BOC Kenya Limited

BOC Kenya Limited (BOCKL), also BOC Kenya, is a manufacturing company in Kenya. The company manufactures and markets industrial and medical gases.[2]

BOC Kenya Limited
Public
Traded asKN: BOC
IndustryMafufacture of medical & industrial gases
HeadquartersNairobi, Kenya
Key people
Ngungi Kiuna
Chairman
Millicent Onyonyi
Executive Director[1]
Products
Revenue Aftertax: KES:101,255,000 (US$1,017,000) (H1:2013)
Total assetsKES:1.975 billion (US$19.84 million) (H1:2013)
WebsiteHomepage

Location

The company headquarters are located on Kitui Road, in the Industrial Area of Nairobi, Kenya's capital and largest city. The coordinates of the company headquarters are: 1°18'18.0"S, 36°51'02.0"E (Latitude:-1.304990; Longitude:36.850546).[3]

Overview

BOCKL is a subsidiary of the Linde Group, an international manufacturing and engineering conglomerate founded in Germany in 1879, with subsidiaries in over 100 countries.[4] The company is involved in the production and sale of industrial and medical gases, welding products, power tools and medical equipment.[1][5][6]

History

In December 2005, BOC Kenya Limited attempted to take over the shareholding in Carbacid Investments, with the aim of making it a wholly owned subsidiary. However, BOC Kenya did not receive the 80 percent acceptance threshold from Carbacid shareholders, managing only 71 percent. This led to a dispute between BOC Kenya and the Capital Markets Authority. Both the BOC Kenya and Carbacid stocks remained suspended from trading on the NSE from 2005 until 2009 when the hostile takeover offer had lapsed.[7]

Subsidiaries

BOCKL maintains the following registered subsidiaries:[1]

  1. BOC Tanzania Limited – Dar es Salaam, Tanzania
  2. BOC Uganda Limited – Kampala, Uganda
  3. Kivuli Limited – Mombasa, Kenya
  4. East African Oxygen Limited – Dormant

Ownership

The shares of BOC Kenya Limited are listed on the NSE, where they trade under the symbol BOC. The shareholding in the stock of the company are illustrated in the table below:[8]

BOC Kenya Limited Stock Ownership
RankName of OwnerPercentage Ownership
1BOC Holdings 165.38
2Institutional & Private Investors at NSE34.62
Total100.00

BOC Holdings is a wholly owned subsidiary of Linde Group.

See also

References
  1. Herbling, David (7 April 2016). "BOC Kenya maintains dividend payout despite 35.2pc profit drop". Business Daily Africa. Nairobi. Retrieved 7 April 2016.
  2. Reuters (7 April 2016). "Profile of BOC Kenya Limited". Reuters.com. Retrieved 7 April 2016.
  3. Google (7 April 2016). "Location of the Headquarters of BOC Kenya Limited" (Map). Google Maps. Google. Retrieved 7 April 2016.
  4. TLG (8 April 2016). "About The Linde Group". Munich: The Linde Group (TLG). Retrieved 8 April 2016.
  5. Juma, Victor (19 August 2016). "BOC Kenya chief Maria Msiska to leave after five years at helm". Business Daily Africa. Nairobi. Retrieved 8 April 2016.
  6. Market News (30 November 2015). "BOC Kenya appoints A South African to the Board". Nairobi: Kenyanwallstreet.com. Retrieved 8 April 2016.
  7. Business Daily Reporter (2010). "BOC targets Carbacid's carbon business after takeover bid flop". Business Daily Africa. Nairobi. Retrieved 7 April 2016.
  8. "BOC Kenya 2013 Annual Report" (PDF). BOC Kenya Limited. 31 December 2013. Retrieved 24 April 2016.
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