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Athi River Mining after-tax profit rose 8 per cent for the year through December 2013. This rise has been attributed to increased sales in its Tanzanian arm. The cement manufacturer earned Sh1.3 billion compared to Sh1.2 billion the previous year...Full Story
Athi River Mining limited (ARM) plans to commission a Sh14.6 billion cement manufacturing plant in May this year as it strives to dominate the East and Southern Africa market...Full Story
Athi River Mining Ltd will spend over Sh34.1 billion ($400 million) on the construction of new cement plants in Tanzania and Kenya...Full Story
Kenyan producer ARM Cement is getting closer to launching construction of a US$400m plant in Kitui County, the company’s managing director has said.
Pradeep Paunrana told local press that the company has received support from the Kitui county government under Governor Julius Malombe.
“We are optimistic that in the next few months, we will move on site for the groundbreaking to pave the way for construction to begin,’’ Standard Digital news quoted him as saying...Full Story
ARM Cement Ltd (formerly Athi River Mining Cement Ltd) has reported a 12% increase in full year pre-tax profit. The Kenyan company benefited from a residential construction boom in a thriving economy as the country caters to a growing middle class.
ARM Cement Ltd is the second largest cement producer in Kenya, with 1 million tpa capacity. In addition, the company has a new 750 000 tpa cement plant in Tanzania and is expanding its presence in Rwanda...Full Story
Giant cement manufacturer, Athi River Mining (ARM) Cement Limited is set to put up a $400 million (Sh34.40 billion) cement plant in Kitui County.
Managing Director Pradeep Paunrana said they have received support from the Kitui county government under Governor Julius Malombe...Full Story
The Kilifi County Deputy Governor Kenneth Mwakombo presided over an event in which local subsistence and small-scale farmers received free planting material from ARM Cement at Patsama in Rabai district. Farmers in Rabai were each supplied with 50kgs of Mavuno planting and top dressing fertilizer, 50kg high calcium agricultural lime and 2kgs of hybrid maize seed. These materials are sufficient for a ¼ acre demo plot of land which in return is expected to generate an estimated net cash value of Kshs. 16,000. Overall farmers in the area expected to harvest an approximate 7 to 8 bags each from this demo plot.
This follows a recent report on national soil by the Government, which deduced that soils in approximately 7.5million hectares of arable land in this country are highly acidic. The Deputy Governor welcomed the move by ARM Cement to donate farm products, as a much needed assistance from the private sector to provide solutions for food security countrywide.
Speaking in Rabai Deputy Governor Kenneth Mwakombo said, “This initiative not only promises to boost our yields in Rabai for the next harvest, but also sets precedence for a long-term financial sustainability programme for our farmers. As government, we are keen to partner with the private sector to embrace new technologies that will improve the capacity for our arable lands to provide food for the people of this country.”
The farm inputs donated by ARM Cement are estimated at Kshs.1 Million for 250 farmers.
By MAUREEN ABWAO
Farmers using the recommended fertiliser in Trans-Nzoia County are realising better yields, a survey by Tile Standard has established. Jonathan Meli, a middle-aged large scale farmer in Trans-Nzoia East who started using the Mavuno fertiliser five years ago, has had his...
ARM Cement, formerly Athi River Mining, posted a 28 percent growth in profit before tax amounting to sh. 1 billion for the first half of the year ended June 30th, compared sh. 791 million realised during similar period last year...Full story
Athi River Mining Ltd will spend over Sh 34.1 billion ($400 million) on the construction of new cement plants in Tanzania and Kenya...Full Story