Carbacid Investments plc , is a manufacturing and investment company in

Kenya ) , national_anthem = "Ee Mungu Nguvu Yetu"() , image_map = , map_caption = , image_map2 = , capital = Nairobi , coordinates = , largest_city = Nairobi , ...

, the largest economy in the

East African Community The East African Community (EAC) is an intergovernmental organisation composed of seven countries in the Great Lakes region of East Africa: the Democratic Republic of the Congo, the United Republic of Tanzania, the Republics of Kenya, Burundi, ...

. The company manufactures and markets

carbon dioxide Carbon dioxide (chemical formula ) is a chemical compound made up of molecules that each have one carbon atom covalently double bonded to two oxygen atoms. It is found in the gas state at room temperature. In the air, carbon dioxide is transpar ...

gas for food processing, industrial use and medical use, as well as

dry ice Dry ice is the solid form of carbon dioxide. It is commonly used for temporary refrigeration as CO2 does not have a liquid state at normal atmospheric pressure and sublimates directly from the solid state to the gas state. It is used primarily a ...

. It also tests and validates gas cylinders. Carbacid Investments currently has a market share of above 65% in the regional carbon dioxide market. The shares of the company's

stock In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company ...

are listed on the

Nairobi Securities Exchange The Nairobi Securities Exchange (NSE) was established in 1954 as the Nairobi Stock Exchange, based in Nairobi the capital of Kenya. It was a voluntary association of stockbrokers in the European community registered under the Societies Act in ...

(NSE), where they trade under the symbol CARB.

Overview

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).

History

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. Carbacid was officially incorporated in 1961 and listed at the Nairobi Securities Exchange (NSE) in 1972 following a series of acquisitions.

Operations

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

, 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 ) , national_anthem = "Ee Mungu Nguvu Yetu"() , image_map = , map_caption = , image_map2 = , capital = Nairobi , coordinates = , largest_city = Nairobi , ...

Uganda }), is a landlocked country in East Africa East Africa, Eastern Africa, or East of Africa, is the eastern subregion of the African continent. In the United Nations Statistics Division scheme of geographic regions, 10-11-(16*) territor ...

Tanzania Tanzania (; ), officially the United Republic of Tanzania ( sw, Jamhuri ya Muungano wa Tanzania), is a country in East Africa within the African Great Lakes region. It borders Uganda to the north; Kenya to the northeast; Comoro Islands and ...

Rwanda Rwanda (; rw, u Rwanda ), officially the Republic of Rwanda, is a landlocked country in the Great Rift Valley of Central Africa, where the African Great Lakes region and Southeast Africa converge. Located a few degrees south of the Equator ...

Burundi Burundi (, ), officially the Republic of Burundi ( rn, Repuburika y’Uburundi ; Swahili language, Swahili: ''Jamuhuri ya Burundi''; French language, French: ''République du Burundi'' ), is a landlocked country in the Great Rift Valley at the ...

Ethiopia Ethiopia, , om, Itiyoophiyaa, so, Itoobiya, ti, ኢትዮጵያ, Ítiyop'iya, aa, Itiyoppiya officially the Federal Democratic Republic of Ethiopia, is a landlocked country in the Horn of Africa. It shares borders with Eritrea to the ...

, Eastern DRC,

Zambia Zambia (), officially the Republic of Zambia, is a landlocked country at the crossroads of Central Africa, Central, Southern Africa, Southern and East Africa, although it is typically referred to as being in Southern Africa at its most cent ...

South Sudan South Sudan (; din, Paguot Thudän), officially the Republic of South Sudan ( din, Paankɔc Cuëny Thudän), is a landlocked country in East Africa. It is bordered by Ethiopia, Sudan, Central African Republic, Democratic Republic of the C ...

and

Somalia Somalia, , Osmanya script: 𐒈𐒝𐒑𐒛𐒐𐒘𐒕𐒖; ar, الصومال, aṣ-Ṣūmāl officially the Federal Republic of SomaliaThe ''Federal Republic of Somalia'' is the country's name per Article 1 of thProvisional Constituti ...

Member companies

The companies that comprise the Carbacid Investments Limited include, but are not limited, to the following Kenya registered subsidiaries: # Carbacid (CO₂) Limited – The flagship company of the group. Its principal activities involve the mining, purification and sale of carbon dioxide gas. This company is a 100% subsidiary of Carbacid Investments Limited. # Goodison Twenty Nine Limited – An investment company, wholly owned by Carbacid Investments Limited. # Goodison Forty Seven Limited – An investment company, wholly owned by Carbacid Investments Limited.

Ownership

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:

References

{{reflist, 30em

External links

Carbacid Official Website Carbacid Posts Flat 2013/2014 financial Year Profits
Financial services companies established in 1961 Companies listed on the Nairobi Securities Exchange Manufacturing companies based in Nairobi Carbon dioxide Chemical companies of Kenya Kenyan companies established in 1961 Industrial gases