Huaxin to acquire stakes in two Hubei-based companies, China

Huaxin to acquire stakes in two Hubei-based companies, China
Published: 24 January 2013


Huaxin Cement is continuing its acquisitions policy by announcing it plans to acquire stakes in two companies based in Hubei province.

The Chinese producer is set to buy a 70 per cent share in two separate companies for a combined price of CNY519m (US$83.4m). Huaxin Cement said that the acquisition will increase its competitiveness in the local cement market.

Huaxin Cement is 41.6 per cent controlled by Swiss cement major Holcim.