# Mitsubishi Materials to sell cement plant in China, exit market

Mitsubishi Materials agreed to sell its 66.67% stake in Yantai Mitsubishi Cement in Shandong to a China National Building Material affiliate, and will liquidate two cement admixture companies in Shandong and Jiangsu, as it withdraws from the Chinese cement market due to environmental regulations and oversupply.

- Type: Closure
- Announced: 2017-03-30
- Where: Shandong, Jiangsu, China
- Status: announced
- Capacity: 1.2Mta
- Products: cement, cement admixtures
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Mitsubishi Materials](https://endata.com/companies/8627.md)
- [Mitsubishi Corporation](https://endata.com/companies/575.md) (partner)
- [China National Building Material Group](https://endata.com/companies/20207.md) (acquirer)

## Sources

- [cemnet.com](https://www.cemnet.com/News/story/161534/mitsubishi-materials-withdraws-from-china-market.html), 2017-04-18: "Mitsubishi Cement plans to pull out of the Chinese cement market as tighter environmental regulations take their toll"

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