Lafarge Zambia to revert name to Chilanga Cement
Lafarge Zambia (Holcim group) is set to change its name and revert to ‘Chilanga Cement Plc’ following a share sale and purchase agreement signed and executed with Huaxin (Haina...
Huaxin Cement
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Huaxin Cement to begin plant operations within three weeks
Huaxin Cement is now expected to start production at its new 3000tpd plant in Nepal within the next three weeks, with the necessary preparations being made. "We are in the p...
Holcim divests Zambian subsidiary to Huaxin Cement
Holcim has closed the sale of its business in Zambia, representing a 75 per cent stake in the company, to the Chinese cement group Huaxin for an enterprise value of US$150m fo...
Power supply switching station ready for Huaxin Cement
Nepal Electricity Authority (NEA) has commissioned the switching station in Dhading district that will be supplying electricity to the Huaxin Cement plant that is under constru...
Huaxin Cement plans US$160m investment in African expansion
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 I...
Huaxin Cement announces profit decline for 2020
China’s Huaxin Cement expects its net profit to decrease by 9-14 per cent YoY in 2020, compared to CNY6.3bn (US$974m) in the previous year, according to preliminary calculation...
Maweni Limestone upgrades kiln line
Huaxin Cement’s Maweni Limestone subsidiary has ignited the kiln and begun trial production at its recently-upgraded 0.75Mta plant. Huaxin Cement acquired the Tanzanian compa...
Huaxin Cement acquires ARM Cement's Tanzanian unit
The Tanzanian unit of Kenya's ARM Cement has been sold to China's Huaxin Cement, according to its administrator PricewaterhouseCoopers. Huaxin is expected to invest US$116m ...
Huaxin Cement reports 65% fall in 1Q20 profit
China’s Huaxin Cement has reported a 65 per cent YoY decline in net profit to CNY354.1m (US$50.06m) for the first quarter of 2020, according to Reuters. However, the company h...
Huaxin Cement plans share buy-back scheme
China’s Huaxin Cement has announced its intention to buy back company shares worth around CNY100-125m (US$14.21-17.76m) within the next 12 months. The company also stated it...