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News Huaxin Cement completes Maweni Limestone acquisition

Huaxin Cement completes Maweni Limestone acquisition

Written by Global Cement staff 20 May 2020
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Tanzania: Huaxin Cement has announced the completion of its acquisition of Kenya-based Athi River Mining (ARM) Cement’s Tanzanian subsidiary Maweni Limestone. Reuters has reported that Huaxin Cement will invest US$30m in completing upgrades to the company’s plants in addition to an investment of US$116m to settle Maweni Limestone’s debts.

Last modified on 20 May 2020
Published in Global Cement News
Tagged under
  • Tanzania
  • Huaxin Cement
  • Acquisition
  • Maweni Limestone
  • Kenya
  • ARM Cement
  • Plant
  • grinding plant
  • China
  • GCW456

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