HBM Nigeria profit rises 57% in 1H26
HBM Nigeria Plc , formerly Lafarge Africa Plc, reported profit after tax of NGN208bn (US$145m) in the first half of 2026, up 57 per cent from NGN132.68bn in the year-ago perio...
Huaxin Cement
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Holcim agrees US$807m sale of Philippine business to Huaxin
Holcim has agreed to divest its business in the Philippines to China's Huaxin Building Materials in a transaction valued at US$807m. Under the agreement, Huaxin will ini...
Capacity tripled at Mozambique's Nacala plant
Cimentos de Moçambique, a subsidiary of Huaxin Cement , has tripled production capacity at its Nacala plant in Nampula Province to 1.2Mta from 390,000tpa following a US$110m...
Nigerian Senate backs Huaxin's acquisition of Lafarge Africa
Nigeria's Senate has approved the proposed US$1bn acquisition of Lafarge Africa by China's Huaxin Cement following a review by an ad hoc committee. The committee found no ...
CSN receives non-binding bids for cement division sale
Brazilian steel and cement producer Companhia Siderúrgica Nacional (CSN) has reportedly received non-binding offers for its cement business as part of an ongoing divestment ...
Cambodian minister encourages Huaxin to expand cement investment
Cambodia’s Minister of Industry, Science, Technology and Innovation, Hem Vanndy, has encouraged Huaxin Building Materials Group to expand its investment activities in the cou...
Nigeria is in the middle of a new cement capacity frenzy
Nigeria already has the largest cement capacity in Africa, and it is about to add even more. This week, the Edo State Government agreed on a new 10Mta cement plant with a Chine...
CSN moves to next phase of cement unit sale process
Brazil’s Companhia Siderúrgica Nacional (CSN) is set to begin the binding bid phase for the sale of its cement business, CSN Cimentos, within the next month, according to the...
Huaxin Cement reports higher FY profit and revenue
China-based Huaxin Cement reported an increase in full-year profit, with net earnings rising to RMB2.85bn (US$395m) from RMB2.42bn in FY2025. Revenue increased by 3.3 per ...
CSN explores potential sale of cement unit
Brazil’s Companhia Siderúrgica Nacional (CSN) is reportedly considering the sale of its cement division for up to US$3bn with potential interest from Votorantim Cimentos an...