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Chinese group Huaxin Cement, through its subsidiary Huaxin Hong Kong, acquired 100% of the shares held by InterCement in Nepal Portland Cement Company, which controls Cimentos de Moçambique, Mozambique's largest cement company.
Sinoma Overseas (a subsidiary of Sinoma International) has signed an EPC contract with LOMA NEGRA C.I.A.S.A. for a 5,800 tpd cement production line in Olavarría, Argentina. The contract is worth approximately $280 million.