Dugongo in the running for CIF Angola cement plant auction
Dugongo, a Chinese-financed Mozambican cement company, has been shortlisted as a candidate for the auction promoted by the Angolan state for the privatisation of the cement un...
Huaxin Cement
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Nigerian producers under pressure to reduce prices
The price of cement in Nigeria reached NGN10,000/bag (US$6.46/bag) at the start of 2025. Despite an agreement in January 2024 between the federal government and cement producer...
Huaxin Cement to acquire four Brazilian aggregate quarries
Huaxin Cement has announced a transaction of US$186.6m to acquire four aggregate quarries in Brazil. The acquisition is an important step in the implementation of the company...
Huaxin Cement is poised to be a major African player
This week Huaxin Cement Ltd again showed the strengthening influence of the Chinese in Africa's cement markets as it acquired the majority stake in Lafarge Africa PLC, Nigeria,...
Nacala plant commissions new 3000tpd kiln line
Ciments de Moçambique ( Huaxin Cement group ) has celebrated the commissioning of the new kiln line at the Nacala plant , with a production capacity of 3000tpd. The c...
Holcim to sell Lafarge Africa PLC to Huaxin Cement
Holcim has signed an agreement with Huaxin Cement Ltd to sell its entire 83.81 per cent shareholding in Lafarge Africa PLC , at an equity value of US$1bn on a 100 per cent...
The battle begins for the control of Mozambique's cement market
Mozambique is in the midst of a cement capacity rise. The country's oldest cement producer, Cimentos de Mocambique is looking to consolidate its lead by expanding its Dondo and...
Huaxin Cement posts flat revenues in 2Q24
China-based Huaxin Cement reported flat revenues of CNY9.15bn in the second quarter of 2024. The company’s net income was down 41 per cent YoY to CNY553.1m while the profit m...
Africa is the golden ticket for Chinese cement producers
This week the South China Morning Post pointed out that Chinese cement companies are keen to explore further market opportunities for expansion in Africa's growing cement mark...
China leads cement revolution in Africa
Cement demand in China continues to collapse, and profits are pitiful, leading to some Chinese cement companies accelerating an already aggressive drive into Africa. By Tony Ha...