Changes in Hong Kong stocks | Western Cement (02233) rose more than 4% at the end of the session. The company is expected to gradually establish a leading position in cement in Africa

The Zhitong Finance App learned that Western Cement (02233) rose more than 4% at the end of the session. As of press release, it had risen 4.49% to HK$3.26, with a turnover of HK$108 million.

According to the news, Western Cement is reportedly seeking to acquire established South African cement producer AfriSam through its wholly-owned subsidiary. Tianfeng Securities pointed out that AfriSam currently has an annual cement production capacity of about 4.5 million tons and is one of the leading cement companies in the South African market. With the implementation of subsequent acquisitions, Western Cement is expected to gradually establish a leading position in cement in the African region and continue to recommend growing varieties in the offshore chain.

Cathay Pacific Haitong Securities released a research report saying that in 2024, the gross profit per ton of Western Cement reached 288 yuan/ton, far higher than the domestic gross profit of 42 yuan/ton, and the company is unswerving in promoting a high-margin overseas layout strategy. In June 2025, the company announced that it plans to sell Xinjiang cement assets for 1.65 billion yuan. This move will help ease debt pressure and guarantee the progress of overseas expansion (new construction in Uganda, acquisition of Congolese gold, production lines in Zimbabwe, production lines in northern Mozambique, and long-term projects in Angola).