New cement players grab share from major rivals

Workers at ARM Cement company plant. Its market share is 13.5pc. file photo | nmg

Mombasa Cement is now Kenya’s second biggest player after leading new players to grab market share from established firms such as Bamburi #ticker:BAMB and troubled Portland Cement.

The maker of the Nyumba brand, which began operations in 2007, now has a market share of 15.8 per cent to rank behind Bamburi’s 32.6 per cent as at end of 2016, according to research by Standard Investment Bank.

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Note: The results are not exact but very close to the actual.