Huaxin Cement is set to be a key player in Africa

Huaxin Cement Ltd has once again demonstrated China’s influence in Africa’s cement markets by acquiring a majority stake in Lafarge Africa PLC, Nigeria, from Holcim. Lafarge Africa PLC, part of the Holcim group, is valued at $1 billion based on the total value of its shares. Huaxin Cement has submitted an offer to acquire Holcim’s 83.81% stake in this African subsidiary …