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. Ownership 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: Board Room Wars 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. 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. Government accuses the firm of violation of antitrust legislation. 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 cannot control, hire or fire its management. 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 East African Portland Cement Company is governed by a seven-person Board of Directors with Edwin Muriithi Kinyua serving as the Chairman. See also National Social Security Fund (Kenya) Nairobi Securities Exchange Lafarge Bamburi Cement References External links East Africa Portland Cement Company Homepage Lafarge Homepage National Social Security Fund Companies listed on the Nairobi Securities Exchange Manufacturing companies established in 1933 1933 establishments in Kenya Cement companies of Kenya