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Arm Cement News

Ex-ARM Cement CEO''s contract to expire end month – …

Ex-ARM Cement CEO''s contract to expire end month November 18, 2018 Mr Pradeep Paunrana, a founding shareholder and the company''s former CEO, was hired by PwC in September as the general manager on a three-month contract after the administrators took over operations of the fallen cement …

Chinese firm buys Tanzania unit of Kenya''s Arm Cement ...

2020-5-20 · ARM Cement''s Kenya operations were sold to another Kenyan company, National Cement, for $50 million last year. ARM Cement had an installed …

CDC invests $140m in ARM Cement | Africa Global Funds

2016-5-15 · Cement consumption in Kenya and Tanzania has grown at a rate of around 12% per year, as both countries'' economies grow. CDC''s long-term investment is designed to help strengthen ARM''s financial structure and to help the company develop to meet the growing demand for sustainably produced cement across sub-Saharan Africa.

ARM.NR

2021-10-24 · ARM Cement PLC is a Kenya-based company, which is engaged in the manufacture and sale of cement, mining and processing of industrial minerals …

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ARM Cement

ARM Cement. ARM Cement Limited (ARM), is one of East Africa''s leading manufacturers of cement, lime and fertilizer. The firm has operations in Kenya, Tanzania and Rwanda. Formerly known as Athi River Mining Limited, the company is headquartered in Nairobi …

US$140m CDC investment in ARM Cement will help …

2016-4-29 · ARM, which operated under the brand name Rhino Cement, is one of East Africa''s leading cement manufacturers, producing 2.7 million tonnes a year and employing 3000 people. CDC''s long-term investment is designed to help strengthen ARM''s financial structure and to help the company develop to meet the growing demand for sustainably produced ...

Huaxin Cement acquires ARM Cement''s unit in Tanzania

2020-5-22 · Fly ash industry news: ... Huaxin Cement acquires ARM Cement''s unit in Tanzania; Huaxin Cement acquires ARM Cement''s unit in Tanzania Published on: 22 May 2020 . The company will be investing in Maweni Limestone..To read the rest of this article, …

ARM CEMENT PLC : Stock Market News and Information | …

Huaxin Cement Co., Ltd. agreed to acquire Maweni Limestone Limited from ARM Cement PLC for TZS 11.9 billion. Huaxin Cement Co., Ltd. completed the acquisition of Maweni Limestone Limited from ARM .. National Cement Company Limited completed the acquisition of Kenyan assets of ARM Cemen..

News at ARM Cement

ARM Cement has 923 competitors including Saint-Gobain (France), Cemex (Mexico) and Holcim Group (Switzerland).. Popular M&A news in Materials. Napco has acquired Lasco Fittings (posted on Aug 23, 2021).Carlisle has announced the acquisition of Henry Company (posted on Jul 26, 2021).ASML has acquired Berliner Glas (posted on Jun 17, 2021).Popular contacts in Materials

Cement News tagged : ARM Cement

2019-7-22 · 02 January 2019, Published under Cement News ARM Cement''s administrators, PriceWaterhouse Coopers have completed a transaction timetable that will see bidders need to make their bids for the stricken Kenyan Cement producer by the end of January 2019. ARM Cement is reported to be KES10.2bn (US$100.1m) in debt, said Business Daily.

Suspension of ARM Cement Shares Point to No Near End …

2019-9-27 · ARM Cement, once Kenya''s second-largest cement maker, owes billions of shillings to a range of creditors, including local commercial banks. In a notice from the NSE, the bourse said that regulator Capital Markets Authority had approved a lengthy extension that …

Kenya''s ARM Cement seeks $105m in bond • Aggregate ...

2015-11-17 · Kenya''s ARM Cement aims to raise up to $105 million via a privately placed five-year bond to retire more expensive short-term debt, Kenya''s Business Daily newspaper reported, reports Reuters. The bond offer by east Africa''s second biggest cement producer opened on Thursday and would run until Dec. 2, the newspaper reported.

Kenya''s ARM Cement says clinker plant will boost margins

2015-9-12 · ARM Cement, east Africa''s second biggest producer behind Bamburi cement, posted a pretax loss of 473.5 million shillings ($4.5 million) in the first …

ARM Cement Recovery Plan After Failed ...

