West China Cement Ltd. is seeking to acquire AfriSam South Africa Pty Ltd., a leading supplier of construction materials and technical solutions, led by South African businessman Eric Diack. This reflects Chinese cement makers' growing interest in Africa as domestic construction slows.
Chinese Cement firms expand across Africa
Chinese companies have increasingly turned to African markets. Last year, Huaxin Cement Co. acquired a controlling stake in Lafarge Africa Plc from Holcim AG for about 1 billion, reflecting rising demand for building materials on the continent.
