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National Cement Company, which this week signed a deal to buy the assets of ARM Cement from its administrator, plans to invest Sh3.6 billion to modernise the production plants it is acquiring, its chairman said on Friday.
ARM, which was once the second biggest cement maker in Kenya behind LafargeHolcim’s Bamburi Cement, was put under administration last August by some of its creditors over debts totalling Sh19.3 billion. Its shares were then suspended from the Nairobi bourse.
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