Recently, the overseas development of Huaxin Cement has been reported again, and the company has successfully signed an agreement to acquire 100% of the shares of Maveni Company in Tanzania. This is the first project invested by Huaxin Cement in Africa since it expanded its international business, marking the success of Huaxin Cement in breaking out of Asia and opening the pace of its layout in Africa. The effectiveness of the Equity Acquisition Agreement is subject to the relevant approvals of the Tanzanian and Chinese governments and the completion of the relevant terms of the agreement. < br/>
Marvini is a wholly owned subsidiary of a listed Kenyan company in Tanzania, with a clinker production line with a daily output of 4,000 tons and a cement grinding station with an annual output of 750,000 tons. After several rounds of negotiations, Huaxin finally reached an agreement with the trading parties in all aspects and successfully signed the equity acquisition agreement.
It is reported that since 2012, Huaxin has invested in a number of projects in Tajikistan, Cambodia, Uzbekistan and Nepal, including three cement plants in operation, one packaging bag plant and two cement plants under construction, and has realized the goal of "investing in the construction of a plant and building a new one". The overseas investment goal of "successfully operating a factory". After the merger and acquisition, Tanzania will become the fifth country invested by Huaxin and the first country outside Asia. This project is also the first overseas M & a project of Huaxin Cement, which is a new decisive measure for Huaxin Cement to actively respond to the national "the Belt and Road" initiative and accelerate the pace of "going out".
In the future, Huaxin Cement will continue to give full play to its technological advantages, strive to expand its overseas business territory, fully realize the company's overseas development strategic objectives, and help Chinese manufacturing and Chinese brands sail to sea.
浙公网安备33010802003254号