The total price is about 1 billion yuan, and the overseas output of cement enterprises in South Africa purchased by Western Cement increased by 4.5 million tons.

On April 2, Western Cement announced that it had entered into a share sale and subscription agreement with Africa Sam Company of South Africa, agreeing to acquire the shares of Africa Sam Company of South Africa at a maximum price of 145 million US dollars (equivalent to about 998 million RMB).

Western Cement believes that the acquisition of Africa Sam's business will expand the company's cement development and territory in Southern Africa. Africa Sam produces 4.5 million tons of cement, 5 million tons of aggregate and 1.5 million tons of ready-mixed concrete annually. According to

the data, AfriSam, as the leading enterprise of building materials in South Africa, has a history of nearly 90 years. Founded in 1934 as Ingwals Portland Cement, the company is headquartered in Roodepoort, Johannesburg, with a network covering all of South Africa and extending to Lesotho and Swaziland. It is known for its vertically integrated operations, sustainable development concepts and technological innovation, and its brand slogan "Creating Concrete Possibilities" demonstrates its long-term commitment to supporting Africa's construction. In terms of

production capacity, AfriSam currently has an annual cement production capacity of about 4.5 million tons, and is one of the leading cement companies in the South African market.

The company has two integrated cement plants, the Ulker plant in the Northern Cape and the Dudfield plant near Lichtenburg in the North West Province, both of which are equipped with complete clinker production lines to achieve autonomous control of the whole process from raw material mining to clinker calcination.

In addition, the company has a grinding station with an annual output of about 1 million tons in Roodepoort and operates a slag grinding facility with an annual output of more than 800000 tons in Vanderbilt Park, specializing in the production of slag powder for extending the cement industry chain and reducing carbon emissions.

It is worth noting that AfriSam is at the forefront of the industry in the application of clinker replacement technology, which can reduce the clinker content in the final product by up to 40% through the use of auxiliary materials such as slag and fly ash, with significant advantages in environmental performance.