Cement News tagged under: Lafarge Cement Malawi

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Lafarge Cement Malawi reverts to Portland Cement Malawi

08 February 2022, Published under Cement News

Following a change in Lafarge Cement Malawi Ltd’s shareholding from Holcim to Huaxin, the cement producer has reverted to its original name of Portland Cement Malawi Ltd with immediate effect. “Portland Cement Malawi Ltd will remain the home of our trusted brands which include DuraCrete, SupaSet, Kumanga and Khoma”, said Company Secretary and CFO, Constance Musopole. “Huaxin is among the 10 largest cement manufacturing companies globally with 115Mt  capacity. We are excited to begin th...

Huaxin Cement plans US$160m investment in African expansion

17 June 2021, Published under Cement News

Huaxin Cement plans to spend US$160m to purchase cement factories in Zambia and Malawi to expand its presence in Africa, according to a company statement. Huaxin Hainan Investment wants to buy a 75 per cent stake in Lafarge Zambia from French cement maker Financière Lafarge, which isa major shareholder in Huaxin through its subsidiary Dutch finance firm Holchin, for US$112.5 m, said the Chinese cement company. It will also make compulsory cash offers to public stakeholders to buy up th...