OYH has moved to strengthen its global footprint with an agreement to acquire a 60% stake in Novakem, a leading Brazilian producer of cement additives and concrete admixtures. The deal, signed on November 19 by a wholly-owned subsidiary, marks a strategic advance in the company's international expansion.

Brazil, one of Latin America's major economies, offers a stable political environment, robust legal framework, and thriving construction sector. Its rapidly growing infrastructure market continues to drive strong demand for high-performance concrete and cement solutions. This acquisition enables OYH to secure a strategic position in a key regional market while supporting China's growing economic ties with Brazil.

Novakem is recognized in Brazil for its advanced technology and reliable product quality, earning a strong reputation across the local construction chemicals sector. Backed by a skilled management team, the company is well-positioned for sustained growth.

By integrating Novakem's local market expertise with OYH's global leadership in admixture technology and R&D capabilities, the partnership will enhance product offerings and competitiveness across Brazil and beyond.

This investment aligns with OYH's long-term vision of becoming the world's most valuable building materials enterprise. It will help deepen the company's international presence, create new growth opportunities, and build synergies in technology, supply chain, and distribution—delivering lasting value to shareholders and stakeholders.