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ARM Cement may dispose of some subsidiaries and assets to raise funds as administrators working with the embattled Kenyan company seek to cut debt.
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News of the deal have seen the companys share price endure mixed fortunes at the Nairobi Securities Exchange. The restructuring had commenced on January 1, 2010, when the group resolved to split of the company into two distinct companies, namely ARM Cement Limited dealing in cement and lime
02 January 2019, Published under Cement News ARM Cement''s administrators, PriceWaterhouse Coopers have completed a transaction timetable that will see bidders need to make their bids for the stricken Kenyan Cement producer by the end of January 2019. ARM Cement is reported to be (US) in debt, said Business Daily.
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News Fate of ARM Cement in limbo as battle returns to court has stalled the sale of ARM Cement past the expiry of given the uncertainties which may come at a cost of breaking contract.
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ARM adopts new cement production technology 2015. ARM Cement PLC has adopted new technology in cement production that will significantly reduce the cost of construction... Full Story. Cement firm opens new factory in Tanga 2015. Athi River Mining Limited has commissioned its Sh billion cement manufacturing plant in Tanga, Tanzania...
#0183;#32;ARM Cement has seriously suffered since 2017 when cement demand fell in Kenya, a coal import ban in Tanzania caused production issues at its Tanga plant and increased competition hit both countries. It entered administration in the summer of 2018 and previous owner Pradeep Paunrana has been fighting PricewaterhouseCoopers attempts to sell the business to local rival National Cement.
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