Arm Cement News Today

ARM Cement writes off assets in South Africa

ARM was placed in administration in August 2018 after falling into financial difficulties.

Thirty former employees wanted NCC to be part of the case, arguing they have learnt that it has acquired ARM.

Number of firms under administration in Kenya at the end of 2021 was eight times higher than in the previous year.

ARM Cement settles Maweni Limestone's debts

Kenyan creditors suffered substantial losses in the liquidation of the cement manufacturer.

Lenders and unsecured creditors of the collapsed ARM Cement lost Sh11.5 billion during the distribution of proceeds after liquidation of the firm.

EAPCC, Bamburi and National Cement are among firms that own their own clinker plants, while Savannah Cement, imports clinker.

Competition watchdog says Devki’s proposal to raise clinker import duty risks hurting rivals, raising prices of commodity.

Steel tycoon invests Sh1.8bn in fertiliser after ARM deal Tuesday June 01 2021 By BONFACE OTIENO The investment will triple the plant’s production capacity to 300,000 metric tonnes of fertiliser annually. The upgrade of the fertiliser blending plant comes less than two years after Mr Raval’s, National Cement Company, paid Sh5 billion to complete the purchase of ARM Cement assets in Kenya. The fertiliser division was the third arm under ARM Cement. Athi River has other business divisions pro...