en.Wedoany.com Reported - China West Cement recently announced that it has entered into a share sale and subscription agreement with South Africa's AfriSam Company, agreeing to acquire shares in AfriSam for USD 145 million (approximately RMB 998 million). This move aims to expand its footprint and regional advantages in the cement market of Southern Africa.
AfriSam is one of the leading building materials companies in Southern Africa, with a history of nearly 90 years and operations spanning South Africa, Lesotho, and Eswatini. The company owns two fully integrated cement plants (Ulco and Dudfield), one grinding station with an annual capacity of approximately 1 million tons (Roodepoort), and one slag grinding facility with an annual capacity exceeding 800,000 tons (Vanderbijlpark). In terms of production capacity, AfriSam's annual cement output reaches 4.5 million tons, aggregate output 5 million tons, and ready-mix concrete output 1.5 million tons. Notably, AfriSam holds significant advantages in environmental technology. By utilizing alternative materials such as slag and fly ash, it can reduce the clinker content in its products by up to 40%, effectively lowering carbon emissions.
China West Cement stated that the company is optimistic about the long-term growth potential of the Southern Africa region. It hopes to leverage its experience in technology, management, and cost control to create synergies with AfriSam's business, thereby establishing a more solid foundation in the Southern African cement industry.
This acquisition is a significant step in China West Cement's internationalization strategy. Through the acquisition, China West Cement will directly gain access to AfriSam's established production network, market channels, and technological expertise in Southern Africa, further expanding its cement development footprint in the region and enhancing its regional competitiveness.
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