . this unit engages in the production of cement . east african portland cement uganda limited kampala uganda 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 . 8 ownership edit the shares of east african portland cement are traded on the nairobi securities exchange under the symbol port . the shareholding in the company s stock as at 31 july 2014 was as depicted in the table below 9 east africa portland cement company stock ownership rank name of owner percentage ownership 1 national social security fund 27.00 2 government of kenya 25.30 3 cementia holdings 14.60 4 associated international cement 14.60 5 bamburi cement 12.50 6 others 6.00 total 100.00 board room wars edit cementia holdings associated international cement and bamburi cement are all direct or indirect subsidiaries of lafarge sa . 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 . 10 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 producers of the building material in kenya . accusing the firm is in violation of antitrust legislation . 11 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 . the kenyan courts ruled that eapcc does not qualify to be a government parastatal because nssf shares do not belong to the state but to contributors . this means that the government of kenya can not control hire or fire its management . 12 the ruling also stopped attempts by the government to make lafarge dilute its stake in eapcc . these board room wrangles negatively impacted the eapcc s share price and market share . governance edit east african portland cement company is governed by a seven person board of directors with bill lay serving as the chairman . see also edit national social security fund kenya nairobi securities exchange lafarge bamburi cement references edit east africa portland cement 2012 13 results east africa portland cement company data east african portland cement company ltd profile east africa portland cement company history gillberg b. fagerlund g. j nsson . tillman a m. 1999 . betong och milj concrete and environment in swedish . stockholm ab svensk byggtjenst . isbn 91 7332 906 1 . cs1 maint multiple names authors list link portland in power plant plan to slash bill by sh500m east africa portland cement 2011 12 annual report page 61 east africa portland cement 2011 12 annual report page 75 east africa portland cement 2011 12 annual report page 85 eapc shareholding structure competition agency to rule on state s row with lafarge court blocks plan to dilute lafarge stake in portland cement external links edit east africa portland cement company homepage lafarge homepage national social security fund retrieved from https en.wikipedia.org w index.php title east african portland cement company & oldid 712511724 categories cement companiescompanies of kenyacompanies listed on the nairobi stock exchangecompanies established in 19331933 establishments in kenyahidden categories cs1 maint multiple names authors listcs1 swedish language sources sv engvarb from august 2014use dmy dates from august 2014 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 29 march 2016 at 14 51 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. 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