CARBACID INVESTMENTS LTD draft

The source of Carbon Dioxide in Kerita Forest was first discovered in 1933. It was not until 1957 that serious investigation into its nature when Kagwe Limited was established in 1958, in order to process the gas, and the first 150 Kg per hour high pressure plant was installed. The plant, located at the well head, commenced processing of Carbon dioxide into liquid and dry ice.

This small scale production facility progressed satisfactorily for some time and in 1960, the first storage tank and road tanker were acquired The challenges associated with handling and distribution were addressed by adopting a bulk CO2 system.

Business to the entire East African region had developed sufficiently by 1971 to justify the setting up of an office and distribution depot in Nairobi with a stock holding facility, cylinder filling unit and dry ice plant. In order to finance this expansion and the purchase of a larger production plant, the company changed its name to Carbacid (CO2) Ltd., and a parent company, Carbacid Investments Limited was floated on the Nairobi Stock Exchange. Business continued to develop rapidly necessitating the purchase of more storage tanks, road tankers and additional processing capacity By the late 1980s the Group began exporting to the neighbouring countries of Uganda and Tanzania.