| Carbacid Investments Limited | |
| Type: | Public company:NSE:CARB |
| Location: | Nairobi, Kenya |
| Key People: | Amb.Dennis AworiChairman |
| Industry: | Carbon dioxide manufacturing |
| Products: | Food grade Liquid CO2, Compressed CO2, Medical CO2, Dry Ice, Cylinder Testing & Validation |
| Revenue: | Aftertax: KSh.375.56 million/= (US$3.75 million) (2016) |
| Assets: | KSh.3.081 billion/= (US$30.81 million) (2016) |
| Homepage: | Homepage |
| Foundation: | 1961 |
Carbacid Investments plc, is a manufacturing and investment company in Kenya, the largest economy in the East African Community. The company manufactures and markets carbon dioxide gas for food processing, industrial use and medical use, as well as dry ice. It also tests and validates gas cylinders.
Carbacid Investments currently has a market share of above 65% in the regional carbon dioxide market.[1] The shares of the company's stock are listed on the Nairobi Securities Exchange (NSE), where they trade under the symbol CARB.[2]
The company is the largest manufacturer of food, medical and industrial CO2 in the region. In the financial year that ended 31 July 2016, the company turnover was valued at KSh.831,761,000/= (approx. US$8,317,610). Net profits were at KSh.375,568,000/= (approx. US$3,755,680). The company's total assets were valued at KSh.3,081,768,000/= (approx. US$30,817,680), with shareholders' equity of KSh:2,674,198,000/= (approx. US$26,741,980).[3]
Carbacid Investments traces its roots to BEA Sawmills Limited, a company that was first to extract carbon dioxide from a natural underground reservoir in Kereita Forest in Kenya in 1933.[4] Carbacid was officially incorporated in 1961 and listed at the Nairobi Securities Exchange (NSE) in 1972 following a series of acquisitions.
Carbacid Investments is mainly involved in the mining, purification and distribution of carbon dioxide gas to soft drink manufacturers and to beer bottlers. The company also makes medical CO2 for use in hospitals and other medical facilities and laboratories including universities. Other products manufactured by Carbacid include dry ice, which is used in the preservation of cold temperatures when shipping sensitive biological and chemical material. Carbacid's distribution network extends across the whole of East Africa, serving customers in Kenya, Uganda, Tanzania, Rwanda, Burundi, Ethiopia, Eastern DRC, Zambia, South Sudan and Somalia.
The companies that comprise the Carbacid Investments Limited include, but are not limited, to the following Kenya registered subsidiaries:
The shares of the Carbacid Investments Limited are listed on the NSE, where they trade under the symbol CARB. the shareholding of Carbacid Investments was as follows:[5]
| Rank | Name of Owner | Percentage Ownership | |
|---|---|---|---|
| 1 | Mrs A B Patel & Mr BC Patel | 30.41 | |
| 2 | Leverton Limited | 9.36 | |
| 3 | Kivuli Limited | 5.83 | |
| 4 | Miss T I Friedman | 4.42 | |
| 5 | Standard Chartered | Standard Chartered Nominees A/C: 9230 | 2.27 |
| 6 | Cfc Stanbic Nominees Limited A/C NR 1031010 | 1.68 | |
| 7 | Mrs B C Kampf | 1.58 | |
| 8 | Peter Kingori Mwangi | 1.09 | |
| 9 | Mr R B Robinson | 0.95 | |
| 10 | Standard Chartered Nominees A/C 10881 | 0.86 | |
| 11 | Others | 41.55 | |
| Total | 100.00 | ||