Cement net video: the total price is about 1 billion yuan! Western Cement purchased South African cement enterprises, and overseas production increased by 4.5 million tons.

On April 2, Western Cement announced that it had agreed to acquire the shares of Afri Sam Company in South Africa at a maximum cost of $145 million (about 998 million yuan). The target is South Africa Head Building Materials Group, which was established in 1934 with an annual output of 4.5 million tons of cement, 5 million tons of aggregate and 1.5 million tons of ready-mixed concrete. The transaction aims to expand the distribution of Western Cement in Southern Africa and strengthen its regional market position.