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The new owners of Hima incorporated a company Hima Cement (1994) Uganda Ltd to take over the assets of the company. In April 1999, Bamburi Cement Limited a subsidiary of Lafarge together with Lafarge itself acquired 100% shares from the previous owners. In July 1999, the name of the company was changed from Hima (1994) Uganda Ltd to Hima Cement Ltd. Today, the company is owned by Bamburi Cement Limited and ultimately Lafarge which is the world's largest building materials company.