Will ARM secure a firmer financial footing?
The increasing trend of African sector mergers reflects the tightening economic pressures on African cement producers and their challenging prospects going forward. In the past ...
Arm Cement
59 posts · Page 3 of 6
ARM Cement receives US$15m cash boost from shareholders
ARM Cement will receive an additional US$15m cash injection from its key shareholders to help shore up its financial position as it searches for a strategic investor.
Tanzania is the latest price-pressured African market
While South Africa's cement market is wrapped up in merger talk and oversupply, and Ghana's cement industry is crying out for protection against low imports, Tanzania is the lat...
ARM suffers heavy half-year losses
Kenya's ARM Cement Ltd announced a half-year 428.53 per cent increase in losses to KES1.41bn (US$13.5m) from KES266.78m during the same period last year.
ARM Cement to sell non-core unit
ARM Cement is to sell its fertiliser unit in a bid to raise cast to grow its core buisiness of cement, local media reports.
Kenya: CDC completes purchase of 40% stake in ARM Cement
ARM Cement has completed the sale of 40 per cent of its shares to CDC Group, a UK-owned development corporation, for KES14.1bn (US$139m), Capital Business reports. The investmen...
Kenya: CDC Group appoints two directors to ARM's board of directors
UK’s sovereign wealth fund CDC Group has appointed two directors to the board of Kenyan cement manufacturer ARM Cement Ltd in which it recently acquired a 40.6 per cent stake fo...
Kenya: ARM will look to improve margins
ARM Cement posted a pretax loss of KES473.5m (US$4.5 m) in the first six months, which the firm attributed to unrealised foreign exchange losses associated with borrowing for it...
Kenya: ARM nears final talks with foreign investor
Kenya's ARM Cement Ltd expects to conclude talks on a foreign investor taking a US$140m stake in the company by 15 April. The investment is expected to be concluded by June, the...
Kenya: ARM Cement reportedly nears deal with foreign investor on stake
Kenyan producer ARM Cement is in the “final lap of concluding investment details with a potential investor,” CEO, Pradeep Paunrana, told Bloomberg in a recent interview. In Dece...