Recently, Li Yeqing, president of Huaxin Cement , went to the newly acquired Nigerian company to attend the unveiling ceremony of the new Logo, and conducted in-depth factory research and guidance, encouraging cadres and employees to build the company into the most competitive cement enterprise in the Nigerian market. Chen Qian, Xu Gang, Wang Jiajun and Tang Jun, vice presidents of the company, and Hu Zhenwu, director of engineering equipment, accompanied the investigation.
At the unveiling ceremony, Li Yeqing pointed out that since entering the African continent for the first time in 2019, the company has been firmly optimistic about the development potential and growth opportunities of the African market, and the successful acquisition of Nigerian companies is the first time that Huaxin has entered West Africa, which means that Huaxin's African development territory has successfully extended from the east and south. With seven countries in Africa, the annual production capacity of overseas cement will exceed 40 million tons, becoming the largest and most widely distributed enterprise in China's cement industry, and the international comprehensive competitiveness will reach a new level.
Li Yeqing and his delegation also went to Sagamu and Ewekoro factories for field visits and exchanges to understand in detail the efficiency of production and operation, the status of equipment operation and maintenance, and the living conditions of employees. At the company's staff meeting, Li Yeqing said that Huaxin is very optimistic about Nigeria's economic and social development prospects, which will help the company greatly improve its operational performance, provide better products and services for local customers, and enable every employee to realize his personal value on the Huaxin platform. He stressed that Nigerian companies will, as always, actively fulfill their corporate citizenship obligations and take the initiative in environmental protection, community development and public welfare undertakings to achieve the common growth of enterprises and local society. Founded in 1969,
Nigeria is a well-known local listed company with four cement plants and concrete business, with a total annual cement production capacity of 10.5 million tons and an annual concrete production capacity of 800,000 cubic meters. It has a deep local market foundation and a complete production and operation system. On August 29, Huaxin completed the delivery of 83.81% of the company's equity, and the company formally became an indirect wholly-owned subsidiary of Huaxin and was included in the scope of consolidated statements.
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