Huaxin Building Materials acquires 99.99% of CSN Cimentos Brasil for US$1.64B

Huaxin Building Materials Group agreed to acquire 99.99% of Brazil's second-largest cement producer, CSN Cimentos Brasil S.A., from Companhia Siderúrgica Nacional for approximately BRL 9.0337 billion (about US$1.642 billion). The deal was struck on 7 November 2026 and marks Huaxin's first entry into the Brazilian cement market.

“It marks Huaxin’s first entry into the Brazilian cement market and, according to the announcement, the first by any Chinese cement producer.”minichart.com.sg

• 2 sources
• minichart.com.sgHuaxin pays US$1.64bn for 99.99% of Brazil’s No.2 cement maker – MinichartNov 8, 2026
• scmp.comChina to enter Brazil’s cement market as Huaxin agrees to buy CSN Cimentos | South China Morning PostZhu WenqianNov 8, 2026

Summarized from public sources; check the original articles before acting on it.