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An update from Taiheiyo Cement ( (JP:5233) ) is now available.
Taiheiyo Cement’s subsidiary, CalPortland Company, is set to acquire Vulcan Materials Company’s ready-mixed concrete business assets in California, pending regulatory approval. This strategic acquisition will allow Taiheiyo to expand into Northern California’s San Francisco Bay Area and enhance efficiencies in Southern California’s San Diego region, capitalizing on the robust demand for ready-mix concrete driven by AI-related infrastructure investments and urban redevelopment projects. The acquisition is expected to bolster Taiheiyo’s revenue base, create new synergies, and provide stable demand for its cement products, contributing to steady growth in sales and profits.
The most recent analyst rating on (JP:5233) stock is a Buy with a Yen4512.00 price target. To see the full list of analyst forecasts on Taiheiyo Cement stock, see the JP:5233 Stock Forecast page.
More about Taiheiyo Cement
Taiheiyo Cement Corporation is a key player in the construction materials industry, primarily manufacturing and selling cement, ready-mixed concrete, and aggregates. The company focuses on expanding its business operations, developing carbon-neutral technologies, and strengthening its supply chain, particularly on the US West Coast.
Average Trading Volume: 481,260
Technical Sentiment Signal: Buy
Current Market Cap: Yen475.8B
For an in-depth examination of 5233 stock, go to TipRanks’ Overview page.