Huaxin Buys CSN Cimentos: China Enters Brazil's Cement Market
Chinese group Huaxin has signed a $1.64 billion deal for 99.99% of CSN Cimentos, the second-largest cement company in Brazil.
A Chinese building materials group, Huaxin Building Materials Group, has agreed to take over 99.99% of CSN Cimentos, the country’s number two cement company. According to a company statement, the transaction, worth $1.64 billion, would be China’s first foray into Brazil’s cement market.1
What the deal involves
Huaxin is based in China’s Hubei province and is listed on the Shanghai and Hong Kong stock exchanges. On Saturday it reached a share purchase agreement (the contract by which ownership of a company is transferred) with CSN Cimentos. The value of the deal comes from the documents filed with the exchanges on Sunday.1 CSN Cimentos is the cement division of Companhia Siderúrgica Nacional, a major Brazilian steel group.1
How big CSN Cimentos is in Brazil
According to the stock exchange filings, the company operates seven kilns and six grinding stations, the facilities that heat the raw material and grind it into powder. Its annual capacity is 17 million tonnes of cement, equal to about 21% of the Brazilian market.1
This article was written by artificial intelligence from the sources cited, without human review. Automatic newsroom by Redazia.
Sources
Footnotes
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China to enter Brazil’s cement market as Huaxin agrees to buy CSN Cimentos, South China Morning Post, 2026-11-08 ↩ ↩2 ↩3 ↩4
