Ericsson wrote:sparkly wrote:Horton wrote:Ericsson wrote:After the death of the father,the Paunrana sons mismanaged the company to its death bed.
Not true. It’s only Pradeep (not sons he is the only one the rest are sisters who were married) who actually built the company. Word has it that He used to borrow his cousins canter to transport limestone when he came back from the US.
ARM may have bitten off more than they could chew but I am confident they will bounce back at some point.
ARM went into a price war with established players and came out worse. They got angel investors to bail them out. If the angel investors stick around abit longer ARM will be n bigger than Bamburi.
Demise of ARM was caused by Mombasa Cement.
Iam tempted to concur with you. The Rhino cement brand is nowhere to be seen. Hardware stores are no longer painted with Rhino colours. Most are branded Bamburi. In areas of Kitengela, Athi river, Machakos the cement of choice is Simba. When you go to Kiambu and most parts of Nairobi, the fundis are using blue triangle. Mo-shaina(chinese) are using Savanna and Bamburi for those flyovers. I have witnessed a 12 floor building in Mombasa being built using Mombasa cement(beams, shutter and all). Huko Lamu port the cement is powercrete 52.5 and probably Rhino 52.5(i have never seen a ready mix lorry branded ARM). I am told huko Western and North rift there is a new cement brand known as RAI.However, looking at the cement consumption data in the whole world, Kenya and other East African countries are still on the lower percentile of cement consumption meaning there are still great opportunities. Thats why Dangote is still very interested the Kenyan market. ....kwa hayo yote. There is still hope for ARM
Dumb money becomes dumb only when it listens to smart money