Pradeep Paunrana is 52 years old and joined ARM CEMENT PLC (formerly Athi River Mining Ltd) in 1984 after graduating with an MBA from NYU Stem. As CEO of the business started by his father, Pradeep has public listed cement, industrial minerals and fertilizers company operating in Kenya, Tanzania, Rwanda and South Africa.
Athi River Mining and East African Portland Cement gained 1.7 per cent and 7.5 per cent respectively of their share prices while Bamburi Cement traded one shilling less after trading ex-dividend.
Long history in the cement and industrial minerals industries Athi River Mining (ARM) has a 30-year history operating in east Africa. sodium silicate. ARM has recorded 10 years of sustained growth in turnover and profits after tax.
Kenya: East Africa Portland Cement Company (EAPCC) properties are set to be auctioned to recover US$13.9m owed to workers following the firm's failure to fully implement a collective bargaining agreement (CBA).
Apr 20, 2018· It operates under the brand name Rhino Cement and produces lime and fertiliser alongside cement. Founded in 1974 by HJ Paunrana, ARM (formerly Athi River Mining Ltd) is a family-owned company, which has grown from modest beginnings into East Africa's second largest producer of cement. It has a market share of roughly 15%.
Nairobi Securities Exchange listed cement makers Bamburi Cement and Athi River Mining are expected to realise higher cash return from their operations in the next three years, as demand for cement in the region rises.
East Africa's cement demand - africanreview. The demand for cement in the East Africa region is expected to grow at an annual rate of 5-6 per cent in the next few years. Growth in cement demand has been witnessed in Uganda, Rwanda and the recovering regions of East DRC and South Sudan. In particular, with the attainment of Independence in .
the total cement production in East Africa. The performance of the world cement industry experienced a period of rapid growth during the past decade, in terms of ... In East Africa, the key demand drivers for cement are private investments and government spending ... Athi River Mining‟s market share increased from 8 percent in 2009 to 18 ...
Kenyan cement maker Athi River Mining (ARM) has announced it is to issue a corporate bond to repay its debts The US$70mn five-year bond will be used to repay short-term loans taken out during the construction of its new clinker plant in Tanga, Tanzania. Pension funds and insurance companies are ...
May 10, 2016· Founded in 1974 by HJ Paunrana, ARM (formerly Athi River Mining Ltd) is now led by his son, Pradeep Paunrana, the current Managing Director and CEO of the company. 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.
The expansion at issue is that of feisty Athi River-based players Mombasa Cement who manufacture the fast-rising Nyumba brand and National Cement supplying the Simba brand.
Athi River Mining Ltd. (ARM) and Bamburi Cement Ltd. were privately owned. The Government held a 52% share in ... Cement demand in east Africa is expected to increase to 11 Mt/yr in 2012 from 5.5 Mt/yr in 2008. The production ... International Gold Exploration AB, 2009, Annual report 2008: Stockholm, Sweden, International Gold Exploration AB, 89 p.
The Rhino Cement Manufacturing Plants are located at the source of limestone and other raw materials in Kaloleni and Tanga, and the grinding plants around the main centres of growth, Nairobi and Dar-es-Salaam, and the main transport hubs for the rest of East Africa Nairobi - Head Office Athi River - Cement Grinding Plant
Due to increased foreign investments in Tanzania's cement sector, 53.2% of the country's total installed grinding capacity would be controlled by new entrants namely, Lake Cement with a 5.3% market share and Dangote Cement with 31.9%. Kenya's Athi River Mining cement would control 16% of the cement market in the country.
The shareholders of ARM Cement (Athi River Mining) will meet on August 25 in Nairobi to approve the investment into the company by CDC Group (formerly Commonwealth Development Corporation), the UK government-owned development finance institution.
ARM Cement Limited: Other Name(s) Previous Name(s) Athi River Mining Cement Limited: Number of Employees: 700: Nature of Business: Athi River Mining Limited was founded in 1973 with the mission of extracting and processing mineral reources availablein Kenya for …
(formerly Athi River Mining) is the third largest cement producing company in Kenya with a 15.5% market share. Its flagship brand is Rhino cement. It was formed in 1974 as a family business.
Mar 14, 2016· Athi River Mining (ARM) is taking the battle in the cement market a notch higher with its plans to build a Sh2 billion clinker and cement plant at Athi River, a location that makes it more competitive by cutting raw material transportation costs by almost a half.
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 ...
The town is relatively industrialised for Kenya. There are six cement factories located within the town: Bamburi Cement, Mombasa Cement, East Africa Portland Cement Company, Savannah Cement, National Cement and Athi River Mining.
This research service provides an informed analysis of the East African cement industry for the period 2009 to 2018. The analysis comprises key industry drivers and restraints, demand and production trends, and forecasts for the total East African cement industry.
The country still faces cement production deficits even as demand for cement in the East African region is projected to grow from 5.6 tonnes to 11 tonnes in 2012.
Athi River Mining. 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.
Nov 27, 2015· Athi River Mining (ARM) Cement also plans to invest in Kitui. ARM will invest up to $300 million (Sh25.5 billion) to fund new plants including the planned unit in Kitui that will produce 8,000 tonnes of cement per day.
ARM Cement Limited ("ARM, or the group, formerly Athi River Mining Limited"), drawn from cash flow projections provided to GCR that reflect that an rating reports, - additional US$55m will be raised in the next 3 years, with a total of Glossary of terms/ratios, February 2014 Rating history: capital requirements during ramp up periods
May 23, 2018· ARM (Athi River Mining) Cement seems to have been grappling with a short-term debt burden. It was reported that an Indian firm Ultratech was interested in investing $125 million, a few weeks ago for a stake in the firm.
A GFK Bimonthly Retail Report showed that between January and February 2018, Athi River Mining's Rhino Cement and East African Portland Cement's Blue Triangle brands lost ground to rivals ...
Increasing demand leads to higher dividend payouts, East Africa 07 November 2011 Nairobi Securities Exchange listed cement makers Bamburi Cement and Athi River Mining are expected to realise higher cash return from their operations in the next three years, as demand for cement in …
Kenya-based cement producer Athi River Mining (ARM) earlier this week reported a significant rise in 2011 cement sales on the back of new domestic cement capacity. The company is now nearing completion of the first of three projects in the Tanzanian market and has secured additional funds for ...
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.
Marwa noted that cement demand is set to reach 11.6 million tonnes per annum across East Africa by the end of 2011, from eight million tonnes per annum at the beginning of the year. The town of Athi River- about 30 km from Nairobi along the Mombasa Highway epitomizes the region's cement demand.
Oct 01, 2014· Key drivers for cement demand in East Africa are infrastructure development, urbanisation, high regional gross domestic product (GDP) growth rates, and high population growth.
The analysis comprises key industry drivers and restraints, demand and production trends, and forecasts for the total East African cement industry. In addition, a detailed analysis of the 6 top cement-producing countries in East Africa is presented.
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