Founder Harjivandas Paunrana Headquarters Athi River | Products Cement Founded 1974 | |
Type Public CompanyNSE: ARM Key people Rick AshleyChairmanPradeep PaunranaManaging Director & CEO Total assets US$340 million (KES:29.7 billion) (2013) Revenue 15.4 million USD (2013, KES:1.35 billion) | ||
ARM Cement Limited, formerly Athi River Mining Limited, but commonly referred to as ARM is a mining and manufacturing company in Kenya, the largest economy in the East African Community. The company is headquartered in Nairobi and its stock is listed on the Nairobi Stock Exchange.
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Overview
ARM Cement is one of the largest manufactures of cement in Eastern Africa, accounting for 2.6 metric tonnes annually in 2014. ARM has operations in Kenya, Tanzania, and South Africa. Products manufactured include cement, fertilizers, quicklime, hydrated lime, sodium silicate and other industrial minerals. A new factory planned in Kitui, Kenya, is expected online in three to four years and will cost an estimated US$400 million to construct. Once operational, Kitui will increase ARM Cement Limited's production capacity to 5 million tonnes annually.
As of December 2013, the company's total assets were valued at US$340 million (KES:29.7 billion), with shareholders' equity of about US$94 million (KES:8.223 billion).
History
ARM was founded in 1974 by the late Harjivandas J. Paunrana as a producer of agricultural lime.
His son, Pradeep Paunrana, is the current Managing Director and CEO of the company. In Kenya, the company has factories in Mombasa and Athi River, where their first cement factory was established in 1994. Cement production at Athi River Commenced in 1996.
Shareholding
As of December 2014, the major shareholders in the company stock are as displayed in the table below:
Company divisions
The company is divided into the following divisions:
The company brand, "Rhino Cement" is manufactured in Kaloleni and Athi River in Kenya, and at company owned factories in Tanga and Dar es Salaam in Tanzania. ARM Cement maintains shareholding in Kigali Cement Company, a cement company in Rwanda and in a South African cement company.
The division is responsible for the manufacture of "Special Building Products, Sodium Silicate and Industrial Minerals.
This division produces fertilizer at the Athi River factory, under the brand "Mavuno Fertilizer".
Established in 2010, to invest in the communities where ARM Cement has a presence.