ARM Cement Limited

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ARM Cement Limited
Public Company
Industry Manufacture & Distribution of Cement
Founded 1974
Founder Harjivandas Paunrana
Headquarters Athi River, Kenya
Key people
Rick Ashley
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 Nairobi Stock Exchange.[1]


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.[2] 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.[3]

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).[4]


ARM was founded in 1974 by the late Harjivandas J. Paunrana as a producer of agricultural lime.[5]

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.[6]


As of December 2014, the major shareholders in the company stock are as displayed in the table below:[7]

ARM Cement Limited Stock Ownership
Rank Name of Owner Percentage Ownership
1 Amanat Investments Limited 28
2 Paunrana Pradeep Harjivandas 18
3 CfC Stanbic Bank Nominees A/C Nr 01503 7
4 ARM Cement Limited ESOP 4
5 Standard Chartered Nominees Non-Resident A/C: 9318 3
6 Tannel World Limited 1
7 Standard Chartered Bank a/c Pan African unit linked Fund 1
8 Standard Chartered Nominees Account KE 17984 1
9 Standard Chartered Nominees non-resident. a/c 967 1
10 Anjana Pradeep Paunrama 1
11 Others investors 35
Total 100.00

Company divisions[edit]

The company is divided into the following divisions:[8]


The company brand, "Rhino Cement" is manufactured in Kaloleni and Athi River in Kenya, and at company owned factories in Tanga and Dar es Salaam in Tanzania. ARM Cement maintains shareholding in Kigali Cement Company, a cement company in Rwanda and in a South African cement company.

Mineral and Chemicals

The division is responsible for the manufacture of "Special Building Products, Sodium Silicate and Industrial Minerals.


This division produces fertilizer at the Athi River factory, under the brand "Mavuno Fertilizer".

Rhino Foundation

Established in 2010, to invest in the communities where ARM Cement has a presence.

See also[edit]


  1. ^ Mugwe, David (10 July 2013). "ARM Cement Increases Tanzania Investment As Profit Up 28 Percent". The EastAfrican (Nairobi). Retrieved 18 October 2014. 
  2. ^ M.W., . (2011). "Athi River Mining Shrugs Off Pricing Pressure To Cement Its New-Found Position In The Market". Business Daily Africa (Nairobi). Nation Media Group. Retrieved 18 October 2014. 
  3. ^ Mwakio, Philip (12 February 2014). "ARM To Set Up A $400 Million Cement Plant In Kitui County". The Standard (Kenya). Retrieved 18 October 2014. 
  4. ^ "ARM Cement Limited: Audited Annual Financial Report, 31` December 2013" (PDF). ARM Cement Limited. Retrieved 18 October 2014. 
  5. ^ "Mavuno Fertilizer". ARM. 2014-11-10. Retrieved 2015-12-24. 
  6. ^ Biko, Jackson (12 September 2013). "It All Started With A Bunch of Keys". Business Daily Africa (Nairobi). Retrieved 17 October 2014. 
  7. ^ "ARM Cement 2014 Annual Report" (PDF). ARM Cement. 31 December 2014. Retrieved 24 December 2015. 
  8. ^ "The Divisions of ARM Cement". ARM Cement Limited. Retrieved 18 October 2014. 

External links[edit]