Huaxin buys African cement assets from Intercement

Natal Simuna Plant1

Intercement announced the divestment of its cement assets in Mozambique and South Africa to Chinese Huaxin Cement. The assets include 3.3 Mta cement capacity from 2 integrated and 3 grinding plants in Mozambique as well as 2.0 Mta capacity from 1 integrated plant in Simuma (photo) and 2 grinding plants in South Africa. The investment by Huaxin is according to the ‘Belt and Road’-initiative, to boost Huaxin’s presence in Africa. At present, also the construction of the 3000 tpd Nacala kiln upgrade project in Mozambique is advancing, commissioning is planned in August 2024.