The life of the ailing cement manufacturer ARM Cement will be brought to an end this week (September 30) when the joint administrators commence winding up the company to pay off outstanding claims estimated at $103.82 million.
The joint administrators — George Weru and Muniu Thoithi of PricewaterhoueCoopers (PWC) — said in a circular to the creditors dated September 21 that their mandate of the administration of the company is set to end on September 30 in line with a court order dated September 9.
