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ARM Cement Plc (ARM)

July 31, 2021
in Business
Reading Time: 3 mins read
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ARM Cement Plc (ARM)

ARM Cement Plc (ARM)

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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 the products that the company produces are high quality composite portland cement manufactured as CEM II manufactured by inter-grinding high strength clinker, reactive natural pozzolana and high purity gypsum, CEM 1, 42.5 N manufactured with high strength clinker and specifically engineered for structural concrete works where high strength concrete is critical. The Company produces a large range of industrial mineral products for use in the manufacturing industry. Minerals such as limestone, calcite, dolomite, feldspar, kaolin, gypsum, bentonite and barytes form an essential component of many industrial products

ARM recently announced plans to cede a controlling stake to a strategic investor after it opted to offer new ordinary shares to the new partner at  buyout cost KES 14 billion cash injection and pay an undisclosed annual interest on the preference shares which were to be converted to equity in 2023. This is meant to strengthen the financial position of the company as it executes its regional growth plans.

About ARM Cement Plc

ARM Cement PLC 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 range of industrial mineral products for use in the manufacturing industry. The Company also manufactures sodium silicate, which is used in manufacture of soaps and detergents, and as a flocculent in water treatment. The Company’s brands include RX3, RX4, RX4S, RX5, Rhinofix and Rhino Lime. The Company operates in Kenya and South Africa. The Company’s subsidiaries include ARMSA (Pty) Limited, which is engaged in the manufacture of silicate liquid; Mavuno Fertilizer Limited, which is engaged in the manufacture of fertilizer, and Maweni Limestone Limited, which is engaged in the manufacture of cement.

INDUSTRY

Construction – Raw Materials

CONTACT INFO

9th Floor

The Westwood,, Ring Road,, Westlands,

00100

Kenya

+254.20.2692985

https://www.armcement.com/

EXECUTIVE LEADERSHIP

Wilfred Murungi

Non-Executive Chairman

Pradeep Harjivandas Paunrana

Group Managing Director, Executive Director

Surendra L. Bhatia

Deputy Managing Director, Executive Director

John Maonga

Company Secretary

Rohit Anand

Non-Executive Director

 

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