该行表示，中资水泥企业出海拉美，打开了出海地域新局面，该行看到越来越多的出海案例，该行认为中资水泥企业出海愈发轻车熟路，建议关注积极出海的水泥企业。Jingwu Finance | HAITONG INT'L issued a research report indicating that recently Huaxin Cement (06655) announced an intention to acquire 100% equity of symbol A for 0.1866 billion USD (Hold 60% equity of symbol B), and 40% equity of symbol B. After the acquisition, symbol B will become the company's wholly-owned subsidiary, and its performance will be included in the company's financial statements.
The bank pointed out that the symbol company is located in Brazil, the largest country in Latin America. The company primarily engages in aggregate business and has not yet involved in Cement assets. The bank believes that operating an aggregate factory in Brazil will help the company gain a deeper understanding of Brazilian culture, language, and market, serving as an ideal springboard for future growth in Brazil. The bank considers the company's first steps into Latin America to be steady.
The bank continued to state that domestic demand is declining, and Chinese Cement enterprises, relying on their own technology and solid experience, are entering overseas markets at the right time. The decline in domestic Cement demand has become a fact. Based on the growth rate from January to October 2024, the demand is expected to be around 1.81 billion tons in 2024, a decrease of 0.55 billion tons compared to 2021 in just three years. Just as Huaxin Cement mentioned in its announcement regarding the acquisition of a Nigerian Cement company, entering overseas markets relies on China's advantages in industrial technology, a complete Industry Chain, and skilled technical personnel. The bank believes that it is the right time for Chinese Cement enterprises to go abroad.
The bank stated that Chinese Cement enterprises entering Latin America have opened a new chapter for overseas expansion, with an increasing number of cases being observed. The bank believes that Chinese Cement enterprises are becoming more familiar with going abroad and suggests paying attention to actively expanding Cement companies.
