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huaxincem.com

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About Huaxin Cement

Huaxin Cement is a China-based company principally engaged in the production and sales of cement and concretes.

Huaxin Cement Headquarter Location

Huaxin Building, No. 426 Gaoxin Avenue Donghu New Technology Development Zone

Wuhan,

China

4001-100-800

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Latest Huaxin Cement News

China’s Huaxin to Buy Cement Factories in Zambia, Malawi for USD160 Million China’s Huaxin to Buy Cement Factories in Zambia, Ma...

Jun 11, 2021

(Yicai Global) June 11 -- Huaxin Cement plans to spend USD160 million to purchase cement factories in Zambia and Malawi to expand its presence in Africa, the company said today. Unit Huaxin Hainan Investment will buy a 75 percent stake in Lafarge Zambia from French cement maker Financière Lafarge, which happens to be a major shareholder in Huaxin through its subsidiary Dutch finance firm Holchin, for USD112.5 million, it said. It will also make compulsory cash offers to public stakeholders to buy up the remaining 25 percent equity. Huaxin is also willing to shell out USD10 million to purchase Pan African Cement from Lafarge Cement Malawi. In all, it is prepared to invest USD160 million. The deal, which is still subject to approval by authorities, would give Wuhan, central Hubei province-based Huaxin an additional output of 1.75 million tons of cement a year in the two countries. It can further increase cement production through the limestone resources the two firms own, it added. Lusaka-based Lafarge Zambia operates two cement plants with an annual output of 1.5 million tons, it said. Lafarge Cement Malawi has a cement grinding mill with a yearly capacity of 250,000 tons. Huaxin Cement’s share price [SHA:600081] closed down 1.71 percent at CNY20.71 (USD3.2) today. Editor: Kim Taylor

Huaxin Cement Acquisitions

1 Acquisition

Huaxin Cement acquired 1 company. Their latest acquisition was Arm Cement - Maweni Limestone on September 27, 2019.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

9/27/2019

$991

Acquired Unit

1

Date

9/27/2019

Investment Stage

Companies

Valuation

$991

Total Funding

Note

Acquired Unit

Sources

1

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