Cement News tagged under: Huaxin Cement
Huaxin Cement net income picks up in 202302 April 2024, Published under Cement NewsChina-based Huaxin Cement posted revenues of CNY33.8bn (US$4.671bn) in 2023, up 11 per cent when compared with the previous year. Net income edged up by 2.3 per cent YoY to CNY2.76bn in 2023, but the company’s profit margin slipped to 8.2 per cent from 8.9 per cent as the company saw an increase in expenses. Earnings per share (EPS) increased to CNY1.33 in 2023 from CNY1.30 in 2022. While the company’s revenue was in line with analyst predictions, EPS missed analyst estimates by one per... |
Companies circle for InterCement's assets26 February 2024, Published under Cement NewsCompanhia Siderúrgica Nacional (CSN) and a consortium led by Votorantim Cimentos , including Polimix and Buzzi, have made binding proposals for the purchase of the assets in Brazil of Loma Negra 's parent company InterCement Participações (InterCement), according to a local source. InterCement has commented that it has received a series of inquiries and expressions of interest in its assets during recent months. BTG Pactual Bank is assisting in evaluating strategic alternatives, such... |
InterCement assets in Brazil and Argentina are on other players' radar21 July 2023, Published under Cement NewsAccording to Valor, InterCement assets are being valued by local and global players. The operations of Loma Negra, Argentina, are being looked at by CEMEX , Pacasmayo and Argos . Loma Negra has nine plants and 45 per cent of the market. According to Valor, the Brazilian operation could raise the interest of Buzzi, Vicat, Votorantim, CSN, Titan and Mizu. However, no official comment has been made from the parties in the article. In Brazil InterCement has a total production c... |
InterCement sells African businesses to Huaxin Cement04 July 2023, Published under Cement NewsInterCement Participações S.A . has reached an agreement with Huaxin Cement Co Ltd regarding the sale of InterCement’s businesses in Mozambique and South Africa. Following the announcement of the sale of InterCement's operations in Egypt in January 2023, the sale of the remaining Mozambique and South Africa businesses further positively contributes to the group's ongoing liability management plans and the acceleration of InterCement’s broader strategic review to return focus to its core m... |
Abra Holdings offers to raise its controlling stake in Oman Cement08 June 2023, Published under Cement NewsAbra Holdings Ltd (Abra) of Mauritius ( Huaxin Cement Group ) has announced a public offer to acquire an additional 15.42 per cent of the issued share capital of the Oman Cement Co (OCC), a move that would increase the former’s stake in OCC to 75 per cent. The offer opens on 14 June 2023 and closes on 25 June 2023 against an offer price of OMR0.379 (US$0.98) per OCC share. “Abra will contribute to the development of operations at OCC, increase its production efficiency, and enhance i... |
Jizzak cement orders Bedeschi reclaimer06 June 2023, Published under Cement NewsBedeschi SpA of Italy has been awarded an order to supply one circular storage unit to handle coal inside the Huaxin Cement 's Jizzak plant in Uzbekistan. The capacity of the plant is 5000tpd and the storage has a diameter of 80m. Bedeschi will supply one STK RC with the capacity of 300tph and one PAL FR lateral scraper reclaimer with a capacity of 150tph. The new supply will be similar to the circular storage of the image below. Bedeschi circular storage stacker/reclaimer |
Huaxin acquires majority stake in Oman Cement10 April 2023, Published under Cement NewsOman Cement Company SAOG has confirmed the successful completion of a share purchase agreement between The Investment Authority Company SPC (representing the government’s stake in the cement manufacturer), and Huaxin (Hong Kong) International Holdings Limited. Under the agreement signed last month, Huaxin acquired 59.58 per cent the share capital of publicly traded Oman Cement for a consideration estimated at USD193.1m. The buyer, Huaxin, has assigned its ownership right to Abra Holdings... |
Huaxin Cement sees revenue fall 2% in 1H2201 September 2022, Published under Cement NewsChina’s Huaxin Cement Co Ltd has reported revenue of CNY14,389m (US$2087m) in the first half of 2022, down 2.41 per cent YoY. The fall is being blamed on lower cement sales volumes and higher fuel costs. Over the same period, net profit attributable to equity shareholders contracted by 34.9 per cent to CNY1587m. Due to the country’s extreme macro-economic environment, sales volumes of cement and ready-mixed concrete fell 21.5 per cent YoY in the first six months of 2022 to approximately 29Mt... |
Lafarge Zambia to revert name to Chilanga Cement13 December 2021, Published under Cement NewsLafarge 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 (Hainan) Investment Co Ltd. Lafarge Zambia Plc has also announced the appointment of its new director of the board and chief executive officer, Chai Jianping. |
Huaxin Cement to begin plant operations within three weeks10 December 2021, Published under Cement NewsHuaxin 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 process of finalising the test production. Necessary equipment has been connected, and only some basic works remain. They will be completed in a few days,” said Dilliraj Pokharel, deputy general manager of Huaxin Cement Industry. Electricity has reportedly been made available to the facility since Monday. |