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Complete ARM Cement PLC stock information by Barron's. View real-time ARM stock price and news, along with industry-best analysis.
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ARM Cement Tanzania unit sold for Sh12 billion Thursday, September 26, 2019 — updated on December 08, 2020 - 2 min read
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ARM Cement Plc (ARM Cement), once Kenya's second biggest-cement maker after Lafarge's Bamburi Cement, has sold off some of its Kenyan assets for US$50 million, as the company seeks to improve its liquidity and reduce a crippling debt that saw it being placed under administration in the third quarter of 2018.
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South Korea: Ssangyong C&E has exported 30,000t of low-carbon limestone cement (Type IL) to the US, its first such shipment following three years of research and development, according to AJU News. The product reportedly has a reduced clinker content and maintains the same physical performance as general cement. The …
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Kenya: Savannah Cement will sell assets including its Athi River grinding plant to compensate creditors, following its liquidation after entering administration in 2023, Business Daily has reported.Savannah Cement's administrator PKF Kenya announced that the closing date for expressions of interest will be 16 August 2024. The company owes …
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CemNet » Cement News » ARM subsidiary is sold to Huaxin Cement ARM subsidiary is sold to Huaxin Cement. 27 September 2019. Maweni Limestone Ltd, the Tanzanian subsidiary of ARM, has been sold to Huaxin Cement of China for US$116m. The acquisition is subject to regulatory approvals.
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ARM went head-to-head with some of the largest cement manufacturers in Africa, including Dangote Cement, and proudly held its ground in the region's …
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ARM Cement Limited (NASE:ARM.O) signed an agreement to acquire limestone-rich land from some residents of Ngaaiye in Kyuso district. 15-01-29: CI ARM Cement Limited (NASE:ARM.O) acquired remaining 65% stake in Kigali Cement. 14-07-01: CI
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ARM Cement PLC is a Kenya-based company, which is engaged in the manufacture and sale of cement, mining and processing of industrial minerals and chemicals, trading in other building products and the sale of fertilizers. The Company's segments include Cement and lime, and Other products. The Company produces a …
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The move has increased the loss by creditors in ARM Cement to around US$99m or around 66% of the total claims. ARM Cement was put in liquidation in October 2021. It owns a 70% stake in Mafeking Cement, a company that owns limestone mining rights in north-west South Africa. The remaining 30% share is owned by local …
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The company has grown from modest beginnings into East Africa's second largest producer of cement, with a market share of roughly equivalent to a 15 percent market share. 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 …
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Business tycoon Narendra Raval's National Cement Company has bought ARM Cement's assets for US$50 million (Ksh 5 billion), its administrator was quoted by Reuters news agency as saying on Tuesday. ARM Cement was put under administration in August last year by some of its creditors over a Ksh 19.2 billion debt and its shares were …
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Recent News & Activity. ... ARM CEMENT LTD is a Kenya-based cement manufacturer company. It also manufactures sodium silicate, lime, industrial minerals, formulated fertilizers and special building products in east and southern Africa.
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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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ARM Cement is set to build Kenya's biggest plant in Kitui County, setting it up for a fight with Africa's richest man Aliko Dangote who plans to open a Sh34.8 billion ($400 million) plant in Kenya
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The acquisition of ARM Cement for US$50m by National Cement has hit a legal block. ARM's former CEO and leading shareholder, Pradeep Paunrana, has …
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Athi River Mining (Kenya) Ltd (ARM) was established in 1974 by Mr. H.J Paunrana as a mineral, extraction and processing company and is now a public limited company quoted on the Nairobi Stock Exchange since 1997.
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Devki Group also picked up this plant in 2019 following the long breakup of ARM Cement, after the latter producer entered financial administration back in mid-2018. ... Other recent news of note in Kenya includes the restart of clinker production at East African Portland Cement's (EAPC) Athi River Plant in mid-2022. ...
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ARM CEMENT LTD | 3,930 followers on LinkedIn. ARM CEMENT LTD (formerly Athi River Mining Ltd.), established in 1974 under the stewardship of H.J. Paunrana, ARM CEMENT is a publicly held company listed on the Nairobi Securities Exchange. ARM engineers, build and operates world class cement plants with lower then industry average capital costs, …
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More cement news updates. FL & Co. Group provide interim report for Q2 2024 Thursday 15 August 2024 08:59. The group has enjoyed strong profitability across both mining and cement, reflecting continued business improvements. Heidelberg Materials finalises award contract with US DOE for Mitchell, Indiana, cement plant ...
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Lenders and unsecured creditors of the collapsed ARM Cement lost Sh11.5 billion during the distribution of proceeds after liquidation of the firm.
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ARM CEMENT LTD | 3,961 followers on LinkedIn. ARM CEMENT LTD (formerly Athi River Mining Ltd.), established in 1974 under the stewardship of H.J. Paunrana, ARM CEMENT is a publicly held company ...
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Kenya: Kenya's ARM Cement has completed the acquisition of Rwanda's Kigali Cement as it continues expanding its East African market. ARM, which has held a 35% stake in the only privately-owned cement company in Rwanda since 2011, Kigali Cement, bought out the remaining 65% stake held by various shareholders to take …
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The latest cement news from World Cement magazine a leading cement publication covering industry trends, cement production, product news and special reports. For full functionality of this site it is necessary to enable JavaScript.
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The Nairobi Securities Exchange (NSE) has suspended trading on ARM Cement following the placement of the company under administration pursuant to Section 534(1) of the Insolvency Act, 2015. ... We are a leading integrated digital content platform providing in-depth business and financial news across Sub-Saharan Africa & the globe.
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The Cement Business of Kesoram consists of 2 integrated cement units at Sedam (Karnataka) and Basantnagar (Telangana) with a total capacity of 10.75 mtpa. Out of this total capacity, 8.50 mtpa is clinker backed and 2.25 mtpa is surplus grinding capacity. The cement business also has a 0.66 mtpa packing plant in Solapur, Maharashtra.
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ARM Cement was put in liquidation in October 2021. It owns a 70% stake in Mafeking Cement, a company that owns limestone mining rights in north-west South …
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How ARM Cement CEO's plan to hive off Sh1.6bn unit failed Wednesday, August 28, 2019 — updated on September 24, 2020 - 4 min read
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Masonry/Concrete:We offer concrete for residential and commercial buildings and can easily cater to the large-scale demand for concrete. Building Material:ARM Concrete Inc. provides strong and sturdy building materials, making them in the greenest way possible so that our carbon footprint is minimal. Ready-Mix Concrete Supplier:We ensure to …
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ARM | Complete ARM Cement PLC stock news by MarketWatch. View real-time stock prices and stock quotes for a full financial overview.
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