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ARM Cement has released their first ever corporate documentary whilst announcing their 2013 financial results. The documentary focuses on the optimistic growth trajectory of the company since its start 40 years ago, to its current position as one of the top ten largest listed companies in the country.
ARM Cement has attributed this growing success to its commitment to the socio-economic development of the country, which is demonstrated in the documentary’s narrative of the Rhino Cement Foundation.
The Rhino Cement Foundation is currently focusing on three pertinent pillars which are; Education, Health and Environment.
ARM Deputy CEO Surendra Bhatia said, “We have been rolling out country-wide projects under each of these for the past four years to continually benefit the people of this country and more so, to step in as a development partner. We owe our success to them and we in turn continue to grow this foundation to provide options for many who are in need.”
The company has registered a growth of 12% Group profit before tax this year. The company has also recorded a turnover of KES 14.2 Billion compared to last year’s KES. 11.4 Billion. This reflects a 24% increase in total sales revenue. This year has also seen KES 1.3 Billion after tax profit from operations in all its regional markets following an increase in their production capacity. The company looks forward to further increase and growth once the Tanga plant is commissioned later in the year. This will be the largest cement and clinker producing plant in the region.
During the event, ARM Cement CEO Pradeep Paunrana said, “ARM Cement has long since been a worthy investor to the economic growth of the region contributing majorly to the development and competitiveness of Kenya’s manufacturing sector. But what we are more proud is the lasting symbiotic relationships we have built with local communities which have not only helped us tailor our products according to our people’s needs but have also seen us build worthwhile projects that will sustain them for many generations.”
In the wake of its 40th anniversary the company looks forward to increasing their capacity and growing local and regional markets. The launch event was attended by various key figures in regional investment banking as well as leaders in the manufacturing, trade and mining sectors.
