Cement News tagged under: Huaxin Cement
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. |
Holcim divests Zambian subsidiary to Huaxin Cement02 December 2021, Published under Cement NewsHolcim 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 for 100 per cent ownership of the company. The deal was closed following approvals from Chinese and Zambian authorities. Jan Jenisch, Holcim CEO: said “This divestment is another step in our transformation to become the global leader in innovative and sustainable building solutions giving us the flexibility to con... |
Power supply switching station ready for Huaxin Cement18 October 2021, Published under Cement NewsNepal Electricity Authority (NEA) has commissioned the switching station in Dhading district that will be supplying electricity to the Huaxin Cement plant that is under construction. According to the NEA, the switching station was charged on Friday by using the electricity supply from Marsyangdi-Syuchatar 132kV transmission line. The NEA will be supplying 20MW of electricity to the cement factory. As a result, NEA will be able to supply electricity locally through two transmission lines w... |
Huaxin Cement plans US$160m investment in African expansion17 June 2021, Published under Cement NewsHuaxin 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 Investment wants to buy a 75 per cent stake in Lafarge Zambia from French cement maker Financière Lafarge, which isa major shareholder in Huaxin through its subsidiary Dutch finance firm Holchin, for US$112.5 m, said the Chinese cement company. It will also make compulsory cash offers to public stakeholders to buy up th... |
Huaxin Cement announces profit decline for 202014 January 2021, Published under Cement NewsChina’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 calculations by the company’s financial department. The company’s performance last year has been attributed to the severe impact of the pandemic in the first half and the large-scale flooding of the Yangtze River in July. Prices also declined, negatively impacting operating income. However, in the third and fourth quarters of... |