Brazil: China-based Huaxin Cement has acquired Embu Engenharia e Comércio for US$186m. Migalhas News has reported that Embu Engenharia e Comércio mines 8.8Mt/yr of aggregates across its four quarries in São Paulo Metropolitan Region.
The completed acquisition marks the entry of the global top-10 cement producer into the Brazilian market. It previously acquired Brazil-based InterCement’s South African business in December 2023.