2018-7-11 · Formerly known as ATHI RIVER MINING, ARM Cement has launched plans to recover from financial woes and struggles due to the ambitious Tanzanian clinker investment that failed to bear fruit as projected. The plant built in 2014 has in three years of operation led to a Ksh. 6.9 billion loss. The firm through its CEO […]

ARM Cement

2020-7-22 · Perhaps the surprise here is that Huaxin Cement hasn''t gone after the rest of Kenya''s ARM Cement… yet. The other African news story of note this week was the confirmation that Singapore''s International Cement Group (ICG)''s intended purchase of Schwenk Namibia had failed. This deal was announced in March 2019 but it later ran into ...

ARM | ARM Cement PLC Stock Price & News

ARM Cement PLC historical stock charts and prices, analyst ratings, financials, and today''s real-time ARM stock price. Dow Jones, a News Corp company About WSJ. News Corp is a global ...

AVCA | CDC Group invests in East Africa''s ARM Cement

2016-5-10 · ARM, which operated under the brand name, Rhino Cement, is one of East Africa''s leading cement manufacturers, producing 2.7 million tonnes a year and employing 3000 people. CDC''s long-term investment is designed to help strengthen ARM''s financial structure and to help the company develop to meet the growing demand for sustainably produced ...

ARM Cement preparing for liquidation in September 2021 ...

2021-4-29 · ARM Cement preparing for liquidation in September 2021. Kenya: Athi River Mining (ARM) Cement is preparing for liquidation and delisting from the Nairobi exchange following the failure of its administrators to revive operations. The East African newspaper has reported that PricewaterhouseCoopers advised liquidation in a letter of 19 April 2021.

National Cement Completes Acquisition of ARM Cement …

2020-1-9 · National Cement has completed the acquisition of ARM''s Kenya assets by paying KSh5 billion to ARM''s administrators, Price Waterhouse Coopers (PwC). Henceforth, all Kenyan assets of ARM Cement belong to National Cement Company. According to Business Daily, KCB assisted in paying the money, by contributing KSh3.5 billion of the total amount.

How ARM Cement CEO''s plan to hive off Sh1.6bn unit …

2019-8-28 · News How ARM Cement CEO''s plan to hive off Sh1.6bn unit failed Wednesday August 28 2019. ... Potential buyers who put in bids for the ARM Cement business were, …

ARM | ARM Cement PLC Stock Price & News

2021-11-4 · News ARM Cement PLCARM. No news for in the past two years. The Price to Earnings (P/E) ratio, a key valuation measure, is calculated by dividing the …

ARM Cement Plc (ARM) Realtime Stock Quote | Nairobi ...

2018-8-17 · ARM Cement Plc (ARM), Sector: Construction And Allied, Price: KES 5.50, Beta: 0.73.   ARM Cement Ltd. manufactures sodium silicate, lime, industrial minerals, formulated fertilizers and building products in East and Southern Africa. The company''s business segments include Cement & Lime and Other Products. Among...

ARM Cement to give up Tanzania assets

2018-6-15 · ARM Cement has sweetened a deal for buyers of its non-cement businesses, offering them additional assets in Tanzania worth Ksh854.6 million (Sh17 billion) for free. The company earlier announced it had reached an agreement to sell its fertiliser and mineral production businesses in Kenya to Swiss firm Omya and Pinner Heights Limited (PHL), a ...

Kenya''s ARM Cement clinker plant will boost margins ...

2015-9-14 · ARM Cement, east Africa''s second biggest producer behind Bamburi cement, posted a pretax loss of 473.5 million shillings ($4.5 million) in the first six months, which the firm blamed on unrealised foreign exchange losses associated with borrowing for its new clinker plant, a vital raw material for cement.

ARM Cement Shares to Remain Suspended on Nairobi …

2020-5-9 · ARM Cement Plant in Dar-Es-Salaam. Athi River Mining Cement PLC (NSE:ARM) trading of its shares on the Nairobi Securities Exchange (NSE) will remain suspended. "The extension of suspension from trading the company''s shares will remain in force until further notice with effect from May 8, 2020," said the NSE. In a notice to shareholders ...

ARM Cement''s shareholders look for buyers

2017-11-13 · INDUSTRY NEWS; M&A; ARM Cement''s shareholders look for buyers; ARM Cement''s shareholders look for buyers Published on: 13 November 2017 . More than six potential bidders have reportedly shown interest..To read the rest of this article, please login with …

Cement News tagged : ARM

2018-7-12 · ARM cement plans Kenya capacity boost 23 February 2017, Published under Cement News Kenya''s ARM Cement plans to expand its grinding capacity at its Athi River plant in Kenya to add 0.5Mta of cement to the company''s production.