12.19 Cement Morning Post: Huaxin Acquires Aggregate Business in Brazil; Cement Prices in Many Places in Zhejiang Are Raised; Huaxin Spends 7.464 Billion at Sea

1 . Comments of Cement Net: Huaxin acquired Brazilian aggregate business and made great strides in the expansion of overseas aggregate production capacity. On December 16,

2024, the board of directors of Huaxin announced that it planned to invest 186.6 million US dollars to acquire Brazilian EMBU S. A. The Brazilian building materials industry was booming. Benefiting from the economic recovery and population growth, the construction industry and real estate development have led to the development of the aggregate industry. The target company will increase Huaxin's overseas aggregate production capacity by 8.8 million tons per year. The company's profitability is excellent, and its after-tax profits grew rapidly in the first nine months of 2021-2024. The acquisition is of great significance for China to open up the South American market and expand its overseas territory.

3. Throw 7.464 billion yuan! At the beginning of this month, it planned to spend about 6.105 billion yuan to buy shares in Nigeria to control listed companies and expand the West African market; on the 16th, it planned to spend about 13. Overseas development is one of its four strategies, and there are not too many restrictions on the region. If the Brazilian acquisition is successful, it will be the first time for Chinese cement enterprises to enter the Brazilian building materials market, which is of pioneering significance. Huaxin is the earliest overseas cement enterprise, establishing production networks in 12 countries, and many new projects are under construction, with considerable overseas production capacity.

8. < a href = "The https://www.ccement.com/news/content/44499504174195001. is affected by the off-peak and kiln shutdown, the local cement inventory is relatively low, and the enterprise has a strong willingness to raise prices.". Since the 18th, the price of bulk cement in Changsha-Zhuzhou-Xiangtan area has risen by 30 yuan/ton, the price of bagged cement has risen by 10 yuan/ton, and the price of cement in Yiyang, Changde and other places has risen by 20 yuan/ton. At present, the market sales volume is about 5-6% of the normal level, and the market implementation of the price increase remains to be seen.

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