# 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.

- Type: Acquisition
- Announced: 2026-11-08
- Where: Brazil
- Value: $1.64B
- Status: announced
- Capacity: 17 million tonnes per year
- Products: cement
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Companhia Siderúrgica Nacional](https://endata.com/companies/15067.md) (partner)
- [Huaxin Building Materials Group](https://endata.com/companies/15093.md) (acquirer)
- [CSN Cimentos Brasil](https://endata.com/companies/15094.md) (target)
- [CSN Cimentos](https://endata.com/companies/15459.md) (target)

## Sources

- [minichart.com.sg](https://www.minichart.com.sg/2026/11/08/huaxin-pays-us1-64bn-for-99-99-of-brazils-no-2-cement-maker/), 2026-11-08: "It marks Huaxin’s first entry into the Brazilian cement market and, according to the announcement, the first by any Chinese cement producer."
- [scmp.com](https://www.scmp.com/business/companies/article/3373706/china-enter-brazils-cement-market-huaxin-agrees-buy-csn-cimentos), 2026-11-08: "Chinese building materials giant Huaxin Building Materials Group plans to acquire a 99.99 per cent stake in Brazil’s second-largest cement producer, CSN Cimentos, in a landmark deal that will mark China’s first entry into the Brazilian cement market"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.