Cement News tagged under: Huaxin Cement Co

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ARM subsidiary is sold to Huaxin Cement

27 September 2019, Published under Cement News

Maweni Limestone Ltd, the Tanzanian subsidiary of ARM, has been sold to Huaxin Cement of China for US$116m. The acquisition is subject to regulatory approvals. "This transaction will permit Huaxin immediate entry into one of the leading markets in east Africa and is integral to Huaxin's broader strategy to expand its footprint across emerging markets," joint ARM administrators George Weru and Muniu Thoithi of PricewaterhouseCoopers (PwC) Kenya said. The sale follows the sale of the asset...

Floods sweep away Huaxin plant under construction

15 July 2019, Published under Cement News

Floods have swept away the Huaxin Cement Industry plant under construction in Benighat Rorang Rural Municipality-2, Talti, Nepal, on the night of Sunday, 14 July, according to Khabarhub. The cement factory was swept away after the level of water in the river in Talti surged due to incessant rains continuing for three days, said Tulasi Jung Thapa, a spokesperson. No human casualties have been reported so far, but five workers have been trapped due to the floods. The property damaged is ...

Huaxin Cement begins Zafarabad plant build in Uzbekistan

22 May 2019, Published under Cement News

China’s Huaxin Cement Co Ltd has started construction on the 1.2Mta cement plant in Zafarabad district, Jizzakh region in Uzbekistan. Output from the plant is expected to be 480,000t of M400 Portland cement and 720,000Mt of M500 cement with 10 per cent of volumes earmarked for export. The facility represents an investment of US$150m, financed through direct investment and borrowed funds. As part of he investment project implementation, Huaxin Cement Co established a foreign subsidiary, H...

Huaxin Cement Narayani to build US$140m plant

25 June 2018, Published under Cement News

Nepal’s Investment Board (IBN) has signed a project investment agreement with Huaxin Cement Narayani to establish a US$140m cement plant in Nepal. Following the deal signed by IBN’s CEO, Maha Prasad Adkhikari, and Xu Gang, vice-president of Huaxin Cement Co, in the presence of Prime Minister, KP Sharma Oli, the joint venture company will build a 3000tpd cement works in Dhading, Nepal. The agreement includes protection for the foreign investor in Nepal and the provision that, despite the c...

Nepal: planned entry of foreign cement giants

21 June 2016, Published under Cement News

The proposed entry of foreign cement manufacturers into the Nepalese market has set off an expansion drive amongst domestic producers. Dangote Cement of Nigeria, Reliance Cement of India and Hongshi and Huaxin of China have all been given necessary approvals to begin operations in Nepal. The combined FDI for these companies amounts to US$1.45bn and the total proposed output stands at 22,000tpd. This increase in capacity by foreign companies has created unrest among domestic manufacturers....

LafargeHolcim

05 January 2016, Published under Cement News

Holcim Belgique is closing five ready-mixed concrete plants in Flanders, a move that will affect around 60 employees. The works being closed are at Furness, Ostend, Bruges, Izegem and Herentals. Lafarge Cement Zambia, which has a combined capacity of 1.4Mta from its two works, is to quadruple its exports to Congo and from Malawi. In additioin, the production should be increased by 0.1Mta from next month. The Chinese LafargeHolcim associate Huaxin Cement Company is to invest some US$150...

New Kazakhstan cement plant agreement signed

15 December 2015, Published under Cement News

Huaxin Cement Co of China has signed an agreement to invest US$150m in the construction of a 1Mta cement plant in the Aktobe region of Kazakhstan. The deal was signed by Berdybek Saparbayev, governor of the Aktobe region, and Xu Yongmo, chairman of the board of Huaxin Cement. The agreement was concluded during Kazakh Prime Minister Karim Massimov's official visit to China. Construction of the facility is expected to begin in mid-2016. The new plant will produce various cement types, incl...

Huaxin Cement to launch 5Mta project in Kazakhstan

12 October 2015, Published under Cement News

Shanghai-listed Huaxin Cement Co, Ltd will erect a cement project with a capacity of 5Mta in Kazakhstan. The new dry-process cement production line will start construction by the end of the year. (Source: Xinhua's China Economic Information Service)

Huaxin acquires stake in Cambodian plant

18 June 2014, Published under Cement News

China's Huaxin Cement Co Ltd has bought a 40 per cent stake in Cement Chakrey Ting Factory Co Ltd of Cambodia. The US$24m investment was announced on 17 June, according to a recent company announcement. After the investment, the Cambodia cement producer's registered capital grew to US$60m from US$32m. The Hubei province-based cement manufacturer says the acquisition in Cambodia is the company's second overseas investment after establishing a subsidiary in Tajikistan in 2011.

Huaxin Cement positive 1Q profit alert, China

16 April 2014, Published under Cement News

Huaxin Cement Co Ltd anticipates net profit for 1Q14 to increase by 350-400 per cent YoY, compared with a profit of CNY25.74m in the corresponding period of 2013, the company said. The Hubei Province-based company, part of the Holcim group, attributes the profit growth to increasing cement product sales and prices.