2024, Huaxin Cement took a solid step in the international strategic layout, and its overseas market performance was outstanding. The annual overseas revenue reached 7.984 billion yuan, a significant increase of 47% over the previous year; the overseas cement sales volume reached 16.2 million tons, a year-on-year increase of 37% ; By the end of the year, overseas cement production capacity exceeded 22.5 million tons per year, an increase of 8% over the same period last year, and the total production capacity in operation and under construction exceeded 25 million tons, laying a solid foundation for the company's medium- and long-term overseas expansion.
Picture and Text Huaxin's Zambia Qilanka Cement Company
I. In 2024
, Huaxin Cement continued to cultivate in the overseas market. Key progress has been made in several key projects:
the 3000t/d cement clinker production line of the Nacala Plant in Mozambique has been completed and put into operation ; the biomass power plant of the Marvini Company in Tanzania has been successfully connected to the grid for power generation. Conversion of 2000t/d cement clinker production line of Qilanka Plant
in Zambia to 3000t/d and conversion of 1217t/d cement clinker production line of Ndola Plant to 2500t/d, conversion of 3300t/d cement clinker production line of South Africa Plant to 5500t/d, The new project of 2000t/d cement clinker production line in Malawi and 300000 tons/year grinding station in Zimbabwe are progressing smoothly; Nigeria's cement production capacity of 10.6 million tons/year and Brazil's aggregate production capacity of 8.8 million tons/year
were successfully signed .
The picture shows that the production line of Huaxin Mozambique Cement Company has been ignited and put into operation
. 2. Capital expenditure in 2025 focuses on overseas mergers and acquisitions
. According to the record of investor relations activities recently disclosed by Huaxin, the planned capital expenditure in 2025 is 13.3 billion yuan. Among them, overseas mergers and acquisitions are the primary investment direction, and Nigeria and Brazil projects occupy the core position:
Nigeria project: December 2024. Huaxin Cement announced that it would acquire all the shares of Caricement B. V and Davis Peak Holding Limited of Holcim Group for US $838 million. The target company has four large-scale cement plants and six concrete plants in Nigeria, with a cement production capacity of 10.6 million tons per year and a concrete production capacity of 400000 cubic meters per year. After the merger and acquisition, the Nigerian factory, as an important strategic fulcrum of the company in West Africa, will help the company to rapidly expand the West African market, open up new development space and achieve another major strategic breakthrough.
Brazil Project: On March 18, 2025, the Company completed the acquisition of 100% equity of EMBU SA, with a transaction value of USD 176.9 million. As the head aggregate supplier in Sao Paulo, Brazil, Enbu Aggregate has more than 60 years of operation experience, and its four modern plants have a total capacity of 8.8 million tons per year. This project is one of the decisive measure for the company to actively promote the overseas multi-business development strategy and lay out the emerging potential market, and is a milestone event for the company to develop the South American building materials market.
The picture shows the acquisition of one
of the company's aggregate factories. 3. Medium-term target of doubling
overseas production capacity. At present, Huaxin Cement has invested in 13 countries and its business has radiated to 18 countries and regions. The company has clearly put forward the medium-term goal: to increase the overseas cement production capacity from the current 25 million tons to about 50 million tons. The future development goal is to build a leading multinational building materials group in the world.
It is worth noting that there is still room to double the current overseas production capacity from the target of 50 million tons, whether through new projects to consolidate the foundation or through rapid expansion of mergers and acquisitions, the internationalization path of Huaxin Cement has been clearly shown. Overseas business has become an important engine of the company's performance growth.
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