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| Holcim to increase its stake in Huaxin Cement Holcim, the world's second- biggest suppliers of cement and aggregates, will invest about USD 125 million for the acquisition of the 160 million new A shares of Huaxin Cement Co. Ltd (HCC) – a leading Chinese cement maker. Holcim’s participation in HCC increases from 26.1 percent to 50.3 percent.Currently, the largest shareholders apart from Holcim are the City of Huangshi and an industrial holding company owned by the City of Huangshi with 27.1 percent. HCC, which is based in Huangshi in the east-central Chinese province of Hubei, was founded in 1907 and in 1994 became one of the first publicly listed cement companies in China. With an annual cement capacity of currently 22 million tonnes HCC is one of China's most progressive cement groups. write your comments about the article :: © 2006 Construction News :: home page |