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News Huaxin Cement to buy plants in Zambia and Malawi

Huaxin Cement to buy plants in Zambia and Malawi

Written by Global Cement staff 14 June 2021
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Malawi/Zambia: China-based Huaxin Cement plans to spend US$160m towards buying cement plants in Zambia and Malawi. It intends to spend US$150m on purchasing a 75% stake in Lafarge Zambia and US$10m on acquiring Pan African Cement from Lafarge Cement Malawi. The former operates two integrated cement plants in Zambia with a combined production capacity of 1.5Mt/yr. The latter operates a 0.25Mt/yr grinding plant at Blantyre in Malawi. The acquisition is subject to regulatory approval in each of the relevant countries.

Last modified on 16 June 2021
Published in Global Cement News
Tagged under
  • Malawi
  • Zambia
  • Huaxin Cement
  • China
  • Acquisition
  • Plant
  • grinding plant
  • LafargeHolcim
  • Lafarge Zambia
  • Lafarge Cement Malawi
  • GCW510

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