local time, Huaxin formally completed the acquisition of 100% equity of Brazilian Enbu Aggregate Company (EMBU SA ENGENHARIA E COMERCIO), with a transaction value of $176.9 million. Entering South America marks a key step for Huaxin to implement the strategy of "overseas multi-business development", which will accelerate the company's progress towards the goal of "global leading multinational building materials group". Enbu Aggregate
Company is the leading construction aggregate supplier in Sao Paulo, with more than 60 years of successful operation experience. Its four modern factories have a total capacity of 8.8 million tons per year. With superior location layout, mature sales network and advanced technology, Enbu Aggregate Company continues to lead the regional market. After the final delivery of the project, Huaxin will obtain the strategic fulcrum covering the core economic region and lay the foundation for the subsequent extension of the industrial chain.
On March 18, the staff Congress of Enbu Company was held in Enbu Aggregate Factory. At the meeting, Mei Xiangfu, Vice President of Huaxin Company, introduced Huaxin's organizational structure, corporate culture, development strategy and future development plan in Brazil. He affirmed the performance and management level of Enbu Company, and emphasized that Huaxin would give full play to the advantages of resources and technology of the Group, support the local team of Enbu to lead Enbu Company to a new level, and further consolidate its leading position in the market. Chen Qian, Vice President
of Huaxin Company, Daniel Bach, Special Assistant to the President, Xiang Changhong, General Manager of Huaxin Business in Brazil, Brazilian Aggregate Project Team, CEO Moacir Borges and Management Team of Enbu Company, and employee representatives attended the meeting. The two sides expressed their confidence and expectations for joint development, and had detailed communication on takeover integration and company development planning.
As a pioneer of "going out" in China's building materials industry, Huaxin has built and acquired more than 20 cement plants and related industrial projects in Central Asia, Southeast Asia, South Asia, the Middle East and Africa for more than 10 years, and has achieved good social and economic benefits in its operation. With the joining of Brazil Enbu Aggregate Company, Huaxin has increased the number of countries with physical operations overseas to 13, and has formed a diversified business matrix of cement, aggregate, concrete and environmental protection disposal, opening a new chapter in its internationalization journey.
The picture shows one
of the aggregate factories of Brazil Enbu Aggregate Company.
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