Athi River Mining to create five subsidiaries, Kenya

Athi River Mining to create five subsidiaries, Kenya
Published: 25 July 2008

Athi River Mining, will transform its five  divisions into wholly-owned subsidiary companies, as part of a drive to boost competitiveness.

Currently the firm’s product divisions; Rhino Cement, Sodium Silicate, Minerals, Lime and Mavuno fertilisers are run under an umbrella unit but this will change by January 1,2009.

Analysts said the re-organisation strategy is likely to boost performance because each subsidiary will have its independent targets, unlike the blanket management system where others could afford to relax gain support from other divisions.