Kenyan businessman Narendra Raval is acquiring Athi River Mining (ARM) Cement, a struggling local cement company, for $50 million. Subscribe To Newsletters. BETA. This is a BETA experience.
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East African Portland Cement produces their clinker at Athi River and has thus been spared the need to transport it with the attendant risks. Mr Ndunda said …
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Tanzania: Huaxin Cement has announced the completion of its acquisition of Kenya-based Athi River Mining (ARM) Cement's Tanzanian subsidiary Maweni Limestone. Reuters has reported that …
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Athi River Mining Ltd. is engaged in the manufacture and sale of cement, mining and processing of industrial minerals and chemicals, as well as trading in other building products and the sale of fertilizers. The Company's operations are divided into six operating divisions: Cement, Industrial Minerals, Lime, Fertilizers, Sodium Silicate and ...
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ARM Cement Limited formerly known as Athi River Mining Limited is one of the leading cement, Lime and fertilizer producers and suppliers in the country accounting for 3.2 metric tonnes annually. Situated along Mzee Paulrana Road in Athi River, the company supplies cement as far as Uganda and the Democratic Republic of Congo …
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By James Anyanzwa. Troubled cement maker Athi River Mining is set for liquidation in the next five months and eventual delisting from the Nairobi Securities Exchange after more …
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Case - Athi river mining cement (case study) Show more . The benefits of buying summaries with Stuvia: Guaranteed quality through customer reviews. Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
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Athi River Mining has been sold to Devki's National Cement Company (NCC) allowing billionaire Narendra Raval 'Guru' to expand his empire to the industry's …
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Athi River Mining Company is to wind up its operations on 30th September 2021, bring an end to more than two years when the cement maker has been under administration. The United Bank of Africa(UBA) placed ARM under administration on August 17, 2018, over a loan default and has remained on the death bed ever since.
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Kenya: Athi River Mining has posted a 17% rise in first quarter pretax profit to US$4.7m, helped by higher production and growing demand for cement for infrastructure projects. Kenya's second-largest cement firm, the turnover of which jumped by 61% to US$32m for the quarter ending 31 March 2012, said it would recommend a share split of …
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Kenya: The new owners of Athi River Mining Cement entered the company's 0.7Mt/yr integrated Kaloleni cement plant on 14 October 2019. The Standard has reported that Narendra Raval, chairman of Devki Group, which also owns National Cement, was held up for some time at the entrance, because security guards had not …
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Athi River Mining Ltd will spend over Sh34.1 billion ($400 million) on the construction of new cement plants in Tanzania and Kenya. Next year, ARM will embark on the construction of a Sh21.3 billion …
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Tanzania/ Kenya: Athi River Mining (ARM) will spend over US$400m on the construction of new cement plants in Tanzania and Kenya. Pradeep Paunrana, the company's chief executive, said a new plant in Tanga, Tanzania, would have a capacity of 1.2Mt/yr and will be completed within five months.
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Kenya: East Africa Portland Cement began work to replace a 16.5m-length of kiln shell at its Athi River cement plant at the end of July 2022. The producer says that the project will increase the kiln line's capacity by 1400t/day. Managing director Oliver Kirubai said "Due to the high costs of energy and an old clinker line, the board has prioritised …
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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. ARM Cement was placed into administration in August 2018, due to its inability to service its debts and meet…
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↑ "Athi River Mining now enters financing deal to produce own power" George Ngigi, Business Daily, July 3, 2012. ↑ "Athi River Mining to construct a US$200 million cement plant in Kenya," African Review, March 27, 2014. ↑ "Athi River Mining set for liquidation, delisting at the NSE," The East African, April 27, 2021.
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The China-based company acquired the company from Athi River Mining (ARM) Cement in mid-2020. It then invested US$145m on an upgrade to the unit and started trial clinker production in June 2020. The upgraded plant has a production capacity of 1.6Mt/yr. Huaxin Cement says this is the first time it has directly produced cement in …
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Athi River Mining - Free download as Word Doc (.doc / .docx), PDF File (.pdf), Text File (.txt) or read online for free. Athi River Mining (ARM) is a leading cement and industrial minerals manufacturer in East Africa. It was established in 1974 in Kenya and has since expanded to include operations in Tanzania and South Africa. ARM produces cement, …
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MOMBASA CEMENT LTD (ATHI RIVER UNIT) P.O. BOX 83594-80100 MOMBASA Email: csl@nyumba PROPOSED EXPANSION OF MOMBASA CEMENT ATHI RIVER CEMENT GRINDING PLANT GPS COORDINATES: 01° 26' 001‖S and 036° 57' 795‖E ENVIRONMENTAL IMPACT ASSESSMENT STUDY REPORT Compiled by: Philip. …
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Troubled cement maker Athi River Mining is set for liquidation in the next five months and eventual delisting from the Nairobi Securities Exchange after more than two years under administration …
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Commercial banks have pounced on what is left of Kenya's second-largest cement maker Athi River Mining (ARM) after they took control of the firm seeking to …
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Kenya: Athi River Mining (ARM) Cement is preparing for liquidation and delisting from the Nairobi exchange following the failure of its administrators to revive …
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View the latest ARM Cement PLC (ARM) stock price, news, historical charts, analyst ratings and financial information from WSJ.
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Kenya's Athi River Mining Cement PLC administrators have called for a creditors meeting to discuss liquidator's acts and dealings, and the conduct of the …
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Troubled cement maker Athi River Mining is set for liquidation in the next five months and eventual delisting from the Nairobi Securities Exchange after more than two years under administration failed to revive its operations.. The EastAfrican has learnt that the transition of the company to liquidation from administration is set to take place on September 30 …
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By Shem Oirere. Athi River Mining (ARM) Cement plant in Athi River, Nairobi. The company has transferred its business for US$50 million to National Cement Company, a subsidiary of Devki Group, …
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Athi River Mining cement has a wide range of strengths available, including Class 32.5, 42.5 and 52.5 cement. This class 42.5 and 52.5 strength cement which is much stronger than the usual class 32.5 found in hardware shops around the country has numerous advantages as listed below. 1. Saving on plinth area usable space due to low …
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Troubled cement maker Athi River Mining is set for liquidation in the next five months and eventual delisting from the Nairobi Securities Exchange after more than two years under administration failed to revive its operations.
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Kenya's Athi River Mining Cement PLC administrators have called for a creditors meeting to discuss liquidator's acts and dealings, and the conduct of the liquidation during the preceding year. The Company was placed under Administration effective 17 August 2018 and subsequently placed in liquidation effective 1 October 2021.
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