Displaying items by tag: Portland Cement Malawi

Malawi: Huaxin Building Materials Group and its subsidiary Portland Cement Malawi have commissioned a US$100m integrated cement plant in Balaka, 215km south of the capital Lilongwe. The factory is expected to produce 800,000t/yr of cement and reduce Malawi’s dependence on imported clinker and cement. Minister of Finance Joseph Mwanamvekha, who attended the inauguration ceremony, said the project aligns with the Malawi 2063 Agenda by supporting infrastructure and economic resilience.

Chinese Ambassador to Malawi Lu Xu said “The plant helps to address the current challenges by saving US$50m in foreign exchange expenditure annually, and generate US$15m in foreign exchange income.” She added that it is the largest manufacturing investment by a Chinese firm in Malawi and will create jobs, boost economic output and strengthen local industrial chains.

Malawi: Lafarge Cement Malawi, which Huaxin Cement acquired from Holcim in December 2021, has renamed itself Portland Cement Malawi.

The Nyasa Times newspaper has reported that company secretary Constance Musopole said "Portland Cement Malawi will remain the home of our trusted brands which include DuraCrete, SupaSet, Kumanga and Khoma. We wish to inform the general public that the reputable legacy and the superior quality of goods and services that have been built over 65 years of existence in Malawi will indeed continue and also improve.” She added "Huaxin is among the 10 largest cement manufacturing companies globally with 115Mt/yr in capacity. We are excited to begin this new chapter in the legacy of the company."