We have executed our action plan "HEALTH, COST & CASH"
Since the beginning of the Coronavirus (Covid-19) pandemic, Bamburi Cement has taken the necessary measures to protect the health of its employees, customers, suppliers and other stakeholders. We are closely monitoring the evolving situation and following the guidance provided by the Government and health authorities.
While the construction sector and construction sites are some of the most resilient, our operations are disrupted like every other sector of the economy and we expect a negative impact on our business in Q2.
Currently the development of the Coronavirus pandemic and its implications on business are volatile. In order to mitigate the financial impact of the situation, we launched the action plan “HEALTH, COST & CASH” for immediate execution. While the action plan is in full execution, the dynamic and volatile development of the Coronavirus pandemic makes it currently no longer possible to fully evaluate its impact on our business performance in 2020.
About Bamburi Cement Limited
Bamburi Cement Limited, a subsidiary of LafargeHolcim, is the leading cement manufacturing and marketing company in the Eastern Africa region, having been operational for 63 years. It has three subsidiaries Hima Cement Ltd (Uganda), Bamburi Special Products Ltd and Lafarge Eco Systems Ltd.
LafargeHolcim is the global leader in building materials and solutions and is active in four business segments: Cement, Aggregates, Ready-Mix Concrete and Solutions & Products. Its ambition is to lead the industry in reducing carbon emissions and shifting towards low-carbon construction. With the strongest R&D organization in the industry, the company seeks to constantly introduce and promote high-quality and sustainable building materials and solutions to its customers worldwide - whether individual homebuilders or developers of major infrastructure projects. LafargeHolcim employs over 70,000 employees in over 70 countries and has a portfolio that is equally balanced between developing and mature markets.
More information is available on www.holcim.com
Important disclaimer - forward-looking statements:
This document contains forward-looking statements. Such forward-looking statements do not constitute forecasts regarding results or any other performance indicator, but rather trends or targets, as the case may be, including with respect to plans, initiatives, events, products, solutions and services, their development and potential. Although Bamburi Cement believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions as at the time of publishing this document, investors are cautioned that these statements are not guarantees of future performance. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are difficult to predict and generally beyond the control of Bamburi Cement, including but not limited to the risks described in the Bamburi Cement's annual report available on its website (www.lafarge.co.ke) and uncertainties related to the market conditions and the implementation of our plans. Accordingly, we caution you against relying on forward-looking statements. Bamburi Cement does not undertake to provide updates of these forward-looking statements.