China West Cement to Acquire Stake in South Africa's AfriSam for $145 Million
2026-04-03 14:59
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en.Wedoany.com Reported - On April 2, 2026, West Cement announced that it had entered into a share sale and subscription agreement with South Africa's AfriSam Company. The company plans to acquire shares in AfriSam for up to $145 million (approximately RMB 998 million) to expand its cement business footprint in Southern Africa.

AfriSam, founded in 1934, is headquartered in Roodepoort, Johannesburg. The company has an annual cement production capacity of 4.5 million tons, aggregate production capacity of 5 million tons, and ready-mix concrete production capacity of 1.5 million tons. Its business network covers the entire South Africa and extends to Lesotho and Eswatini.

In terms of production facilities, AfriSam operates two integrated cement plants: the Ulco plant in the Northern Cape and the Dudfield plant in the North West Province. Both plants are equipped with complete clinker production lines. Additionally, the company has a 1 million-ton-per-year grinding station in Roodepoort and operates a slag grinding facility in Vanderbijlpark with an annual capacity exceeding 800,000 tons, producing slag powder used to reduce carbon emissions.

Technical details show that the company reduces the clinker content in its final products by up to 40% through the use of supplementary materials such as slag and fly ash. This clinker substitution technology enhances environmental performance while effectively extending the cement industry chain.

This acquisition will add 4.5 million tons of annual cement production capacity to West Cement, enabling it to quickly enter the South African building materials market. Simultaneously, by leveraging AfriSam's technology and channels, West Cement aims to improve its layout in Southern Africa and enhance its competitiveness in the regional market.

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