Cheetah and West China Cement’s Namibian cement plant

West China Cement and Cheetah Cement are linking up to jointly create a US$300 million 1.5million tonnes/year cement plant in Otjiwarongo, Namibia.

January 4, 2016 Read time: 1 min

8042 West China Cement and Cheetah Cement are linking up to jointly create a US$300 million 1.5million tonnes/year cement plant in Otjiwarongo, Namibia.

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Huaxin Cement to develop Kazakhstan cement production plant

China-based Huaxin Cement is preparing to invest US$150 million in building a cement production plant in Kazakhstan’s Aktobe region. A linked agreement on the project was finalised by Aktobe's provincial governor and Huaxin Cement on 13 December 2015. The cement plant is due to have production capacity of 1.5million tonnes/year and will use natural gas instead of coal in its production process.

November 30, 2015

China’s Conch to increase equity interest in West Cement with US$592.21mn investment

China-based cement maker Conch International Holdings (HK) Ltd (Conch) plans to increase its shareholdings in fellow Chinese cement maker West China Cement Ltd (West Cement) through a US$592.21 million (HKD 4.59 billion) investment.

Once the deal is completed, Conch will need to conduct a mandatory takeover offer for the shares in West Cement it does not already own, as the stake it owns will rise to 51.57%. Currently, it owns a 21.17% equity holding in West Cement.

November 2, 2015

China’s Yaowangshan Cement to be 100%-owned by WCC

With a total value of CNY 767 million (€110.3 million/US$121.43 million), a 100% equity interest in China-based cement maker Yaowangshan Cement will be acquired by West China Cement (WCC) from China Jiantou Trust.

The acquisition will be settled in cash. The value comprises of CNY 376 million in shareholders' loans and CNY 392 million of share capital.