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ARM was founded in 1974 by H J Paunrana. It was mainly doing Agricultural Lime, Processed Minerals for Paint, Rubber and Glass.

P H Paunrana joined in 1984. Debt Funding for Growth, Value Added Processing of Minerals, Chemicals and Building Materials.

Corporate Restructuring 1994, Private Placement Capital for 200 TPD Cement Plant, 1997 IPO for Capacity Expansion.
2000 - 20052005 - 20102010's

Regional Diversification Tanzania, South Africa, Cement Capacity Expansion, New Business Lime, Silicate, Formulated Fertilisers.
Focus On Regional Cement Opportunities. Cement Capacity Expansion in Kenya, Study Opportunities in Other African Countries.
Market Capitalization USD 200 million. New Investment 1.5 mtpa Integrated Clinker and Cement Plant in Tanzania, Growth Strategy Focused On Cement, with SSA Footprint. 
New clinker line in Kaloleni commissioned.

Kenya  Athi River grinding plant commissioned bringing total cement capacity to 1,100,000 tons per annum. Acquisition of Rwanda, Kigali Grinding plant.
Tanzania Dar Es Salaam grinding plant  commissioned bringing total cement capacity of 1,850,000 tons per annum. Market capitalization USD 250 million.
Changes name to ARM CEMENT Ltd. Share split of 1 to 5. Tanzania, Tanga 1,200,000 tons per annum clinker plant to be commissioned. Market Capitalization of USD 350 million.

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