ARM CEMENT
ARM CEMENT LTD used to manufacture and sell cement products through distribution outlets in Kenya, Tanzania, South Africa and Rwanda. The company was originally founded to produce lime for the agricultural sector and at one point was one of the largest manufacturers of cement in East Africa with other interests in fertilizers, quicklime, hydrated lime, sodium silicate and industrial minerals. The company mined and processed industrial minerals and chemicals. They sold building products and extracted and processed limestone. They also manufactured and sold fertilizers and silicate liquid. Cement products were sold under the brand name Rhino, and fertilizers under the brand name Mavuno. The company was formerly known as Athi River Mining Limited when it was founded in 1974. Its name was changed to ARM Cement Plc in 2012. It was listed in 1997 and de-listed in 2018 after going into administration. The company went into financial distress in 2018 and was put under administration after failing to settle its obligations. It was eventually sold in 2020 to National Cement Company (NCC) which manufactures Simba Cement, for Ksh 5 billion. NCC took over the Kenyan operations and its Tanzanian operations by Huaxin Cement in China.
Financial Data source: Company’s Annual reports (Check investor relations on the Company’s website)
Company Description source: African Financials
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