Athi River Mining
| Public Company NSE: ARM |
|
| Industry | Manufacture & Distribution of Cement |
| Founded | 1974 |
| Founder | Harjivandas Paunrana |
| Headquarters | Athi River, Kenya |
|
Key people
|
Rick Ashley Chairman Pradeep Paunrana Managing Director & CEO |
| Products | Cement |
| Revenue | US$15.4 million (KES:1.35 billion) (2013) |
| Total assets | US$340 million (KES:29.7 billion) (2013) |
| Website | Homepage |
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 and its stock is listed on the .
ARM Cement is one of the largest manufactures of cement in Eastern Africa, accounting for 2.6 metric tonnes annually in 2014. ARM has operations in Kenya, Tanzania, and South Africa. Products manufactured include cement, fertilizers, quicklime, hydrated lime, sodium silicate and other industrial minerals. A new factory planned in Kitui, Kenya, is expected online in three to four years and will cost an estimated US$400 million to construct. Once operational, Kitui will increase ARM Cement Limited's production capacity to 5 million tonnes annually.
As of December 2013, the company's total assets were valued at US$340 million (KES:29.7 billion), with shareholders' equity of about US$94 million (KES:8.223 billion).
ARM was founded in 1974 by the late Harjivandas J. Paunrana as a producer of agricultural lime.
His son, Pradeep Paunrana, is the current Managing Director and CEO of the company. In Kenya, the company has factories in Mombasa and Athi River, where their first cement factory was established in 1994. Cement production at Athi River Commenced in 1996.
As of December 2014[update], the major shareholders in the company are as displayed in the table below:
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Wikipedia