Huaxin Cement Co Ltd: Strategic Expansion with Acquisition of Holcim’s Nigeria Business
In a significant move within the construction materials sector, Huaxin Cement Co Ltd, a prominent player based in Wuhan, China, has successfully completed the acquisition of Holcim’s Nigeria business. This strategic acquisition, finalized on August 29, 2025, marks a pivotal expansion for Huaxin Cement, enhancing its footprint in the African market.
Holcim, a leading partner for sustainable construction, divested its entire 83.81% shareholding in Lafarge Africa PLC to Huaxin Cement for an equity value of USD 1 billion. This transaction, executed on a 100% basis before dividend adjustments, underscores the value and potential of the Nigerian cement market.
The acquisition is not just a financial transaction but a strategic alignment. Martin Kriegner, Regional Head Asia, Middle East & Africa at Holcim, expressed confidence in Huaxin Cement’s commitment to further developing the business in Nigeria. This move is expected to bolster Huaxin Cement’s position in the region, leveraging its existing expertise in cement, concretes, aggregates, and other building materials.
For Holcim, the divestment aligns with its growth-focused capital allocation strategy, freeing up resources to pursue other strategic opportunities. The sale proceeds are anticipated to enhance Holcim’s capacity for future investments and innovations in sustainable construction.
Huaxin Cement, listed on the Hong Kong Stock Exchange with a market capitalization of 20.88 billion HKD, has demonstrated resilience and growth potential. As of August 27, 2025, the company’s share price stood at 13.15 HKD, reflecting a recovery from its 52-week low of 6.31 HKD in September 2024. The company’s price-to-earnings ratio of 14.086 indicates a balanced valuation, considering its recent strategic moves.
This acquisition is a testament to Huaxin Cement’s strategic vision and its commitment to expanding its global presence. As the company integrates Lafarge Africa PLC into its operations, stakeholders are keenly watching for synergies that could drive further growth and innovation in the construction materials industry.
In conclusion, Huaxin Cement’s acquisition of Holcim’s Nigeria business is a landmark deal that not only strengthens its market position but also sets the stage for future growth and development in the African region. With a focus on sustainability and innovation, Huaxin Cement is well-positioned to capitalize on emerging opportunities in the global construction materials market.