TAIHEIYO CEMENT CORPORATION [5233.T]
TOKYO, Jun 08 (Pulse News Wire) – Taiheiyo Cement Corporation (5233.T) completed the acquisition of Vulcan Materials Company’s concrete production assets in Northern California on June 5 (U.S. Eastern Time).
The move strengthens Taiheiyo’s presence in the San Francisco Bay Area and enhances its existing operations in Southern California. The acquisition includes securing stable supply sources for cement and related materials, expected to boost sales volumes through synergies.
Taiheiyo plans to further bolster its revenue base along the U.S. West Coast to enhance group enterprise value.
The impact on the company’s consolidated performance for the fiscal year ending March 2027 has already been incorporated into previously disclosed earnings forecasts released on May 12.
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