The highest valuation is over 20 billion yuan! Huaxin Cement Intends to Acquire Overseas Giants

On March 17, Brazil's National Steel Corporation (CSN) is considering selling its cement business at a valuation of up to $3 billion (about 20.622 billion yuan) . Brazil's Votorantim Cimentos and China's Huaxin Cement have shown interest in potential acquisitions. CSN has hired Morgan Stanley to assess the feasibility of the deal, which is still in its early stages and may not be finalized. According to

the data, CSN is the second largest cement manufacturer in Brazil. As of 2026, when the cement business was sold, its cement business had seven integrated cement plants and six grinding plants, with a core installed capacity of 17 million tons per year. In 2025, the actual cement output is 13.393 million tons , and relying on 6 quarries, 27 distribution centers and 3 logistics terminals to form a complete supporting logistics network, the production capacity layout is concentrated in the southeastern, central and western and northeastern regions of Brazil.

Huaxin Cement has completed its layout in the Brazilian building materials market before, laying the market foundation for its potential acquisition intention.

It is understood that on March 18, 2025, Huaxin Cement announced the formal completion of the acquisition of 100% equity of Brazil Enbu Aggregate Company, with a transaction value of $176.9 million (about RMB 1.28 billion). Enbu Aggregate Company is the leading construction aggregate supplier in Sao Paulo, Brazil, with more than 60 years of successful operation experience. Its four modern factories have a total capacity of 8.8 million tons per year. With superior location layout, mature sales network and advanced technology, Enbu Aggregate Company continues to lead the regional market. As one of the first Chinese cement enterprises to go out

, Huaxin Cement has achieved remarkable results in overseas market expansion in recent years. According to Huaxin's previous disclosure, its business territory has covered 18 overseas countries, and more than 40 building materials factories have been built in 13 of them, and it is still continuing to lay out and actively explore new development opportunities in overseas markets.

According to the 2025 overseas investment and production list released by China Cement Network, Huaxin Cement ranks first with an annual production capacity of 26.598 million tons.