China: Huaxin Cement is planning to consolidate all overseas production and operating assets into a new subsidiary, which it intends to list on an overseas stock exchange, according to a company announcement made on 31 August 2025. The proposed spin-off, which is still at a preliminary stage, reportedly aims to broaden financing channels, integrate resources and strengthen the company’s global operations.
Huaxin Cement said the restructuring will not affect its control over the overseas assets, with the new entity remaining a controlled subsidiary in its consolidated financial statements. The company said the move supports its long-term goal of becoming a 'globally leading multinational corporation in the building materials industry.'
The announcement comes just two days after the completed divestment of Holcim’s stake in Lafarge Africa to Huaxin Cement for US$1bn.
