Huaxin Cement announced on June 28 that Huaxin (Hong Kong) International Holdings Limited, a wholly-owned subsidiary, signed a share sale agreement with INTERCEMENT TRADING INVERSIONES. The proposed acquisition of 100% of Natal Portland Cement Company (Pty) Ltd. is based on an enterprise value of US $265 million at a total cost of about US $231.6 million.
Natal Portland Cement Company (Pty) Ltd., a locally registered cement manufacturer in South Africa, also holds business segments in South Africa and Mozambique. The South Africa business segment owns three cement plants, namely Simuma, Durban and Newcastle, and is the largest cement producer in KwaZulu-Natal Province of South Africa. Its main products include cement, concrete and aggregate, and its cement production capacity is about 1.8 million tons per year.
It is understood that this is the 10th and 11th countries of Huaxin Cement's overseas layout, so far, the number of overseas factories of Huaxin Cement has reached 19. On July 6-7,
2023, China Cement Network will hold the "2023 China Cement Energy Conservation and New Energy Development Conference" in Chongqing. China Building Materials, Conch Group, Jinyu Jidong, Red Lion Group, Huaxin Cement, Huarun Cement, Taiwan Cement, Shanshui Group, Tianrui Cement , Asian Cement and other leading enterprises will gather in Chongqing. Together with industry technical specialist and professors of colleges and universities, we will explore new ways of energy saving and carbon reduction in the cement industry to help the cement industry move towards a new journey of low-carbon and high-quality development.
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