Industry & Mining · Funding signal

Chinese firm behind Nigeria's $1 billion cement takeover lands another $807 million deal in Asia

Chinese firm behind Nigeria's $1 billion cement takeover lands another $807 million deal in Asia — the desk wire, 2 August 2026. Chinese cement giant Huaxin Cement, which recently completed its $1 billion takeover of Lafarge Africa, has continued its global acquisition spree with an $807 million purchase of Holcim's operations in the Philippines, reinforcing its ambition to become one of the world's leading international cement producers.

Updated 2 August 2026 · First published 2 August 2026

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